Predator Forex
Predator FX OMS is the unique broker and platform neutral solution for banks, financial institutions and asset managers of all sizes Orders are captured from external systems like PMS, banking systems, external FIX clients connected … Orders are executed automatically against the bank’s positions or aggregated on Value Date to form uneven SWAPS which are further on filled by choosing the best execution deal from the connected brokers and platforms
Internal Matching Engine
The Internal Matching Engine is Predator’s specific feature acting like a stock exchange and therefore allowing to match buy and sell orders from clients and/or inhouse (Nostro) instead of sending each order to an electronic exchange.
The Internal Matching Engine helps clients by providing more liquidity and lower execution costs. It helps traders maximize large order execution, reduce market impact and obtain price improvement by using the internal liquidity.
The trader has the option to manually cross internal orders or to send them to the automate matching engine. Partial internal order cross is also possible, remaining order size being sent to an external dark pool, exchange or broker.
Straight Through Processing
The STP represents the host interface to non-Teleinvest applications, suited for straight through processing of orders and their execution information.
Its goal is to completely automate the trading process without the need for re-typing the orders. The STP allows the banks to load into the Predator trading platform information like custom securities catalogue, positions, valuation prices, corporate actions etc.
The STP has the advantage to:
- Reduce the operational risk by eliminating the manual interventions
- Minimise the time for trade settlement
- Increase the quality of the settlement data
- Minimise the operational costs
Currently the STP module can use several protocols as the Teleinvest STP protocol, FIX and FIXML protocols.
Features
Connexion to Major Brokers
- Barclays
- J.P.Morgan
- UBS
- Etc.
Smart Order Routing
Predator’s Smart Order Routing (SOR) module is based on a set of rules concerning market prices, liquidity and execution time. It can automatically redirects buy and sell orders for financial securities (shares, bonds, options, etc.) to a specific electronic exchange or to multiple venues, every time the conditions set in the algorithm are changing.
Predator SOR represents a very useful complement to the Predator OMS /EMS in order to achieve the requirement of ‘best execution’ as today many financial instruments are simultaneously traded on many different market venues.
FIX Engine
The FIX engine enables the client to connect to all FIX based networks or markets, extending the connectivity range for buy-side organisation or the order collection range for sell-side comunity.
The software server is handling all types of FIX protocols from FIX 4.0 to FIX 5 and converts them to the Predator IFIS language. The FIX server is developed in order to handle extreme message throughput with minimum latency.
Reports & Audit
The trader obtains the whole history of an order or trade, from the moment it was entered in the platform until it is executed or deleted. Valuable tool for compliance and control purposes.
Using the Audit module any authorized person (the head trader, fund manager or auditor) can request a full or selective audit-trail on ALL or ANY data, for example : price & time stamp on order reception, order placing, changes, reception of execution etc. Definition of selection criteria is very simple.
Reporting capabilities are available to both users at the client and users within trading department. The data available for reporting is limited based on the viewing permissions assigned to the user. Predator provides the option to print paper tickets for each order, together with its matching fills, to send reports by email or FAX.
Predator provides a summary report for a specified date, for all orders placed and for all executions. The report is available to print on demand. At least one year of data is available on-line for viewing and reporting.
Predator provides a flexible reporting tool which allows users to run order, fill or position reports based on user defined templates. The reporting tool allows the user to run reports based on any combination of the following: date range, client(s), account(s), exchange(s), product(s), trader(s), status(es), client reference(s), price range etc.