Overview
Features
Functionalities
Benefits

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.

Core Features

Pricing Options

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.

Risk Management

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.

Key Functionalities

Overview
Provides lists of defined currency pairs, views for inbound and outbound prices as well as blotters to show your position, orders, and deals.
Pricing Controller
Enables the creation of different core prices for each defined currency pair and adjustments with spreads and/or skewing.
Risk Management
Defines risk parameters for each currency pair and position as well as management rules based on set triggers and alerts.
Reference Price Finding
Enables the selection of price provider(s) and fully customisable pricing tiers, etc.
Cross Rate Management
Creates your own cross rates and manages the price and risk of the cross rate legs.

Benefits

Transparency
Various blotters keep the user informed in real-time about incoming client orders, outgoing hedge orders, trades, and positions. A sophisticated pricing monitor allows you to keep an overview of the inbound/outbound spread and skew across multiple instruments and pricing channels.
Safety
Apply-to-all button provides an easy safety valve for fast trading times. “Stop all” halts all pricing functionality.
Time Savings
Launched from a single sign-on applet, the MMC requires only minimal user configuration to start. An initial setup to manage a few currency pairs can be done within a few minutes and then it is ready to use.
Better Pricing
Fully leverage your Bank basket and available liquidity to provide competitive prices to your clients and maximise your position.

Market Maker Cockpit

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