Our latest product features - Q3, 2023
Get a glimpse of how we are innovating in our product development and shaping the future of data-driven trading.
Explore All Features
787
Product Improvements
107
Bugs Squashed
Feature Highlights
Link Multiple Pre-Trade Automation Rules
Quod continues to expand its pre-trade automation toolset with new nested logic allowing Order Management Rules to assess additional rules based on specific conditions. This is the first of several steps towards the new OMRv3 product offering a full visual coding interface for pre-trade automation.
User Controlled Variables
Processed By Automation Rules
Global variables can now be manually configured or set via API, allowing for their customized utilization in evaluating Automation Rules. This flexibility enables the precise determination of tools like the Auto Hedger to be applied based on specific conditions.
Internal Matching Engine Pegged Orders
In addition to the standard trading venue features, the Internal Matching Engine boasts native support for pegging logic, which means it seamlessly accommodates the Peg order type. This feature ensures that a pegged price is dynamically adjusted to align with the latest reference price visible in the order book.
Smart Order Router Features
- Quod's Liquidity Seeking SOR has additional functionality for single-venue execution and mono-listed instruments including Futures. In particular, this is now easier to access for high-touch traders who can build mono-listed strategies and behaviors focusing on order book layering and more passive trading behavior.
- Order Priority for Passive Quantity Increase: The Multi Listing SOR approach involves sending a second passive order to the venue, instead of modifying the existing passive order upwards. This strategic move is aimed at preserving the queue priority for the initial passive order.
Other Highlights from Q3 2023
| Features | |
|---|---|
| Create custom variables of type Boolean in the system admin front end. | Learn more |
| View 20 Day ADV in trading front end Order Book and system admin front end Listings page. | Learn more |
| View active status and custom variables in the auto hedger blotter in the trading front end. | Learn more |
| Automatically calculate bond execution price when filling a convertible bond order in trading front end. | Learn more |
| Option to wait for synchronous response for orders sent through REST API. | Learn more |
| Smart merge of default workspace with user’s current workspace in the front end. | Learn more |
| Internal Matching Engine can force peg orders to be filled at the mid price even when their actual prices are not crossing. | |
| Ability to set up limit price reference parameters through Lit & Dark execution strategy order. | |
| TWAP strategy to display real time sub-slice scheduling in the audit trail. | |
| Internal Matching Engine supports native pegged order type instructions. | |
| Maintain external client API market data subscriptions independently of current state of actual market venues. |
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