Advanced Order App
The Advanced Order App allows futures and options traders to place complex orders that cannot be done using just exchange-supported logic. Users can place limit or market orders as well as place contingent stop loss orders at a user-determined number of ticks behind the executed price of that order.
The app has been popular with Metro customers since it launched as it allows for futures orders to be submitted based on triggers such as last trade or mid-market price. The Exegy development team has incorporated customer feedback and rolled out a newer version of the app which now allows for algo-driven orders such as TWAP (Time Weighted Average Price) orders. These orders allow the trader to set time frames for submitting orders, including time between orders and randomizing the quantity for each order. In addition, traders can now extend orders beyond close of day and keep orders active for multiple days.
The Advanced Order App also allows for user-defined class settings such as price factors for each product for additional customization. The app allows for quick in-line editing of orders within the order viewer so orders can be updated rapidly once placed. Our development team continues to improve the app and will be adding VWAP (Volume Weighted Average Price) orders in the near future.
Exegy Innovation Wins Best New Product Award
The 2023 Markets Choice Award for Best New Product was given to Exegy’s integration of the Metro trading platform and nxAccess trading engine.
Preparing for the OPRA Expansion
As firms prepare for OPRA’s expansion to 96-channel distribution, Exegy can help craft the best solution for this and future OPRA challenges.
Exegy Partners with OneChronos for US Equities Market Data
Exegy’s delivery of real-time market data to OneChronos, a US equities ATS, shows how both firms are working to expand market access.