Forex Trading Details
5 stars based on
It operated between and Several months later, GlobalNetFinancial. As one of the earliest providers of open-access FX e-trading Matchbook FX received considerable acclaim for its efforts to instigate change and level the playing field in the insular, closed, clubby, and highly profitable domain of interbank Forex dealing, likely to the chagrin of the forex html international money center banks.
Matchbook FX was forex html in as one of Silicon Alley Reporter Magazine's "12 to Watch", its annual listing featuring top internet companies. Despite on-line FX " e-trading " being rare at the time Matchbook FX's ECN approach was considered unique by market participants because of its stated aims to democratize the Foreign Exchange market  by empowering all " Buy side " FX participants including retail traders and institutions to be, for the first forex html, Market Makers forex html Price Makersinstead of only Price Takers.
Matchbook FX functioned as an open limit order-book, also known as forex html Central Limit Order Book or CLOB - similar to an online exchange - where any participant subscribed to the network could either post its own bids forex html offers just like a market makeror immediately trade on any other existing bids and offers for a given currency. This process allowed users to join or better the prevailing prices in the network and thus directly impact and tighten the bid-ask spread widths on which they traded.
Matchbook FX was also unique in that, in addition to its own user-generated bids and offers, it was the first ever e-FX trading platform to feature dynamic fully automated, executable streaming currency prices as opposed to Request for Quotation "RFQ" driven prices contributed directly from a major FX bank rumored to have been Deutsche Bank .
Though such a configuration is now commonplace, it was widely considered by those in the industry to be a technological innovation in Forex html types of FX brokers are forex html referred to as "bucket-shops"  because most customer trades are not immediately offset, but simply accumulated in the broker's forex html and are managed, either actively or passively, at a later time.
The implosion of the dot-com bubble in severely hindered Matchbook FX's ability to raise continued operating forex html. The stock price of GlobalNetFinancial. ByMatchbook FX was sold to a consortium of investors who made the decision forex html discontinue the Matchbook FX brand.
From Wikipedia, the free encyclopedia. Matchbook FX Former type. Archived from the original on Finance Magnates Financial and business news. Retrieved from " https: Online brokerages Stock market Foreign exchange companies Foreign exchange market Currency.