FastMatch launches two new order types
The venue also makes changes to its system to improve market data rates
Trading platform FastMatch has rolled out an anti-sweep feature, with the aim of protecting liquidity providers from aggressive counterparties looking to sweep the market by disallowing matches if the parent order is larger than the LP’s quote size.
The platform has also introduced a second new order type – a dark quoting function, which allows LPs to post aggressive quotes into the system without showing the price to the market.
“If the dark price is the best price, they’ll trade. It achieves
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