Our Automated Quoting System (AQS) is a solution for both buy-side and sell-side firms which allows buy-side firms (or their clients) to send Request For Quotes (aka. RFQs) for Equities via our own RFQ platform or FIX messages and the sell-side firms to automatically receive and price the quotes based on live market data, business intelligence, current positions, risk limits, client settings and trader settings.
Real-time quote management
Send and receive quotes in real-time, the platform allows you to send quotes to multiple brokers and receive quote responses back in real-time. Receiving brokers receive quotes and the platform automatically prices the quote based on our rules based pricing engine which sends back a response to the requesting client.
Trader custom settings
Traders who are receiving quote requests define their settings within our pricing engine which determines how a quote request is priced or rejected, these setting can be changed in real-time by the trader and instantly changes the behaviour of the pricing engine.
Instantly see how you are performing in terms of the quote requests by client, instrument or trader settings and the success rate of your quotes. What failed to be quoted, what was quoted but rejected by the client and what was traded. This can be viewed by value of the quotes in terms of financial value of the quotes and the actual number of quotes.
Instrument and Position Rules
Various rules can be setup on the instrument and the positions that are created while trading the instrument. Examples include what the maximum long or short position for an instrument is and the price hold threshold for a quote request for that instrument.
Various client rules can be setup to determine the pricing and response to quote requests. Examples include price or volume improvements for a client, length of time that the priced request is valid and maximum number of concurrent requests.
We automatically maintain all of the positions from the trading that has flow through the platform. The platform shows the Profit and Loss of the positions based on real-time market data.
Real-time Graphical Analytics
We visually represent in real-time all of your business intelligence and analytics to quickly see who, when and why clients are or are not trading on the quotes you are giving them.
Our platform maintains a complete audit trail across all of the functionality, whether it is changing an instrument limit all the way through to changing any of the rules in the pricing engine everything is audited within the platform.
Real-time Mobile Information
Our platform provides real-time trading information for buy-side clients showing their top brokers, what trades have been executed and their current positions all in real-time.