Order Management and API

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.

OEMS features and benefits

  • 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, e.g. maximum trade value, maximum position value, maximum order quantity, asset type white/blacklisting or order type white/blacklisting
  • 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

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AlgoTrader serves institutional and professional clients only.

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