{"id":7345,"date":"2025-12-09T17:51:02","date_gmt":"2025-12-09T23:51:02","guid":{"rendered":"https:\/\/librarytestdev.wpenginepowered.com\/?post_type=doc&#038;p=7345"},"modified":"2025-12-16T17:28:44","modified_gmt":"2025-12-16T23:28:44","slug":"cboe-fx-overview","status":"publish","type":"doc","link":"https:\/\/library-staging.tradingtechnologies.com\/setup\/exchanges-americas\/cboe-fx\/description-cboe-fx\/cboe-fx-overview\/","title":{"rendered":"Cboe FX Overview"},"content":{"rendered":"\n<!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file-->\n\n  \n     <!-- in source YML header, should also match the filename\/url -->\n       \n        \n\n        \n      \n          \n      \n\n\n <!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file-->\n\n  \n    \n\n\n\n\n\n\n\n \n\n<h2 id=\"overview\">Overview<\/h2>\n\n<p>TT\u00ae provides access to Chicago Board Options Exchange (Cboe) FX, which is an OTC market that offers trading of spot FX, spot precious metals, and FX Non-Deliverable Forwards (NDFs). Cboe completed its acquisition of the Hotspot FX market in January of 2015 and rebranded it as Cboe FX.<\/p>\n\n<h2>Cboe Exchange API<\/h2>\n\n<p>TT\u00ae supports the following:<\/p>\n\n<ul>\n    <li>Prices: Itch protocol<\/li>\n    <li>Orders: FIX protocol<\/li>\n<\/ul>\n\n<h2>Matching Algorithms<\/h2>\n\n<p>Cboe FX matches orders with a unique priority based on the following:\n<\/p><ol>\n    <li>\n        <p>Price<\/p>\n    <\/li>\n    <li>\n        <p>Firm versus Non-Firm<\/p>\n    <\/li>\n    <li>\n        <p>Time<\/p>\n    <\/li>\n\n<\/ol>\n\n\n<h2>Cboe FX Matching Engine<\/h2>\n\n<p>Currently, TT offers connectivity through the New York Sweepable matching engine.<\/p>\n\n\n<h2>Market Depth<\/h2>\n\n<p>Currently, the exchange provides a maximum of twenty (20) levels of market depth for all products. TT receives market\n    depth directly from\n    the exchange and forwards it to the client trading applications.<\/p>\n\n\n<h2>Cboe FX Trading Hours<\/h2>\n\n<p>Cboe FX is a 24 hour exchange. The trading hours of the platform begin on each Sunday at 5:00 p.m., United States\n    Eastern Time (New York City), and end on the following Friday at 5:00 p.m., United States Eastern Time (New York\n    City). The Platform is closed on Christmas Day and on New Year&#8217;s Day.<\/p>\n\n<p>In addition, the &#8216;trade date&#8217; may differ from the &#8216;calendar date&#8217;. For Cboe FX, a trade date start time is 5:00pm\n    United States\n    Eastern Time (New York City), which differs from a calendar date start time which is 12:00am United States\n    Eastern Time (New York City).<\/p>\n\n<p>This means that an order placed on Nov 17, at 4:30pm EST, the trade date is Nov 17 and the calendar date is Nov 17.\n    While an order placed on Nov 17, at 5:30pm EST, the trade date equals Nov 18 while the calendar date is Nov 17.<\/p>\n\n<!--\n\n\n\n<h2>Cboe Match Trade Prevention (Self Match Prevention) support on TT<\/h2>\n\n<p>TT supports the <a href=\"https:\/\/cdn.cboe.com\/resources\/features\/Cboe_Options_MTP.pdf\">Cboe Match Trade Prevention\n        (MTP)<\/a> (Self Match Prevention) functionality on a per account basis. To configure MTP, refer to <a\n        href=\"cbo-adding-a-cboe-account.html#mtp\">Adding a Cboe Account<\/a>.\n\n\n\n<h2>Supported exchange functionality<\/h2>\n\n<p>TT supports the following Cboe functionality:<\/p>\n\n<ul>\n    <li>Strategy Creation\n    <li>Cancel on Disconnect\n<\/ul>\n\n<p><b>Note<\/b>: Cancel on Disconnect is set by the exchange by default. There is no configuration needed in TT to enable\n    or disable this functionality.<\/p>\n--->\n\n<h2>Unsupported Exchange Functionality<\/h2>\n\n<p>The following Cboe FX functionality is not supported on TT:<\/p>\n\n<ul>\n    <li>\n        <p>Full Amount<\/p>\n    <\/li>\n    <li>\n        <p>Peg orders: Peg orders automatically adjust their price based on the user&#8217;s chosen settings. This order is matched against all available prices on Cboe&#8217;s electronic communication network (ECN).<\/p>\n    <\/li>\n    <li>\n        <p>Algo orders: Cboe FX allows users to use a special algorithm for foreign exchange trading via API, hosted by XTX Markets Limited. Users can submit orders through the algorithm, leading to transactions with the algo provider.<\/p>\n    <\/li>\n\n\n<\/ul>\n\n<p>More details can be found at: <a href=\"https:\/\/cdn.cboe.com\/resources\/fx\/operation.pdf%20\">https:\/\/cdn.cboe.com\/resources\/fx\/operation.pdf <\/a>.<\/p>\n\n\n\n\n<h2>Connectivity Options<\/h2>\n\n<p>The TT\u00ae platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to <a href=\"\/user-setup\/tt-access-overview.html\">TT Access<\/a> for more details about your connectivity options for connecting to TT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file--><\/p>\n<p>     <!-- in source YML header, should also match the filename\/url --><\/p>\n<p> <!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file--><\/p>\n<h2 id=\"overview\">Overview<\/h2>\n<p>TT\u00ae provides access to Chicago Board Options Exchange (Cboe) FX, which is an OTC market that offers trading of spot FX, spot precious metals, and FX Non-Deliverable Forwards (NDFs). Cboe completed its acquisition of the Hotspot FX market in January of 2015 and rebranded it as Cboe FX.<\/p>\n<h2>Cboe Exchange API<\/h2>\n<p>TT\u00ae supports the following:<\/p>\n<ul>\n<li>Prices: Itch protocol<\/li>\n<li>Orders: FIX protocol<\/li>\n<\/ul>\n<h2>Matching Algorithms<\/h2>\n<p>Cboe FX matches orders with a unique priority based on the following:\n<\/p>\n<ol>\n<li>\n<p>Price<\/p>\n<\/li>\n<li>\n<p>Firm versus Non-Firm<\/p>\n<\/li>\n<li>\n<p>Time<\/p>\n<\/li>\n<\/ol>\n<h2>Cboe FX Matching Engine<\/h2>\n<p>Currently, TT offers connectivity through the New York Sweepable matching engine.<\/p>\n<h2>Market Depth<\/h2>\n<p>Currently, the exchange provides a maximum of twenty (20) levels of market depth for all products. TT receives market<br \/>\n    depth directly from<br \/>\n    the exchange and forwards it to the client trading applications.<\/p>\n<h2>Cboe FX Trading Hours<\/h2>\n<p>Cboe FX is a 24 hour exchange. The trading hours of the platform begin on each Sunday at 5:00 p.m., United States<br \/>\n    Eastern Time (New York City), and end on the following Friday at 5:00 p.m., United States Eastern Time (New York<br \/>\n    City). The Platform is closed on Christmas Day and on New Year&#8217;s Day.<\/p>\n<p>In addition, the &#8216;trade date&#8217; may differ from the &#8216;calendar date&#8217;. For Cboe FX, a trade date start time is 5:00pm<br \/>\n    United States<br \/>\n    Eastern Time (New York City), which differs from a calendar date start time which is 12:00am United States<br \/>\n    Eastern Time (New York City).<\/p>\n<p>This means that an order placed on Nov 17, at 4:30pm EST, the trade date is Nov 17 and the calendar date is Nov 17.<br \/>\n    While an order placed on Nov 17, at 5:30pm EST, the trade date equals Nov 18 while the calendar date is Nov 17.<\/p>\n<p><!--\n\n\n\n\n\n\n\n<h2>Cboe Match Trade Prevention (Self Match Prevention) support on TT<\/h2>\n\n\n\n\n\n\n\n\n\n<p>TT supports the <a href=\"https:\/\/cdn.cboe.com\/resources\/features\/Cboe_Options_MTP.pdf\">Cboe Match Trade Prevention\n        (MTP)<\/a> (Self Match Prevention) functionality on a per account basis. To configure MTP, refer to <a\n        href=\"cbo-adding-a-cboe-account.html#mtp\">Adding a Cboe Account<\/a>.\n\n\n\n\n\n\n\n<h2>Supported exchange functionality<\/h2>\n\n\n\n\n\n\n\n\n\n<p>TT supports the following Cboe functionality:<\/p>\n\n\n\n\n\n\n\n\n\n<ul>\n    \n\n\n\n<li>Strategy Creation\n    \n\n\n\n<li>Cancel on Disconnect\n<\/ul>\n\n\n\n\n\n\n\n\n\n<p><b>Note<\/b>: Cancel on Disconnect is set by the exchange by default. There is no configuration needed in TT to enable\n    or disable this functionality.<\/p>\n\n\n\n\n---><\/p>\n<h2>Unsupported Exchange Functionality<\/h2>\n<p>The following Cboe FX functionality is not supported on TT:<\/p>\n<ul>\n<li>\n<p>Full Amount<\/p>\n<\/li>\n<li>\n<p>Peg orders: Peg orders automatically adjust their price based on the user&#8217;s chosen settings. This order is matched against all available prices on Cboe&#8217;s electronic communication network (ECN).<\/p>\n<\/li>\n<li>\n<p>Algo orders: Cboe FX allows users to use a special algorithm for foreign exchange trading via API, hosted by XTX Markets Limited. Users can submit orders through the algorithm, leading to transactions with the algo provider.<\/p>\n<\/li>\n<\/ul>\n<p>More details can be found at: <a href=\"https:\/\/cdn.cboe.com\/resources\/fx\/operation.pdf%20\">https:\/\/cdn.cboe.com\/resources\/fx\/operation.pdf <\/a>.<\/p>\n<h2>Connectivity Options<\/h2>\n<p>The TT\u00ae platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to <a href=\"\/user-setup\/tt-access-overview.html\">TT Access<\/a> for more details about your connectivity options for connecting to TT.<\/p>\n","protected":false},"author":2,"template":"","meta":{"_acf_changed":false,"footnotes":""},"docs-category":[666],"class_list":["post-7345","doc","type-doc","status-publish","hentry","docs-category-description-cboe-fx"],"acf":[],"_links":{"self":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc"}],"about":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/types\/doc"}],"author":[{"embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7345\/revisions"}],"wp:attachment":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/media?parent=7345"}],"wp:term":[{"taxonomy":"docs-category","embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/docs-category?post=7345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}