FXall boosts matching engine
FXall says it has upgraded its matching algorithms and Accelor technology, the backbones of its Order Book and FXall trading platforms, with the result that peak order capacity has been increased by 50% and tail latencies, which impact client execution speed at the 95th percentile, have been reduced. I don’t have any idea what the last bit means either, but it sounds impressive. The result is that mean order latency has been reduced by 75% and average take-out latency by 40%.
“Active trading clients care about both execution speed and fill rate. Our matching engine delivers 90% fill rates on average for clients, with many seeing 100% of orders filled on a consistent basis,” says Minor Huffman, FXall’s chief technology officer.
“This latest increase in performance has resulted in deeper liquidity and positive client feedback on the responsiveness and ability of our platform to execute trades quickly... This development empowers clients to take advantage of access to anonymous and streaming bank liquidity with the trading strategy most suited to their requirements,” adds Phil Weisberg, the company’s chief executive.