As a platform, there are often dozens of trading products. Due to various reasons, the quotation of individual products may stop. It is difficult to find this situation at the first time.

The FT-TS quotation monitoring system can realize real-time monitoring of all trading product quotations. Once a certain product quotation is found to be interrupted for a certain period of time, an alarm will be issued immediately, so that the problem can be found and solved at the first time, and unnecessary negative effects and losses can be avoided.

The quotation operation processing module is the core of the quotation engine, which can be divided into risk control mechanism, quotation strategy control, and real-time monitoring mechanism.

In：

• The risk control mechanism is mainly used to: verify the validity and volatility of the imported original quotation;

• 
  

• The quotation strategy control is mainly used to: perform high-performance calculations on the original quotations filtered by risk control (such as: best price, worst price, arithmetic average price, weighted average price, cross-distribution calculation price, etc.), and for different currencies Set a differentiated quotation strategy, and then add the spread as the risk value on the basis of this price, and then return the price to the customer.

• 
  

How to formulate a quotation strategy depends on market factors and operational objectives. A mature system will access multiple quotation sources, take an average price on the basis of all quotations, add margin and make external quotations, and then the system will select the channel with the best price as the counterparty for delivery.

Of course, if the operating goal is to maximize revenue, then the quotation strategy can also be formulated as selecting the worst quotation + spread to the customer, and then using the best price as the transaction price.

In addition, if it is a market maker's quotation system, the design will be more complex and professional. In addition to the quotation engine system, it is also necessary to add a currency circulation system to monitor and update the currency circulation in the market in real time. In the quotation model, in addition to the buying and selling price, the maximum allowable transaction corresponding to the buying currency and the selling currency will be returned to the customer.

The real-time monitoring mechanism is mainly used for abnormal monitoring of quotation sources, including quotation source timeout, Ask/Bid zero, or upside down. When a quotation source is abnormal, the system gives an early warning and supports automatic or manual switching to other quotation sources to ensure the reliable operation of the system.