Our latest product features - Q1, 2024
660
Product Improvements
146
Bugs Squashed
Feature Highlights
Reg NMS and Reg SHO - Fully Compliant
Quod is now fully compliant with United States trading regulations. For principal trades, Intermarket Sweep Orders (ISOs) will be automatically triggered when executing orders outside of the national best bid and offer. Additionally, Quod will enforce the provision of a local broker when short selling from an aggregation unit.
FX MM Client Pricing:
Enhanced Pricing Summary
A redesigned panel for client market making monitoring now displays both eFX and current market prices along with related details for each client tier, instrument, and tenor. The new grid also supports standard features of Quod trading front-end panels, including conditional formatting, advanced filtering, and calculated columns. This allows for a concise but configurable overview of real-time market making status.
Conditional Alerts: Market Data Events
Users can configure alerts through the trading front end based on market data price events. For example, notifications can be triggered via email or SMS when the last traded price exceeds a specific value. Other supported price points include BestBid, BestAsk, VWAP, Closing, Opening, and more. Notifications can be set as one-off or repeating and can be sent to an individual or across desks.
Front End Filtered Alerts: New Alert Types
To enhance visibility of important events detected through the advanced filters of the trading front end panels, new types of alerts can now be enabled either separately or in combination. In addition to pop-up notifications, the new alert types include automatically bringing focus to the alerted panel for immediate access and marking alerted panels with a badge for passive visibility of multiple concurrent alerts.
NEW Montage Trading View
The market depth panel has been enhanced to support fully configurable quick order buttons, client and account selection, and top-of-book color highlighting within the depth, all in a single consolidated view. The panel also now natively supports market data based on a composite trading venue
Other Highlights from Q3 2023
| Features | |
|---|---|
| View enhanced details in the Client Pricing Summary panel of the trading front end. | Learn more |
| Round away from top of book for Single Order VWAP mode in FX aggregated rates tiles of the trading front end. | Learn more |
| FX SOW auto chooses between Full Amount and Sweepable based on predictive performance. | |
| Venue health metrics based on market data conflation. | |
| Multi-day VWAP benchmark improvements. | |
| Manual resend drop-copy messages from trading interface. | |
| Expanded release conditions for orders. |