What are the alert mechanisms provided to the dealer in Order Matching Mode?
FX-CLEAR supports some alert mechanism in its Order Matching Mode. The system will alert the user in following cases:- 1). Quantity Freeze: If the quantity of the order being placed exceeds a predefined quantity say 5 Mio then an alert is thrown to the dealer. 2). Price Freeze: If the price of the order being placed lies beyond the predefined price range on either side of the LTP (Last Traded Price) then again an alert is thrown to the dealer. Once an alert is thrown, the dealer has the option to either to modify the order or continue with the same order.
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