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