Binary Market Data Protocols Complements GTX Offering

The division housing GAIN Capital's institutional FX arm, GTX, announced the launch of live market data binary protocols. All current and new customers of the electronic communications network (ECN) Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term will be able to use the service at no additional charge.

The decision to expand the existing offering is in response to the growing demand of investors that use algorithmic strategies and market makers, aiming to provide more robust Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and reduced data latency. This will allow for a significant reduction in memory usage during the conversion of market information and shorten the processing time, speeding up access to ECN markets.

Binary market data protocols will expand the utility of the GTX ECN to algorithmic traders

As reported by Steve Reilly, Head of Liquidity at GTX, in a recent official statement on the announcement, "We are pleased to provide live market data binary protocols to our most data intensive market participants. Binary market data protocols will expand the utility of the GTX ECN to algorithmic traders, with the goal of providing more robust liquidity to all market participants."

Binary protocols adopt GTTP proprietary binary protocol that include the ability to choose between Transmission Control Protocol (TCP), User Datagram Protocol (UDP) and precise timestamps. GTTP relies on a new framework, which is currently in the process of standardization by FIX Protocol Limited.

The official press release informing about the launch of high-speed binary market data protocols also provides an update of trading volumes. GTX reported highest year-to-date (YTD) turnover, at levels of $17.8 billion (29 January 2016). The result was achieved thanks to $3.1 billion executed by the swap dealer on an agency basis and $14.6 billion ECN volume.