Cboe's Solution for Large Order Risk Transference with Low Impact
Cboe's Full Amount technology consolidates streaming price feeds from the market's premier liquidity providers into a single best price at each desired size level, resulting in an efficient tool to access and manage liquidity. Liquidity consumers transact against the best quote from a single LP that satisfies the full amount of the order to ensure minimal information leakage and reduced slippage.
As a Market MakerLeverage Cboe's technology, credit, and clearing infrastructure to reduce cost, and to distribute pricing with the assurance of being the full size of the incoming order.
As a Price Taker
Utilize the same API as the Cboe FX ECN to discretely transfer risk with high fulfilment opportunity and low market impact.
Access & Reporting
Clients may access their Full Amount liquidity pool using FIX order entry or the Hotspot GUI. Real-time market data is available via ITCH. Both Market Makers and Price Takers benefit from targeted reporting to evaluate execution quality.
How Cboe's Full Amount Technology Works
- Clients build their Cboe Full Amount pool from a selection of preferred liquidity providers or may choose to interact with anonymous streams determined by Cboe's liquidity analytics.
- Clients select from 60+ currency pairs and custom size levels up to 100M that they want their liquidity pool to stream to them.
- Configured liquidity providers provide continuous non-firm quotes on which the client can transact.
- Price feeds are aggregated so the client can see best available prices and full depth of market via ITCH or GUI. Trades are only executed against a single quote that results in the Full Amount of the order being fulfilled.
To learn more, please contact [email protected]