Lite Equity Order Management System (OMS)
Headline
Designed, developed, deployed, operating and maintaining a Lite Equity Order Management System (OMS) for a sell side client that allows them to accept FIX order flow from clients and other venues, perform pre-trade checks, route the orders to an Execution management System (EMS) or another OMS, calculate commissions and charges and allocate trades for a faster and smoother clearing and settlement.
The system accepts client orders via FIX and has the ability for a trader to create an order flow, perform company-specific risk, compliance, and limit checks, and then release the orders to a desired OMS/EMS for execution. The system maintains full order and trade status during its lifecycle FIX, downstream and upstream both. A front end shows all order and trading activity and provides controls to manage them. An executed trade gets allocated automatically for seamless clearing, settlement and reporting purposes. The product was built, certified for execution, and deployed for use by traders and middle office in 18 weeks (about 4-5 months).
Key highlights
Unified platform for equity trading, seamlessly integrating order receipt, routing, execution, and post-trade workflows.
Harnessing the power of the FIX protocol ensures standardized and efficient communication for order representation and execution across the financial ecosystem.
Intelligent routing algorithms optimize order execution by dynamically selecting the best venues based on factors like liquidity, price, and execution speed.
Direct routing capabilities enable fast and efficient access to exchanges and execution venues, reducing latency and enhancing trade execution speed.
Integration with a suite of algorithmic trading strategies empowers traders to execute orders with precision, leveraging sophisticated algorithms tailored for different market conditions.
Real-time market data feeds keep traders informed, providing up-to-the-minute information on asset prices, bid-ask spreads, and trading volumes.
Streamlined post-trade workflows automate trade matching, confirmation generation, settlement, clearing processes, and trade allocation to enhance operational efficiency.
Pre-trade compliance checks ensure regulatory and internal policy adherence, while real-time risk monitoring helps manage exposure and comply with risk limits.
An intuitive dashboard offers a user-friendly experience, allowing traders to efficiently monitor order status, receive alerts, and access real-time analytics.
Robust reporting features, including trade blotters, execution analysis, and custom report generation, empower traders with valuable insights for decision-making.
Workflow automation streamlines post-trade processes, while event notifications keep users informed about significant milestones in the trade lifecycle.
Empower Equity Trading Journey with OMS and get trustworthy results. Contact us for more information today!
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