Summary
In this chapter, we familiarized ourselves with the core terminology and key concepts of FX markets, learned about counterparties and transactions, understood the intrinsic issues with market data, reviewed various risks, and drafted the first mockup of a trading application’s architecture. We now know that a robust trading app is more about risk management, checking various situations that may happen in real life before and after the trade, and making corrections on the fly. This is what makes the development of trading apps different.
In the next chapter, let us see how using Python in algo trading helps improve the research and development of trading applications.
