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The foreign exchange market (forex, FX, or currency market) is a global, worldwide-decentralized financial market for trading currencies. Commonly traded instruments include spot, forward, swaps, futures, and options. The FX market is the most liquid financial market in the world. There is no unified or centrally cleared market.
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Initiating new orders with active "order-session" only?
Actually, it is depends where you want to trade and it is part of trading workflow of concrete counterparty. FIX protocol definition itself does not force you to subscribe on anything.
Some brokerag …