Traderpath For Brokering

traderpath for brokering is a MiFID compliant solution for multi-market, multi-asset electronic trading comprising of an Order Management System, Execution Management System and a Smart Order Router.

These form an integral part of traderpath, a modular-based suite of services for professional trading, which provides:

  • broker-to-dealer connectivity via FIX standard protocol using fixpath
  • pre-trade and trade execution through traderpath OEMS (Order and Execution Management System) in conjunction with traderpath SOR strategies
  • systematic internalisation of orders using the exchangepath matching engine (please see related page).

Buy-side firm trading desks can use traderpath OMS to submit orders to a broker via fixpath, which converts requests (and related responses) into the FIX protocol format. At the opposite end sell-side firms (brokers) receive buy side orders via FIX messages, handled by fixpath, and feeds them into traderpath EMS so that they can be managed and/or automatically sent to the market. Execution reports of requested operations are notified to the buy-side firm via the same FIX channel.

Traderpath OEMS allows the quick and efficient handling and execution of orders and synthetic orders such as: care orders, basket orders, stop-loss orders, etc. or via customised trading strategies created in algorithmicpath (i.e. TWAP, VWAP, Arrival Price, POV, OCO, etc.).

A dealer's orders can be submitted to traderpath OEMS via:

  • fixpath
  • traderpath API
  • traderpath GUI through VPN for institutional clients or through HTTPS for retail clients

and they can be quickly routed to external target markets or internally managed by sales desks, either manually via care orders or automatically via predefined algorithms.

Both manual and automated workflows can partially or totally cross orders in an internal market for Systematic Internalisation, implemented via exchangepath if required, with any remaining orders sent to external markets.

Traderpath OEMS features

Internal dissemination of prices from many different markets and data vendors

Manual and automated execution management

Dynamic configurable operational limits per firm, desk, user, user group

Marked-to-market position keeping per portfolio, market and instrument

Internal pricing and position keeping systems

Integration with third-party pricing engines and position keeping systems

Smart Order Routing across trading venues with different workflows

Fast and easy building, execution and control of proprietary trading models using high level rule-based (events-actions) language

Resilient architecture to deliver fault tolerance and load balancing

Internet/intranet/extranet deployment

Fixpath

fixpath is the complete solution for buy-side dealer to sell-side broker connectivity via FIX standard protocol.

Fixpath enables brokers to receive orders from institutional and retail customers, then forward them to other brokers and trading venues via FIX connectivity or native API.

Fixpath is designed to build a high-level brokerage business supporting multi-market accesses and large volumes, with full transparency and compliance adherence.

    fixpath features

    Fully scalable, high-performance environment

    Support for all available FIX standards

    Concurrent access to multiple execution venues

    Highly configurable with easy-to-use custom tags

    Support for buy-side and sell-side operations

    Integration with internal and external trading, OMS and EMS platforms

    Support for a wide variety of institutional client orders

    Contacts

    Luke Kolter - Gatelab

    Luke Kolter

    Sales Executive

    +44 7980 775304

    sales@gatelab.com

    Antonella Perna - Gatelab

    Antonella Perna

    Sales Executive

    +39 349 236 6309

    sales@gatelab.com

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