Traderpath For Market-Making

traderpath for market-making is a MiFID compliant solution for multi-market, multi-asset market-making and price-taking. It is an integral part of traderpath, the service-based suite for professional trading, which fulfils requirements in:

  • pre-trade and trading operations, with intraday risk control, also leveraging algorithmicpath (please see related page)
  • post-trading space, such as transaction reporting, transparency obligations, feeding trades and orders into external position keeping and back-office systems via dealpath

traderpath provides financial institutions with a single front-office platform to interact with financial markets and data vendors. It is a high-performance environment adopted by traders for real-time quoting and multi-asset trading in any venue, with easy and cost-effective integration of internal/external pricing engines, position keeping systems and back-office applications.

Built with a service-based architecture, traderpath allows rapid adoption of new functionality, trading venues and data vendors. Additionally, new user-defined quoting, trading and hedging strategies created via algorithmicpath can seamlessly expand the toolkit of built-in algorithms.

TRADERPATH FEATURES

  • Manual/automated quoting in regulated markets and multilateral trading facilities
  • Dissemination of prices to data vendors, internal sales desks and internet
  • Market watching and trading with fast order entry
  • Manual/automated generation of RFQs (price takers) and RFQ responses (market makers)
  • Dynamic configurable operational limits per desk, group of users, single user
  • Mark-to-market position keeping per portfolio, market, instrument
  • Built-in pricing, hedging, spread/pairs trading, position keeping services
  • Integration with third-party pricing engines and position keeping systems
  • Fast and easy building, execution and control of proprietary trading/market making models using high-level rule-based (events-actions) language
  • Resilient architecture to deliver fault tolerance and load balancing
  • Internet/intranet/extranet deployment

Since front-office platforms produce ever-growing transaction volumes, routing multiple instrument orders, trades and currencies efficiently and cost-effectively to position keeping, middle and back-office systems is becoming increasingly crucial.

dealpath provides a configurable solution to address this issue. Orders and trades (captured from a large number of trading venues) in real-time mode can be routed to various non-exclusive destinations, such as: position keeping and risk management systems, middle and back-office systems, post-trade transparency and transaction reporting sites.

By means of user-defined dynamic rules dealpath can enrich orders/trades and route each one to the correct destination.

Boosted by play-back and reconciliation functionality, fault tolerance and high performance, dealpath is the single environment for all financial institutions to feed all types of post-trading systems for trade audit trail, compliance validation and order tracking in a fast and reliable way.

DEALPATH FEATURES

  • Fully scalable high performance platform
  • Resilient architecture to deliver fault tolerance and load balancing
  • Multi-source (trading venues) and multi-destination (position keeping, middle-office, back-office systems) capability
  • Configurable order and trade rules for automated data conversion/enrichment and subsequent routing to target systems
  • Playback functionality to reprocess failed routing operations
  • Reconciliation functionality for retrieving and crosschecking all daily activities
  • Reporting facility to trace all daily activities