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Trade Execution System

An independent agency front-end platform with institutional buy- and sell-sides for more efficient management and control of trading and execution processes across multiple asset classes.

Customer

The customer, a leading provider of market access and trade execution services, addressed EffectiveSoft with the request to enrich the existing client part of the system with a number of new features, as well as extend the functionality of the server part.

Solution

The team at EffectiveSoft optimized the system architecture and its scalability. To meet the customer’s objectives, our engineers enhanced the trading software system with the following key features:

Tools for the evaluation of the traders’ performance (for better control over the execution processes)
Order entry and management
Algorithms for smart order execution
Customized reports for traders and their back offices enabling clients to review daily transactions and other critical data
Integration with prime brokers to receive start-of-day information, upload trade allocations, handle OATS (Order Audit Trail System) and other reporting requirements
An option to customize the system to each trader’s screen specifications
A single gateway to fragmented liquidity destinations: public and dark
Aggregated, low-latency market data and ECN books
Integration with a variety of systems: internal, OMS, trading, and third-party providers
Connection to EMS via FIX (Financial Information Exchange) or via other trading and order management systems
FIX-based order staging/drop-copy
Automated back-office compliance tools

Technologies & Tools

Oracle 9i, Tomcat Application Server, JProfiler, Eclipse, IntelliJ IDEA, Ant, Java EE(JTA, JMS, JDBC, JMX, e-mail), Struts, Java Web Start, Java Beans, XML, Swing, Trove, CVS, JUnit, FogBugz.