Smart Order Routing
Omnesys NEST Smart Order Routing (SOR) engine strives to provide best execution across a number of exchanges to retail as well as institutional investors and algorithmic traders.
The SOR Buy/Sell screen is invoked directly from Market Watch and it displays the Unique Key which maps the instrument to the exchanges uniquely. The market depth window shows the combined market depth of the exchanges so that it is easier for you to view the availability across various exchanges.
SOR functionality is available in both Omnesys Nest Trader as well as the NEST web offering from a front end trading perspective and it is also available to all the algorithmic engines which NEST supports including NEST Strategy and NEST Gate Omnesys NEST SOR also accepts SOR orders from a Fix interface too. Fix orders can be sent via DMA or Gate Algos.
Comprehensive Audit Trails are stored with details of the Market Depths of both exchange with Time stamps, the order details, the analysis of the same and the SOR decision regarding the exchange is saved.
For more details follow specific product links.
Trading as a single basket as a group of stocks/instrument. The systems manages the various fills and let you know when the basket is filled. Very useful for large basket trades. Baskets can also be matched to Index or create new index based on contents of baskets.
Order slicing is breaking up a larger block order into smaller orders so that there is minimal market impact. This can also be used to break up order flow between various groups of traders.
Omnesys Nest Gate is a comprehensive tool to build extremely customized directional execution algorithms without writing a single line of codeRead More
2L and 3L spreading is creation of dynamic spread instruments by the user. Can be any set of instruments supported by NEST. The trade is executed as a single order if the exchange supports it or NEST manages the orders.
Various options strategies can be traded as a single order.