Our Market Maker Cockpit gives Liquidity Providers the flexibility and confidence to take full control of their FX pricing.
It’s critically important for Liquidity Providers to be in control of their pricing at all times. They need to be able to define their prices based on factors such as customer relationships, current risk positions and market conditions for every single currency pair they trade. A high-performance but also flexible pricing engine is key to enabling firms to maintain and grow a profitable dealing business. That is why 360T developed the Market Maker Cockpit (MMC), which was specifically designed to put Liquidity Providers in the pilot seat, allowing them to dynamically manage and control their pricing according to their individual needs.
The MMC offers sophisticated tools through various strategies and parameters to derive a trusted reference price or inbound price out of a pool of available Liquidity Providers. With respect to outbound pricing, rules can be set to automatically skew prices in a direction that will make your open position attractive to clients. For pegged currencies, the MMC also offers an option to configure fixed prices for various pricing tiers.
Automated risk management is an integrated part of the MMC. Users can monitor positions and P/L in real-time via the MMC GUI position blotter. The system caters to a wide array of risk management options, including: back-to-back, flow hedging and managed positions.
Automated Flow Management
Traditionally managing FX Spot risk requires traders to continuously monitor currency positions and P/L. The integrated risk management rules engine allows you to setup an arbitrary number of rules that automatically adjust prices, positions, and hedging. Rules can also be used to automatically adjust your open positions, e.g. by reducing them to a certain size or closing the position. These rules can be triggered on various conditions such as position size, open, or total P/L, and more.