Pricing Models - Firewalls
Firewalls are defined to render pricing indicative either temporarily or permanently if tripped.
They take into account:
Volume or PnL limits
Price spikes
Price barriers
Generic Firewalls
When triggered, generic firewalls will turn pricing indicative, which in turn brokers flow if there is a PnL loss over a period of time.
Configuration at pricing.genericFirewalls
Instrument Specific Firewalls
Instrument specific firewalls will turn individual instruments or all instruments to indicative if a spike in an instrument’s mid price is seen.
Configuration at pricing.instrumentSpecificFirewalls