Devexperts Educational Resource: Order-Sweeping Algorithms in Forex Trading

Liquidity aggregation is a very useful tool for any brokerage. It helps you overcome liquidity provider (LPs) pricing controls. It also ensures the best order placement for your clients while maintaining depth of market anonymity, ultimately resulting in improved client retention. At its core, liquidity aggregation relies on order-sweeping algorithms to identify the best order placement.

Here’s where liquidity aggregation gets complicated. How do these algorithms work? How can your employees audit the suggested order placement or even explain it to clients? What if you get lost in transaction details or oversimplify the trading process? You may end up losing millions.

At Devexperts, we’ve harnessed our 20-year experience in financial software development and brokerage and LP operations to create our newest e-book: Order-Sweeping Algorithms in Forex Trading. With this book, we aim to help brokers, developers, engineers, and even customer care staff understand liquidity aggregation in detail and how it happens.

Help FX/CFD Brokers Visualize Liquidity Aggregation Processes

FX/CFD trading is complex as you need to pinpoint the exact depth of market to apply the best hedging strategy. That said, getting price quotes and analyzing the best way to place an order is time-consuming. And that’s especially true in volatile markets like FX and CFD. The process gets more complex when you have many clients and countless instruments to trade.

Our e-book will help you understand how order selection and placement happen using a liquidity aggregator. We explain sweeping triggers and order and TIF mapping. You’ll also find 18 scenarios with examples that show your employees all the steps involved in liquidity aggregation to reach order placement.

That way, you can know how the process works, visualizing it through the examples. You’ll also ensure you’re getting the best price for your trades. Beyond order placement, you’ll use accurate data and implement best processes for your risk management modules and data models.

But what if you’re hiring an engineer working to create liquidity aggregation software? Our e-book can also help you!

Educate Engineers About Your Order Execution Processes

What if you want to request specific software to apply liquidity aggregation? How will you explain the procedure the algorithm needs to execute?

Our book also helps engineers understand what LPs do, how they think, and what affects their pricing. The high-resolution visual examples help engineers understand the detailed process involved in liquidity aggregation. They can also visualize the decisions involved in liquidity aggregation.

As a result, engineers can build on those details to create precise order-sweeping algorithms that execute the correct decisions. That way, you can trust the software’s order execution.

What if you want your clients to trust your strategy and order execution as well? They won’t understand the complex procedures that lead to the price they pay/ get. In this case, help your customer care staff explain the process using our e-book.

Empower Customer Care Staff with In-Depth Liquidity Aggregation Knowledge

Your clients’ primary concern is to get the best price for their transactions. In turn, your customer care staff may be your clients’ first contact. How can customer care establish trust in your order execution and hedging strategy without knowing your processes?

Our book explains how LPs and brokers work in a simple and detailed way. Your staff — and even your clients — can go through our explanation and the 18 detailed scenarios to understand order placement complexity.

Your customer care staff will be able to explain how you execute client orders. They’ll also know how to assure the client that they’ll get the best prices through your order-sweeping algorithms and liquidity aggregation.

Get the Book for Free

Order-Sweeping Algorithms in Forex Trading is a great resource since it provides valuable insight into how the market works. You’ll get a deep understanding of how LPs think and offer prices for brokers. You’ll also benefit from the detailed scenarios to visualize all the steps involved in order placement and pricing.

Whether you’re a broker, an engineer, or part of the customer care staff, you will surely benefit from the educational and bias-free information in the e-book. Download your free PDF copy here!