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The solution prevents liquidity segregation, creating orders in one of the books from two other books.
Trades being generated from orders based on other books mean more trades and greater product liquidity.
While more orders and trades are generated on the books, spreads will become narrower over time as there will be more investors participating in the market.
When trading some strategies, such as EDS, costs are lower than trading via outrights. This, combined with high liquidity, enhances gains.
The Implied Project will bolster the strategy market, enabling greater operational efficiency and better total operating costs.
In the first phase of the project, which will cover the DI and DAP market, the gain in operational efficiency will be quite relevant. Today, market participants build their strategies mainly via EDS, due to greater operational and cost efficiency. However, in the case of the DI1 Futures Contract, mainly due to its high liquidity, clients end up having to choose between one of the order books. The Implied Project will put an end to this dichotomy.
11/25/2024
PENDING REGULATORY APPROVAL
Catalog changes
Technical specifications for FIX and Binary EntryPoint, UMDF FIX/FAST, UMDF Conflated and UMDF Binary protocols and their dictionary/template files
Main systems
Trading Engine, ePuma
Main related functions
To be defined
Certification roadmap
In definition
What is the Sinacor version?
No impact