We get this question often when speaking with prospective customers. The answer? Probably – and for most users, it doesn't matter whether we do or not.
How Molecule gets exchange trades
If you trade on any of the exchanges where Molecule has FIX adapters – ICE, CME, or Nodal Exchange – Molecule gets your trades from the exchange a few seconds after they clear, full stop.
No additional interfaces are needed to get your trades in: not to your FCM, clearing broker, TT, CQG, or anything else.
What Molecule does with FCM files
Molecule connects to an ever-growing number of FCMs (13 at last count) to download their statements as a check every day. We compare what the statement says to what Molecule has from a position perspective – because that's one of the most likely places for things to go out of sync. If we get position right, it's likely everything else is in line.
Can you also reconcile trade prices and fees with my FCM?
We're working on it.
Can you tell me what my margin needs to be or reconcile cash?
That would require us to have a SPAN engine on our platform (for ICE and CME) – and we don't have that today. With the data we collect, we can get close to reconciling cash – see more on our Knowledge Base.
Incidentally, if you know how SPAN works, and would like to help us figure it out – hit us up!