User Applications
Packaging by Business
-Dealing Package
-Whole Sale Package (Agency/Proprietary order flow, Allocation, Position)
-System Execution Option (VWAP, Short sale, Cross order)
-FIX Direct Execution Package (Direct executions from customer to market)
Order Service
Order Registration & Submission
-New Order, Amend Order, Cancel Order
-Client Order, Market Order
-System Execution Option (VWAP, Short sale, Cross order)
-Account, Book
Distribution Service
Order/Execution MSG, Position, Market Price
-Order/Execution, Transaction
-Position
-Market Price
Exchange Connectivity
Applied to TSE, OSE, JASDAQ, KSE, KOSDAQ
-Load balancing
-Automated routing
-Blocking
-Logical channel
-Exclusive
Market Feeds
Sources from FLEX, TSE Depth, OSE Price, JASDAQ Price, JASDAQ Depth, Reuters RDF
-FLEX direct feed
-TSE Market Depth direct feed (Fixed, Request)
-Reuters RSF+ GW
Client FIX Connectivity
Market venders, Institutions
-Bloomberg, Quick
-Institutions OMS (More than 50 sites)
-Compliance (Credit, Price restriction)
-Direct or internal routing
Message Exchange Simulator
Tokyo Stock Exchange Simulator
- Trading System
- FLEX
- Market Depth Feed
JASDAQ Stock Exchange Simulator
-AF bussiness(MM messages are accepted and handled but the orders
are matched using the auction method)
-AU Query
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Tiger Trading System
Components
