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Sunday, July 27, 2008

OMS in FX vs equities

OMS is often the biggest and the core module in any trading platform that supports pending orders and FIX execution.

What are the differences between an eq OMS (see the Complete Guide) and an FX OMS?

FX is fundamentally OTC and quote-driven, not order driven as listed markets are.

Q: in FX, there's no exchange making the (irrevocable) matching?