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Equity, derivatives, fixed income, commodity, and synthetic trading |
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Order-driven, quote-driven, and hybrid market structures |
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Electronic and floor-based markets |
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Trading on price or yield |
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Multiple currencies and time zones |
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Automated and manual auctions |
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Unrestricted or controlled continuous trading |
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Odd lot, partial round lot, and round lot trading on single or multiple order books |
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Regular and non-regular settlement |
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Comprehensive range of standard and complex order types |
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Flexible order book prioritization schemes |
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Sophisticated order management |
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Publication of order book by price or by order |
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Comprehensive range of other market data (e.g. top of book, last sale, high/low, VWAP, indices) |
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Position and exposure management |
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Trading restrictions |
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Flexible user permission schemes |
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Complete audit trail |
