Hybrid Solutions is
glad to launch the VertexFX Smart Dealer Application, you can now do
your entire dealing and chatting screen work with just modifying some
settings only once.
After setting your margins and waiting times that will be discussed
later. Your VertexFX Smart Dealer will do the rest of the work. VertexFX
Smart dealer will receive the chatting orders, accept and re-quote them
according to specific rules.
The order will wait a number
of seconds before being treated and processed, during that, the VertexFX Smart
dealer will accept the prices of the symbol the order is requested for, and
every tick, a “Best Price to be covered” will be stored; the best price is the value of the
highest price than the requested price for Buy orders, and the least price than
the ordered price if the order was sell, that have ticked during the waiting
time.
After the waiting time is
finished, the VertexFX Smart Dealer will re-quote the order for the best price,
or accept it if no best price was captured. An acceptance margin can also take
place, while you want to accept Buy orders, although they are a bit higher than
the ordered prices, or less in the Sell case, you can set for these symbols what
is called acceptance margin, this acceptance margin can take different values
for different symbols, the VertexFX Smart Dealer will not re-quote to the best
price while it is in the acceptance margin interval.
Moreover, in the log of the smart dealer, every transaction performed by the
dealer is visible. Also, the loading of the symbols is automatically updated on
the smart dealer with just having to re-login into it. Furthermore, it provides
you with an option to chose the market price to give it to your customers rather
than the best price.
VertexFX Smart Dealer ensure a higher Availability, stability and reliability
since it is provided with automatic login, automatic re-login and automatic
switching for chat after logging in. So you can leave the VertexFX Smart Dealer
do the dealing job alone for along time.