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eFX questions, just started on a trading floor

Dan Kho

Joined
12/14/13
Messages
5
Points
11
hi guys, I'm working on a trading floor as IT guy, some terminology still not clear for me (sorry, started to work a week ago). Please help to understand what all these things mean:

-leaves quantity
-reserve, also reserve vs leaves quantity
-fills
-pegging
-order vs deal vs trade
-transmuter
-conflation
-instrument partition
-respawning
-throttle
-slippage
-minimum quote life (MQL)
-RTM (reuters something?)


Will be thankful if you may give more information about some of these terms, also will be great if you give me links to website where I may read more about FX markets connectivity and underpinning details.
 
Seriously? You're

a) working in a trading position, presumably the entry requirements were high, and
b) you're specifically working in an IT role, and yet somehow
c) you don't know how to, or are too lazy to, use Google?

Come ON guys... try even a SLIGHT attempt to find out some of this stuff yourselves before you post and expect the rest of the community to mother you with solutions to questions that would easily be resolved by yourself with even a few minutes effort.

I wish you well in your new job, but try exercising a little initiative and you might find things easier and you'll get up to speed quicker, making you more valuable (and thus less expendable) to your new employers.

Good luck.
 
Try Investopedia for the basic trading lingo, e.g. slippage, fill, etc. When googling, it helps to add auxiliary terms like "trade" or "trading" or "execution" to help whittle down results. There's also a book on algo trading and DMA by Barry Johnson that I like a lot.

If someone says some acronym or term to you and you really don't know, just ask them what they mean. If you're starting out and got hired with your background, your supervisor should understand you're going to need a little time to get up to speed. It's much worse to ask later, especially since you'll have missed myriad opportunities to learn in the mean time.
 
daleholborow said:
Seriously? You're

a) working in a trading position, presumably the entry requirements were high, and
b) you're specifically working in an IT role, and yet somehow
c) you don't know how to, or are too lazy to, use Google?

Come ON guys... try even a SLIGHT attempt to find out some of this stuff yourselves before you post and expect the rest of the community to mother you with solutions to questions that would easily be resolved by yourself with even a few minutes effort.
Click to expand...

Ah, yeah, seriously. I spent a couple of hours yesterday to find out what throttle means. Have you tried to google yourself? It is not that easy to find liquidity providers specific, it is not just plain FX.


I wish you well in your new job, but try exercising a little initiative and you might find things easier and you'll get up to speed quicker, making you more valuable (and thus less expendable) to your new employers.

Good luck.
Click to expand...

Thanks.
 
C S said:
Try Investopedia for the basic trading lingo, e.g. slippage, fill, etc. When googling, it helps to add auxiliary terms like "trade" or "trading" or "execution" to help whittle down results. There's also a book on algo trading and DMA by Barry Johnson that I like a lot.

If someone says some acronym or term to you and you really don't know, just ask them what they mean. If you're starting out and got hired with your background, your supervisor should understand you're going to need a little time to get up to speed. It's much worse to ask later, especially since you'll have missed myriad opportunities to learn in the mean time.
Click to expand...


Thanks, mate. The book looks great, just ordered.
 
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