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.