Toxic Flow Protection

Alternatively "Speed Bump" or "Latency-Floor"

Finery Markets requires liquidity providers to stream firm quotes, is there a mean of protection from HFT or Toxic Flow?

Yes, there is. Under our operating rules, all orders coming from Takers are considered to be aggressive. These include MarketFOK, MarketIOC, LimitFOK, and LimitIOC. There is a latency floor for these orders types.

How does the latency floor work?

All aggressive orders are delayed by 50 milliseconds.

Can I have multiple price streams within Finery Markets?

  1. Yes, you can establish several price streams for different client groups and show it to different client groups accordingly

  2. Alternatively, you can run a single price stream and use Finery Markets markup management tool to establish several price streams on per client level within Finery Markets

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