InfoReach - Electronic Trading Technology

OVERVIEW • QUICK SUMMARY • DELIVERY • ARCHITECTURE • FEATURES AND FUNCTIONALITY • DESKTOP TOOLS

Superior efficiency, functionality and flexibility deliver tailored trading solutions for both buy and sell sides

InfoReach TMS is an independent, broker-neutral, multi-asset trading platform that ties together all the tools, technologies, global market connectivity and execution capabilities that traders need in a single system.

It consolidates pre/in/post trade analysis, pre-built and broker-provided algorithms, real-time, interactive charts and position monitoring, multi-asset and portfolio trading capabilities, order management and FIX connectivity in a multi-broker execution management system.

The InfoReach TMS offers high-performance, low-latency access to more than 140 brokers, ECNs, MTFs, exchanges, ATSs, dark pools and other major sources of global liquidity for electronic and automated trading of equities, options, futures and forex.

While InfoReach TMS offers an unprecedented level of functionality and power to trading desks, it also can be configured to deliver just a subset of required features. It is easily integrated into any trading environment and with numerous OMS solutions.

With enterprise-level scalability and performance, InfoReach TMS lets institutional traders create the individualized trading environment that works best for them. All without the need for customers to invest in and maintain a complex dedicated infrastructure. And our industry-leading deployment time, proven reliability and client-centric support ensure client solutions are trade-ready in weeks, not months.

System type:	Execution Management System (EMS)	Configurability:	Reports, charts, actions and algorithms
Asset types:	Equities, options, futures and forex	Trading scope:	Baskets, single orders and pairs
Order control:	Algorithmic and/or manual	Execution venues:	Any global, FIX-compliant destination
Users:	Buy side, sell side and prop traders	System architecture:	Modular, three-tier client/server
Operating system:	Java, deployable on numerous operating systems	System extensibility:	Java, C++ and .NET APIs
Delivery:	ASP-hosted or installed on-site	Deployment time:	Average deployment time is 3-6 weeks

ON-SITE INSTALL

ASP-HOSTED

TMS can be installed locally at customer’s network. In such case computer hardware has to be provided to accommodate components of TMS. Customer may choose to procure their own servers or have InfoReach provide a turnkey hardware/TMS solution.

Additionally, customers are expected to supply network connectivity to the execution venues and/or their clients.

InfoReach provides hosting of TMS at its data center. This includes hosting of computer hardware, market data and brokers connectivity. Hosted solution requires zero installation at client site.

All computer hardware hosting TMS is deployed exclusively for single customer. This deployment option is geared toward firms with greater number of traders or due to intensity of trading not wishing to share resources with others.

What makes TMS superior to other products?

FUNCTIONALITY

PERFORMANCE

RELIABILITY

SUPPORT

INFOREACH TMS is a three-tier client-server application. The first tier is the user interface, which runs on the user's computer (the client). The second (middle) tier is a collection of the functional modules that actually process data. This middle tier runs on a server. The third tier is a database management system (DBMS) that stores the data required by the middle tier. This tier runs on a second server called the database server. The three-tier design has many advantages over traditional two-tier or single-tier designs, the major ones being:

Running execution algorithms on the server yields a more protected and dedicated environment. Performance of the algorithms is not affected by other applications running on the client’s computers. The rebooting of the clients’ PCs that are more common then those of servers will not interrupt active algorithms.
Firm-wide consolidation and sharing of trading data in real-time.
Modular approach facilitates better fault isolation where the failure and recovery of one module does not require the restart of the rest of the system.
Increased scalability allows distribution of components across multiple servers, thus increasing the amount of resources available for the TMS.
Separating the application functions from the database functions makes it easier to implement load balancing.

The ability of INFOREACH TMS to deliver functionality, performance and reliability rests on its architecture - a fusion of academic knowledge and practical engineering experience cemented by years of tedious work.

Asset Classes

Supports multi-asset, cross-asset trading of equities, options, futures and forex.

Easy Order Entry

Trades can be entered via customizable order entry dialogs, quote list and quote montage screens or through the use of quick order entry panels. Trades completed "away" from the InfoReach TMS can be also entered into the system.

Order Types

InfoReach TMS supports most order types offered by every trading venue.

Portfolio Trading

Complete portfolio, index, pairs and client basket trading capabilities, including multi-day basket trading.

Real-Time Global Trade Management

InfoReach TMS offers a real-time, consolidated view of all global trading positions for both instruments and accounts. Start-of-day positions also can be imported either automatically or on demand.

Allocations

Pre-trade, post-trade and real-time rule-based.

AutoTrader

This proprietary tool from InfoReach provides an environment for the creation and testing of user-defined strategies, and facilitates rapid development of custom execution algorithms. Residual (uncommitted) quantities remain available in the blotter for traders to work on their own or collaboratively with AutoTrader.

Market Data

InfoReach TMS adapters are available for all major market data vendors, including Reuters, Bloomberg, Comstock, ACTIV, Wombat, Spryware, RealTick and eSignal.

Strategy Back-Testing

To facilitate the testing of trading and execution strategies, InfoReach TMS allows the play back of historical tick data and also provides broker simulators.

Algorithmic Trading

InfoReach TMS includes a suite of pre-built execution strategies, as well the development environment to modify pre-packaged strategies.

As an independent, broker-neutral platform, InfoReach TMS also provides access to a substantial array of algorithmic strategies from dozens of brokers and third-party providers around the world.

Black-Box Trading

Open architecture and Application Programming Interfaces (APIs) for Java, C++ and .NET allow traders to leverage the user-friendly InfoReach front end to create seamless black-box trading solutions.

Connectivity

To ensure superior performance, reliability, low latency and high throughput, InfoReach TMS supplies market connectivity via its own FIX (Financial Information Exchange) Engine, which supports protocol 4.0 and above. While many global brokers and destinations are already certified, others easily can be integrated with a minimum of time and development effort.

Order Routing

The extensive InfoReach FIX connectivity network allows TMS users to route orders to more than 140 brokers, ECNs, MTFs, exchanges, ATSs, dark pools and other major sources of global liquidity for equities, options and futures trading. InfoReach TMS also connects to 15 of the world’s largest FX dealers and ECNs.

Order Routing (Sell Side)

Orders received from multiple clients can be routed to a choice of destinations. Routing destinations can be internal (trading desks, baskets and AutoTraders) or external (exchanges, ECNs, brokers, consolidators, etc).

Global Security Master

This convenient service provides daily updates of global trading symbology for equities, options and futures.

Excel Plug-In

InfoReach TMS now offers an Excel plug-in that delivers real-time TMS data into Excel and allows traders to control functionality from a familiar interface.

Basket trading		Basket interactive charts
Single order trading		Configurable reports and charts