V-Orders
The Velocity OrderBook engine has the following functions:
- It manages the submission of new FX orders.
- It monitors all active FX orders and will issue alerts when individual orders near and then meet or fail their market entry criteria.
- When criteria are met, it will execute market entry for nominated FX orders, placing Market & Limit orders into the ECN or Bank E-Trading system.
- It maintains a historical database for all FX orders providing linkage information to active eSpeed Market & Limit orders and done trades.
- It maintains an audit database of all changes made to submitted FX orders.