Trading

GATElab's MiFID compliant solutions for multi-asset, cross-market price taking and market making are an integral part of its suite of trading components. It satisfies requirements in:

  • pre-trading and trading phases, with intraday risk control using traderpath and algorithmicpath
  • post-trading needs such as transaction reporting, transparency obligations, forwarding trades and orders to external position keeping and back offices systems with dealpath

traderpath offers financial institutions a single front-office platform to interact with electronic financial markets and information providers. It is a high performance environment used by traders for real time quoting and multi-asset class trading over any trading venue, with easy and cost-effective integration of external pricing servers, position keeping systems and back-office applications.

Built with a component-based architecture, traderpath uses plug-in technology to allow rapid adoption of new functionality, trading venues and information providers. Additionally, new quoting and trading strategies, built by using algorithmicpath (more info...), can be added seamlessly.

As front-office platforms produce larger transaction volumes, the issue of routing multiple instrument orders, trades and currencies efficiently and cost-effectively to position keeping, middle and back-office systems is becoming increasingly crucial.

TRADERPATH FEATURES

  • Manual-automatic quoting in regulated markets and multilateral trading facilities
  • Dissemination of prices towards information providers, internal sales force and internet
  • Market watching and trading with fast-order entry
  • Manual-automatic RFQ answering
  • Dynamic configurable operational limit per desk, group of users, single user
  • Mark-to-market position keeping system per portfolio, market, instrument
  • Third-party pricing system and position keeping system integration
  • Fast and easy building, executing and control of proprietary trading and market making models using high-level rule-based (event-actions) language
  • Fault detection and handling plus load balancing architecture
  • Internet/intranet/extranet deployment

GATElab's dealpath provides a configurable solution to address this issue. By forwarding orders and trades, (captured from a wide number of markets for multiple instruments) in real-time mode to various nonexclusive destinations such as: position keeping and risk management systems, middle and back-office systems, post-trading transaction reporting and post-trading transparency sites.

By means of user-defined dynamic rules, dealpath can both manipulate orders/trades and find the right destination for each item.

With play back and reconciliation functionalities, fault tolerance and high performance, dealpath represents the single environment for all banks and financial institutions to feed all types of post-trading systems for trade audit trail, compliance checks and order tracking in a fast and accurate way.

DEALPATH FEATURES

  • Fully scalable high performance environment
  • Fault detection and handling plus load balancing architecture
  • Multiple-source (markets) and multiple-destination (position keeping, middle-office, back-office systems) capabilities
  • Configurable order and deal rules for automatic editing and subsequent insertion
  • Playback functionalities for retrying failed routing operations
  • Reconciliation functionalities for retrieving and routing all daily activities
  • Reporting facilities for tracing all daily activities
  • Quick implementation of new gateways through proprietary language