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TradePoint Functional Description
 
Overview:
 
  • Direct orders to NYSE (ARCX), NASDAQ (INET), brokers, dark pools, and algorithm providers. Destinations are set up on an as desired basis for each client.
  • Monitor in real-time profit & loss of open positions, status of open orders.
  • Level 2, quote monitor, news, charts from a variety of data providers.
  • Trade from 8:00AM until 5:30PM.
  • Highly configurable user interface - single or multiple windows, tabs within windows, control placement of views within tabs and windows.
  • Web-based reporting - see intra day and historical trade reports.
  • Order types supported:
    • market, limit
    • stop, stop market, trailing stop, one cancels other
    • discretion, pegging
    • reserve
    • cancel, cancel/replace
    • sliced orders
    • grouped orders
  • Multiple account trading
  • User-definable portfolios - allows user to partition his holdings and track each group separately.
 
Order Blotter:
 
  • Receive orders via FIX from order management systems and/or networks including:
    • ITG / McGregor
    • Reuters
    • Tradeware
    • EZE Castle
    • Charles River
  • Import orders from Excel
  • Maintains live status of total executions against the order including average price and shares remaining.
  • Orders can be sent individually or in groups. Orders can be manipulated individually or in groups.
  • Drill down to see all the orders set into the market for a given order blotter entry.
  • Sliced orders - send a % of an orders total quantity.
  • Grouped orders - send multiple orders at a time.
  • Live pricing - set the limit prices to track the market, bid, ask, last with an optional offset.
  • Superb user interface layout allows the trader to monitor & submit orders with minimal screen real estate.
 
Trade Monitoring & Risk Management:
 
  • Broker dealer staff can monitor all trades in all accounts in realtime.
  • Broder dealer configurable limits such as maximum trade cost, maximum shares, etc.
  • RegT or retail day trading buying power maintained for each account
  • DVP and Average Price Trading supported
  • Administration function to disable trading, set to close only, or cash trades only.
 
Services & Support for the Broker:
 
  • Account and firm wide daily and monthly reporting:
    • Orders with complete execution details.
    • Buy/sell history.
    • Open positions on a given day.
    • Voulme routed to each destination.
    • Commission.
    • Custom reports available.
  • End of day activity report - emailed.
  • Web-based administration to create accounts and users, control user access to accounts (both traders and BD staff - via reg rep number if desired), manage risk and commissioning.
  • Flexible commissioning structures - per shares, per order, recover execution and clearng fees - configurable on an account by account basis.
  • Clearing firm integration:
    • Trades communicated to your clearing firm at end of each day
    • Account balances, positions, buying powers retrieved from clearing firm start of each day
    • Shortable stock lists
    • Integrate new clearing firms on an as needed basis.
  • OATS Reporting - either reported to FINRA on behalf of the BD or sent to the BD for their own reporting.
  • Private labeling and custom development available.

 

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