Patsystems, a provider of derivatives trading solutions, has released AlgoServer, an algorithmic trading tool through which brokers can develop and distribute their proprietary execution algorithms to customers. The tool can either be used as a stand-alone front-end, or integrated with Patsystems’ existing Synthetic Order Management System (SyOMS) product.
AlgoServer provides a framework for defining and developing execution algorithms for implementation on servers, including presentation of the algorithms as synthetic order types on the front-end.
AlgoServer includes all of the current SyOMS functionality, including iceberg, ghost and bracket orders.
The current version of AlgoServer supports single-contract algorithms. In addition to support for proprietary algorithms, three standard algorithms will be available: time-sliced orders, ‘with-a-tick’ orders, and one-cancels-others (OCO) limit stops.
“Traders can utilise AlgoServer’s ‘pre-packaged’ algorithms or their own proprietary algorithms, all with maximum speed to execution,” said David Webber, CEO of Patsystems, in a statement.
Patsystems, a provider of derivatives trading solutions, has released AlgoServer, an algorithmic trading tool through which brokers can develop and distribute their proprietary execution algorithms to customers. The tool can either be used as a stand-alone front-end, or integrated with Patsystems’ existing Synthetic Order Management System (SyOMS) product.
AlgoServer provides a framework for defining and developing execution algorithms for implementation on servers, including presentation of the algorithms as synthetic order types on the front-end.
AlgoServer includes all of the current SyOMS functionality, including iceberg, ghost and bracket orders.
The current version of AlgoServer supports single-contract algorithms. In addition to support for proprietary algorithms, three standard algorithms will be available: time-sliced orders, ‘with-a-tick’ orders, and one-cancels-others (OCO) limit stops.
“Traders can utilise AlgoServer’s ‘pre-packaged’ algorithms or their own proprietary algorithms, all with maximum speed to execution,” said David Webber, CEO of Patsystems, in a statement.
Source: thetradenews.com