Bridges
A bridge acts as a mediator, translating the data and messages from one system into a format that can be understood by the other system. It is used for:
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To connect different exchanges, brokers, or liquidity providers, allowing traders to access a wider range of markets and assets. For example, a trader may use a bridge to connect their trading platform to a liquidity provider's platform, enabling them to access a greater pool of liquidity and potentially obtain better prices.
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To connect different types of trading systems, such as connecting a cryptocurrency exchange to a traditional forex trading platform. This allows traders to trade cryptocurrencies alongside traditional forex pairs, providing greater flexibility and opportunities for diversification.
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They can improve efficiency and reduce latency. By connecting different systems directly, bridges can reduce the time and costs associated with manually transferring data and assets between them.
And finally, bridges can also improve the accuracy and reliability of data transfer, reducing the risk of errors or discrepancies.