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About Deltix MarketMaker

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Introduction

Deltix MarketMaker is a specialized product addressing the needs of market makers and price arbitrageurs.

In this Knowledge Base, you can find user guides and tutorials for all main system components, key functionality description, system configuration and deployment guidelines, suggested best practices and workflows, and other important information.

How to Get Started

The product is installed on your AWS instance located at an AWS data center of your choice.

Once you have made your AWS instance available, our team steps in to install and configure the system. This is a straightforward process and is usually fully completed within a few hours.

INFO
  • Refer to Deployment to view the requirements for AWS instance.
  • Refer to Requirements to view recommended configuration requirement for the Market Maker application.
  1. You select a subscription plan.
  2. Deltix MM team setups an instance of the application on Amazon AWS.
  3. We send you an email with user guides and all the supporting documentation.
  4. You configure the tradable universe, market data and trading connectors to exchanges.
  5. You configure optional components such as email service for trading event notifications and/or wallet balance monitoring service.
  6. You configure trading bot(s).
  7. You define risk limits and hedge rules.
  8. You run trading.
TIP

Trading Bots

Each instance of the trading algorithm is called a trading bot. A trader creates a new trading bot and then specifies parameters of the bot which are grouped into several categories described below.

Instrument

Use parameters in this group to specify a quoting (maker) leg, a target exchange, and a list of source exchanges. Use optional parameters to define underlying (second) and FX conversion (third) legs.

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Refer to Instrument to learn more.

Pricer

Use parameters in this group to specify bid/ask quote sizes, markups (margins) to be added to the asset base price, and the base price calculation method. Use optional parameters to setup the minimal spread between best sell and buy quotes, minimal price change (to calibrate the frequency of the order flow), and a take out rule to specify conditions for the bot to aggress on stale orders on the market.

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Refer to Pricer to learn more.

Risk Limits

Use parameters in this group to specify max long/short exposure of the bot. The limits control open quantity on the market in such a way that prevents the bot from getting long or short positions above the specified limits.

Use other parameters of this group to control max day loss and to adjust the order flow frequency.

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Refer to Risk Limits to learn more.

Hedger

Use parameters in this group to specify conditions that trigger auto-hedge: max and normal position size. Once the current position of the bot (the difference between bought quantity and sold quantity) exceeds the max limit, the hedging algorithm is activated and tries to reduce the current position size to level it with the target size (normal).

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Refer to Hedger to learn more.

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