Execution Gateway
Execution Gateways extend the Trading Desk concept in TheBooks and allows the routing of trades directly to exchanges for execution. As trades are filled, they are automatically updated in TheBooks and for those gateways that have an associated trading platform, such as Open E Cry, trades can be worked from within the platform; TheBooks automatically records your actions.
Advanced execution options
TheBooks provides several advanced execution options tailored to systematic institutional advisors:
- Iceberged limit orders
- Virtual trading days
- Custom handling of blown stops on order release
- MOO and MOC gap handling
- Automatic email alerting of order status when trigger prices are reached
Electronic Give-up
When the trade is complete, TheBooks performs price allocation to the accounts which make up the trade and give-up and breakdown information is passed electronically to the clearing brokers, providing seamless execution and reporting of the trade.
Straight-through processing
Whether a trade originates in the trading platform, generated by software, or is manually created in TheBooks, trade processing and reporting is automatically performed.
The goal of complete automation, from trade inception through performance fee calculation is now a reality.