ConceptIntermediate
Composite Liquidity
A blended liquidity stream constructed by aggregating quotes from multiple liquidity providers into a single unified feed.
Last updated: February 1, 2026
1
Multiple liquidity providers stream real-time quotes to the broker's aggregation engine.
2
The engine combines (composites) the best bid and ask prices from all providers.
3
The resulting composite stream offers tighter effective spreads than any single LP.
4
Client orders are executed against this blended liquidity pool.
5
The composite approach provides deeper effective market depth for larger orders.