Tag

#FIX Protocol

16articles

Last Look Without the Guesswork: How to Audit FX Hold Times, Reject Codes, and LP Behavior

Last look can protect LPs—but it can also quietly drain broker execution quality. Learn how hold times and reject codes work, what to measure, and how to monitor LP behavior in production.

April 19, 20267 min1,513

Priya Desai

FIX Onboarding Without Surprises: The Broker’s Playbook for Adding a New Liquidity Provider

A practical, end-to-end guide for brokers onboarding a new LP via FIX—covering credentials, sessions, certification, and a go-live checklist.

March 12, 202617 min2,751

Thomas Mueller

Liquidity Provider Tiers Explained (Bank, Non‑Bank, PoP, ECN): What Brokers Actually Get

Learn how bank, non-bank, Prime of Prime, and ECN liquidity differ in pricing, depth, last look, credit, and integration—plus what brokers truly receive.

March 12, 202619 min2,938

Sofía Mendes

Liquidity Bridge Architecture Explained: FIX Sessions, Symbol Mapping, Markups, and Failover

A definitive guide to liquidity bridge architecture—how FIX sessions, symbol mapping, markups, and failover work together to deliver stable pricing and execution.

March 11, 202616 min3,565

Thomas Mueller