Sunday, August 29, 2010

EES releases FXDF Forex Strategy Documentation Framework
A framework for writing strategy manuals & documentation is needed. Having a standard for documentation of FX strategies will help document writers, by providing an easy to use template, which will increase organization. It will help users understand documents as they will become familiar with the standard and will understand how to use the document and where they can find specific information. FIX provides a standard for trading APIs, and most liquidity providers and FX trading banks have relatively few differences between FIX versions. However, the difference between strategies and their documentation is huge. A developer's work in many cases is only as good as his documentation. If something happens to him (such as "FX Burn Out") and others are forced to re-create his work, this can be difficult without clear, structured documentation.