X-STREAM - to će predstaviti, to je to
X-STREAM is a high performance trading system that offers rich functionality and maximum flexibility to drive the operational efficiencies you need to realize profitability and achieve competitiveness.
X-STREAM provides
– Reduced cost and ease of operation through a fully integrated trading platform—equities, debt, futures, options, swaps, derivatives—on a single, robust platform
– Cost effective and rapid time to market for new business functionality through the extensive use of plug-in software libraries
– The ability to offer a broad range of strategy trading including spreads, butterflies and other multi-leg orders
– The ability to adapt market structures to the changing demands of market participants with support for order and quote driven markets and manual or automated matching
– A generic system architecture that delivers new business functions and products with short lead times
– Assured business continuity and reduced risk provided by robust fault-tolerance and disaster recovery mechanisms
– Decreased hardware costs through exceptional software performance with processing rates of several thousand orders per second and exceptional response times
– Improved competitiveness by offering several connectivity options such as FIX, XML and an open API, as well as support for proprietary messaging systems
– Easy adoption by market participants with a familiar Windows based workstation
Unparalleled flexibility and maximum customization
X-stream's architecture provides powerful flexibility and adaptability so your technology staff can configure and customize the system's extensive functionality as needs change.
– Extensive plug-in libraries covering up to 300 functions can be used to customize X-stream's more than sixty algorithms and processes without having to modify the main system. Business functions can then be easily and safely introduced without impacting existing functions or system performance. This flexibility leads to a significant reduction in the total cost of ownership of the trading technology by enabling you to direct the efforts of your technical experts on other core business functions.
In addition, the transition manager allows you to effortlessly change business rules during a trading day through scheduled or operator initiated events.
– X-stream's business rule inheritance model provides a powerful way to quickly configure the trading behavior of every tradable instrument. Business rules may be configured to apply system wide, across a trading board or even to a specific instrument. Virtually all system behavior, such as market structure, price controls, trading rules and order book matching rules, can be controlled by parameters in the X-stream relational database without software changes.
– Connectivity is essential in today's markets. X-stream's comprehensive open interface layer ensures that traders, data vendors and other market participants have a complete set of connectivity options. These include FIX and XML gateways, the X-stream COMET API and fundamental support for proprietary message protocols.
Powerful features
Customizable Plug-in Function Categories
– Order book structure and validation
– Matching and allocation algorithms
– Strategy pricing, ratio, maturity and strike price
– Yield, fee, interest, tax and commission calculations
– Data dissemination
Changeable Business Rule Parameters
– Market structure model (e.g., short selling, cross trading, negotiated deals, order types and price, size or tick limits)
– Trading controls (e.g., circuit breakers, trading calendar, event scheduling)
– Market making model
– Order validation, manipulation and matching rules
– Permissions (e.g., trading access and data visibility)
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