Products September 10, 2001
Alta Automates Convertibles Trade Processing
October 9, 2001(PLANSPONSOR.com) - Intelligent
Markets has introduced Alta, a convertible securities trade
order management system that tackles the trade and order
management needs of dealers in the convertibles
market.
Reported by Camilla Klein
The new system provides order and trade management for both outright and contingent orders including:
- order routing to external exchanges, and
- real-time trade reporting for reportable securities
It also provides real-time trade recommendations and live, dollar-neutral pricing of swaps orders and allows dealers to:
- view live client trade histories,
- manually or automatically trade against client orders, and
- electronically route residual stock orders
Additionally, Alta can be connected to multiple downstream systems preparing dealers for straight-through processing and eliminating the need for manual trade entry into multiple systems.