DST International the leader in business solutions for the financial services industry, announced today the launch of a major upgrade to its Order Management System to provide dealers with one integrated environment for orders control and trading execution management, using a rules based trading platform.
This provides dealers with new functionality for full bulking, program trading and real time data capabilities to work their orders, within a powerful real-time order blotter environment that enables filter and view functionality, which can be easily customised.
As well as offering traditional manual placement and execution of orders with brokers, a fully automated trading environment is available using FIX messaging protocols. This provides support for Indications of Interest (IOI's), order routing, execution reports and allocation messages, using a fully configurable embedded FIX engine. '”DSTi's system is unique in that it offers dealers full order and execution management from a single environment” said Dennis Unitt, Product Manager for the new combined solution.
Execution of orders can also be done using DMA or Algorithmic trading strategies, giving intelligent trading functionality and full access to all liquidity pools. This delivers a platform for obtaining best execution and also the monitoring of transaction cost analysis. “We are able to offer users of our Order Management system the capability to achieve full MiFID compliance with the use of our strategic front office solution. MiFID compliance can be achieved by adoption of DSTi's Front Office Solution in its entirety, and just as easily alongside an existing manual order management system, without the need for a major systems replacement.'“ said Tim Rudlin, DSTi’s Director of Business Strategy.
As part of DSTi's wider Front Office solution, the Order Management solution is integrated with Position Keeping, Decision Support and full pre and post execution compliance monitoring. A single environment is able to manage orders for a full range of instrument types including equities, options, futures and FX. “A future release is planned to fully automate fixed income trading.” said Steve Edkins, Chief Operating Officer of DSTi.
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