Solutions
Depth of Market Application for MetaTrader4 allows your client to view full depth-of-book with live prices and associated quantities inside your company’s branded MT4 terminal in real time. The live display provides benefits to traders over the prevalent best bid/offer display found on most FX platforms. This is a great solution for ECN/STP brokers, and Market Depth easily integrates with our One-Click Trading application.
What is the Depth of Market?
Spreads in FX should always be considered in conjunction with depth-of-book. In FX, the larger the ticket size, the wider spread is. Depth of Market is a measure of volume available for transaction purposes for a particular instrument at a certain point in time. The best Offer (ASK) and the best BID are displayed in a table along with the capped volume available at given prices.
Is the Depth of Market Application for BBO (Best Bid Best Offer) competitive?
The DOM Application integrated with Boston Prime liquidity can support up to 12 market levels. By including a consolidated view of available liquidity from six major FX banks in our BBO system, the incoming information is much more precise and enables clients to view the market by their preferred dealing quantities. DoM is also connected to 60 FX pairs (with possibility to add more on demand) and SPOT Gold and Silver.
Benefits to the End Client: The retail trader has the full understanding of what the market conditions really are, and theoretically can build strategies around it.
Please note: The entire order will be filled at the best available price at the time the system receives it.
