Order Management and API

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AlgoTrader offers flexible order management so you can execute any order in any market, with a wide range of order types and execution algorithms available.

AlgoTrader order management functions:

  • A range of order types including – market, limit, stop, stop limit, trailing, bracket
  • Multiple time-in-force options such as – day, good-till-cancel, good-till-day, immediate-or-cancel, fill-or-kill, at-the-open, at-the-close
  • Support for spot and margin trading
  • Custom order properties – add custom information to an outgoing order message (e.g., broker-specific field, algorithm-related properties).
  • Custom Pre-trade checks
  • Custom alerts and trade suggestions via email or text message, allowing manual confirmation of automatically generated signals
  • Multi-account functionality with sub-accounts, managed accounts and fund accounts including:
    • Venues that support multiple sub-accounts (using the same API keys for all sub-accounts)
    • Venues that do not support sub-accounts (using different API keys for multiple accounts)
  • Place orders & record transactions manually

Execution Algos and Smart Order Routing

Wide range of Best Execution capabilities to execute large orders with minimal price impact.

  • Built-in Smart Order Routing (SOR) execution algorithms allow you to gain better execution prices and minimize market visibility and impact
    • VWAP (Volume-Weighted Average Price)
    • TWAP (Time-Weighted Average Price)
    • POV (Percent of Volume)
    • Iceberg
    • Sniper
    • Market Sweep
    • Smart Market, Limit, Stop and Stop Limit
    • Trailing Limit
    • Target Position
  • Broker-side execution algorithms (VWAP, TWAP, Percent of Volume, Accumulate/Distribute)
  • Full support for OTC / RFQ process – whereby requesting committed quotes from multiple brokers and market makers
  • Custom execution algorithms
  • Algo order parent / child display
  • Algo order persistence

Crypto Specific Features

  • Automatic withdrawals and deposits, i.e. automatic re-balancing of cryptocurrencies across exchanges
  • Account/deposit events via WebSocket
  • Handling of crypto fees
  • Crypto adapter order reconciliation on WebSocket reconnect
  • Encryption of API keys

AlgoTrader API

Multiple API options to integrate into existing system landscape using standard technology

  • Inbound FIX 4.4 API supporting simple orders, execution algos, RFQ, and market data
  • Inbound REST interface to access all features of the platform
  • Real-time event notifications via WebSocket API

Contact AlgoTrader

For more information on AlgoTrader’s order management and execution algorithms, contact us today for more details. We offer consulting services as well full product training either on your premises or remotely, so get in touch today!

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