Advanced Markets
Advanced Markets Blog

FOX - Full Order eXecution

FOX – Full Order eXecution is a new feature that enables buy-side market participants to execute large trades anonymously, on aggregated multibank liquidity, in a single transaction with a single bank liquidity provider.


FOX features:

  • One fill.
  • One ticket.
  • Full amount filled at desired rate.
  • One price fill across multiple accounts.

FOX benefits:

  • Only the bank streaming the best bid or offer gets the request.
  • Only the client and liquidity provider know that trade exists.
  • No market impact due to multiple providers filling a large ticket.
  • Minimal information leakage.
  • Client anonymity.
  • Customizable amounts.