The CEO of Fastmatch Dmitri Galinov has spoken with Finance Magnates about the mechanisms protecting clients
In the final hours before the results from the U.S. election are announced, we are looking at how the fastest growing Electronic Communications Network (ECN)) for trading foreign exchange is preparing for the prospective market volatility.
In order to find out more about what are the tools that an ECN has to tackle outsized quotes Finance Magnates spoke to the CEO of Fastmatch, Dmitri Galinov.
When asked what are the mechanisms which the ECN uses to protect clients from volatility, Mr Galinov explained, “Fastmatch is preparing for the U.S. election and we have increased our protective trading bands to adapt to a more volatile environment that we expect to come. Our system calculates in real-time a mid point based on the best bid and the best offer on our ECN and we add bands around the mid point so that no transactions can occur outside of those bands.”
“Given that we expect that the environment is going to be very volatile we are expanding those bands. The measures worked pretty well around Brexit and we feel that the US election is worthy of the same measures. The new values of the protective bands are 4 times wider than during normal market conditions,” the CEO of Fastmatch elaborated.
In the aftermath of the Swiss National Bank induced crisis that has hit market, insiders from the foreign exchange trading intermediary industry have become much more cautious.
Mr Galinov shared, “Without any doubt, the market started adjusting for big risk events and the industry is much better prepared for those outsized risks.”
The protective bands that Fastmatch widens around periods of big volatility have not only helped clients of Fastmatch weather the Brexit storm but also the British pound flash crash.
“Unlike some other ECNs that traded at some questionable prices, we had no issues and our trading was very smooth. The trading bands are designed to prevent outsized quotes when the markets move very suddenly. The mechanism worked beautifully around the British pound crash and during Brexit. We hope it will once again prove effective during the aftermath of the U.S. election,” Mr Galinov concluded.
The protective bands have been added to the midpoint on every currency pair. During normal market conditions, clients of Fastmatch can’t execute orders that are more than 69 pips away from the midpoint. Even if there is a quote at such a level, the order won’t be executed.
In the final hours before the results from the U.S. election are announced, we are looking at how the fastest growing Electronic Communications Network (ECN)) for trading foreign exchange is preparing for the prospective market volatility.
In order to find out more about what are the tools that an ECN has to tackle outsized quotes Finance Magnates spoke to the CEO of Fastmatch, Dmitri Galinov.
When asked what are the mechanisms which the ECN uses to protect clients from volatility, Mr Galinov explained, “Fastmatch is preparing for the U.S. election and we have increased our protective trading bands to adapt to a more volatile environment that we expect to come. Our system calculates in real-time a mid point based on the best bid and the best offer on our ECN and we add bands around the mid point so that no transactions can occur outside of those bands.”
“Given that we expect that the environment is going to be very volatile we are expanding those bands. The measures worked pretty well around Brexit and we feel that the US election is worthy of the same measures. The new values of the protective bands are 4 times wider than during normal market conditions,” the CEO of Fastmatch elaborated.
In the aftermath of the Swiss National Bank induced crisis that has hit market, insiders from the foreign exchange trading intermediary industry have become much more cautious.
Mr Galinov shared, “Without any doubt, the market started adjusting for big risk events and the industry is much better prepared for those outsized risks.”
The protective bands that Fastmatch widens around periods of big volatility have not only helped clients of Fastmatch weather the Brexit storm but also the British pound flash crash.
“Unlike some other ECNs that traded at some questionable prices, we had no issues and our trading was very smooth. The trading bands are designed to prevent outsized quotes when the markets move very suddenly. The mechanism worked beautifully around the British pound crash and during Brexit. We hope it will once again prove effective during the aftermath of the U.S. election,” Mr Galinov concluded.
The protective bands have been added to the midpoint on every currency pair. During normal market conditions, clients of Fastmatch can’t execute orders that are more than 69 pips away from the midpoint. Even if there is a quote at such a level, the order won’t be executed.
Noel Quinn's Surprise Exit Marks End of an Era at HSBC
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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