Examples of SOLA in a sentence
FIX is a public-domain specification owned and maintained by FIX Protocol, Ltd.The High Speed Vendor Feed (HSVF) is the SOLA native data dissemination feed; it is a high speed transmission protocol which broadcasts real-time trading and statistical information from SOLA including trades, quotes, market depth, strategies, bulletins, summaries and other statistics.
Participants who intend to be Market Makers must use the native SOLA Access Information Language (SAIL) protocol.
A throttling mechanism is implemented in SOLA in order to avoid system overload in case of peaks of transactional activity.
The purpose of this document is to provide customers with the knowledge and technical details necessary for accessing and using the SOLA trading system.This Guide provides essential information for participants and independent software vendors in the functional design of their application in order to interface with SOLA using the native SOLA Access Information Language (SAIL) protocol, FIX and High Speed Vendor Feed (HSVF) protocol.
If validation is successful, SOLA accepts the message received and populates an Order ID to the order entered.
All the strike prices generated remain visible (and tradable) in the SOLA trading system until the expiration date even if no orders are entered on the days following their generation.
Series are managed in SOLA as “Instrument Series” and are identified with an Instrument ID.
If validation fails, SOLA sends an Error message (ER/TE) rejecting the message received and indicating the code for the first error detected and the message type for the message generating the error along with its User Sequence ID.
Primary Market Makers are required to respond to any Request for Quote (RFQ) they receive through their SOLA HSVF market data feed.
It supports Schedule Management functionality, and generates feeds required by all the other business domain functions (Post Trading, Market Data Dissemination as well as Order, Applications and Systems Management).The SOLA routing engine manages connections between Market Participants and the trading engine, as well as commands sent by monitoring to the SOLA trading engine.