Summary
In this chapter, we learned about the different ways a market can be organized and operated. We familiarized ourselves with key concepts such as exchange, order book, and liquidity, noted the possible impact of various factors on price behavior, and discovered important intrinsic factors that may negatively affect the performance of a trading strategy. With all this fundamental knowledge in mind, we’re ready to move on to study the architecture of a trading application in detail, to see what we should use in order to meet the challenges of the modern FX market. This is what we’re going to do in the next chapter.
