Imported from previous forum
Dear Madam/Sir:
I would like to know whether we can invoke the following modes for trading in the international markets:
Auctions and Tenders: we are designing a multi market order routing system, where we wish our clients to participate in commodity auctions, in different exchanges of the world. these auctions would be different from typical auctions in the security markets. if i want my clients to participate in a live auction in a chat mode can i organize that within the FIX protocol. the Fix protocol based system should be able to recognize the bid, and validate with the limits set by the broker/agent for the client.
has anybody tried this and is it possible?
also a similar environment may be set for the tender bid system.
when the client crosses the limit, he would be informed of the same and also may be an margin call be triggered by the system.
please advise
thx and regards…
sanjay bafna