Interdealer trading
Examples of all trades on the FM platform are in the table below. You may need them to determine the type of trade (interdealer or non-interdealer), and applied markups.
Table 1. "Types of trading".
Master A | | | ||
1 | Master A | Sub-taker of Master A | 1 | |
2 | Master A | Taker B | 4 | |
3 | Master A | Own sub-taker of Master E if Master E also acts as a Maker | Yes | 3, 9 |
3.1 | Master A | Other sub-takers of Master E | 3, 1E | |
4 | Master A | Sub-taker of Master B if Master B doesn’t act as a Maker | 6, 1B | |
5 | Master A | Taker account of Maker D | Yes | 5 |
Sub-maker of Master A | | | ||
7 | Sub-maker of Master A | Sub-taker A | 2, 1 | |
8 | Sub-maker of Master A | Taker B | 2, 4 | |
9 | Sub-maker of Master A | Own sub-taker of Master E, if Master E also acts as a Maker | Yes | 2, 3, 9 |
9.1 | Sub-maker of Master A | Other sub-takers Master E, if Master E also acts as a Maker | 2, 3, 1E | |
10 | Sub-maker of Master A | Own sub-taker of Master B if Master B doesn’t act as a Maker | 2, 6, 9B | |
10.1 | Sub-maker of Master A | Other sub-takers of Master B if Master B doesn’t act as a Maker | 2, 6, 1B | |
11 | Sub-maker of Master A | Taker account of Maker D | Yes | 2, 5 |
Maker C | ||||
12 | Maker C | Taker B | 7 | |
13 | Maker C | Own sub-taker of Master A if Master A also acts as a Maker | Yes | 8, 1 |
13.1 | Maker C | Other sub-takers of Master A, if Master A also acts as a Maker | 8, 1 | |
14 | Maker C | Own sub-taker of Master B, if Master B doesn’t act as a Maker | 10, 9B | |
14.1 | Maker C | Other sub-takers of Master B if Master B doesn’t act as a Maker | 10, 1B | |
15 | Maker C | Taker account of Maker D | Yes | 9 |
Scheme 1. The list of available markups
Last modified 2mo ago