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You're reading from  Getting Started with Forex Trading Using Python

Product typeBook
Published inMar 2023
PublisherPackt
ISBN-139781804616857
Edition1st Edition
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Financial Technology
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Author (1)
Alex Krishtop
Alex Krishtop
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Alex Krishtop

Alexey Krishtop is a quantitative trader and researcher with 20 years of experience in developing automated trading solutions. He is currently the head of trading and research at Edgesense Technologies and CTO at ForexVox Ltd. He develops market models and trading algorithms for FX, commodities, and crypto. He was one of the first traders who started using Python as the ultimate environment for quantitative trading and suggested a few approaches to developing trading apps that, today, have become standard among many quant traders. He has worked as a director of education with the Algorithmic Traders Association, where he developed an exhaustive course in systematic and algo trading, which covers the worlds of both quantitative models and discretionary approaches.
Read more about Alex Krishtop

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Aggregation – in search of the best price

Do you remember that any OTC market in general, and the FX in particular, is highly fragmented? There are multiple market participants offering different prices for the same asset at the same moment in time.

This is true for any market participant and any trading venue, and ECNs are no exception. If ECNs were closed systems without any links to the outer world, then the price could potentially be very different from prices in the rest of the FX market. Indeed, if we have there an exchange-like trading venue then even though bids and asks are posted by only a small group of qualified members, the price will be determined by supply and demand, quite like in any other market. This means that price takers will be those who drive the price up or take it down. In a closed system, the price is determined only by members of this system.

It may seem that theoretically nothing prevents the price of the same euro versus the US dollar to be...

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Getting Started with Forex Trading Using Python
Published in: Mar 2023Publisher: PacktISBN-13: 9781804616857
© 2023 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Alex Krishtop

Alexey Krishtop is a quantitative trader and researcher with 20 years of experience in developing automated trading solutions. He is currently the head of trading and research at Edgesense Technologies and CTO at ForexVox Ltd. He develops market models and trading algorithms for FX, commodities, and crypto. He was one of the first traders who started using Python as the ultimate environment for quantitative trading and suggested a few approaches to developing trading apps that, today, have become standard among many quant traders. He has worked as a director of education with the Algorithmic Traders Association, where he developed an exhaustive course in systematic and algo trading, which covers the worlds of both quantitative models and discretionary approaches.
Read more about Alex Krishtop

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