[ Baxter Solutions // online trading systems ]

TrackWheel - the Market Making Device

The core function of TrackWheel is to allow the dealer to monitor and manipulate clean prices before passing them to the clients. In normal operation, the TrackWheel will take the clean price and add the Market Maker's defined spread (and possible skew). The dealer can stop prices being broadcasted or control prices in manual mode

The TrackWheel constitutes of three elements:

TrackWheel Device

It is the hardware specially designed for the effective use of TrackWheel Interface.
Three keys and a wheel is placed on the device allowing the dealer to change the spreads and mid-prices in a very efficient and fast way. When the market movements are not traceable any more, a "panic button" helps to stop delivering prices.

TrackWheel Server

For each currency-pair a TrackWheel Server is set up, which handle the transmission and the authorization of Clients. Each currency-pair can be accessed and manipulated by only one Client at the same time for exclusivity reasons.