SmartTrade Technologies has announced a new release of its order management system (OMS), with improved algo support and custom order types.
Already adopted by clients across Europe, the Americas and Asia Pacific, SmartTrade OMS is designed to optimise trading flow by handling client orders more efficiently across multiple desks, internalising client flows and enhancing proprietary hedging strategies. The product facilitates the implementation of custom strategies across large orders, supporting both e-orders and manual trading books.
For its latest release, SmartTrade OMS’ has been evolved to include the externalisation of orders for management by algos and support for custom order types. It has also adopted a new, comprehensive set of rules for order routing to both manual and electronic desks.
SmartTrade Technologies CEO, David Vincent, stated, “The latest version of SmartTrade OMS brings best-in-class functionality, whilst ensuring it continues to integrate well with other SmartTrade and Client trading system components. The solution is designed for both global institutions and regional players.”
A global tier 1 bank commented that, “in addition to offering advanced controls, the cross-asset technology enables us to future proof our investment.” One of SmartTrade’s European broker clients added, “among all the solutions we evaluated, smartTrade OMS is the most rich and easiest to integrate into existing environment.”