News of Capital Markets

Tuesday, May 17, 2005

OBMS

Global Order Book Management and Routing for Futures & Options Trading

The Order Book Management System (OBMS) is a platform for electronic order entry, routing and tracking on a global basis. The OBMS core system gives users the ability to trade futures, options and equities from a single, unified workstation. Linked to many of the world’s leading exchanges, OBMS simplifies integration through specialized interfaces where necessary and the use of the industry’s standard protocol, FIX.

The NYFIX OBMS solution provides a significant range of functions enabling sophisticated trading strategies to be executed from a single integrated platform. The overall solution will provide a true multi-market, multi-product electronic environment, placing your firm at the forefront of technological and strategic innovation by stock exchanges worldwide.


At the heart of the NYFIX Global Order-routing and Order Management solution for the futures and options and cash equity market is the Order Book Management System (OBMS). This core part of the overall system can be implemented on internal or external order desks, trading desks, and on the floor booths of open outcry exchanges. This component provides a quick and efficient execution platform with pre-trade risk, and an order book and trade management facility for all order types.


In addition to the core OBMS, NYFIX provides a host of other components including; client front-end trading web browser connectivity, pre trade risk controls, deck management for open outcry floors and access to electronic exchanges and back and mid office systems through our FIX-based gateway. NYFIX has utilized the gateway to allow individual OBMS installations to be synchronized and communicate in real-time globally.


NYFIX provides cost effective, reliable access to both local and global exchanges helping to eliminate costly errors and enabling firms to streamline their operations. OBMS provides automated links to the back and middle office, lowering trade processing costs while handling the ability to increase capacity.


* Single screen access to Global markets
* Single click immediate order execution
* Shared order book with STP to the back office
* Client Web based DMA front-end
* FIX based connectivity to third party vendors
* Pre and post trade (give in) risk management
* Full electronic audit trail
* Account Allocation


EXCHANGE CONNECTIONS
o EURONEXT/LIFFE
- Financials
- Equities
- NQLX
- LTOM
- TIFFE
- Paris Derivatives
- Paris Equities
- Brussels Equities
- Amsterdam Derivatives
- eCBOT
o EUREX/EUREX US
o XETRA Equities
o LSE Equities
o IPE Commodities
o NYMEX Commodities
o CME GLOBEX
o CBOE
o ISE
o MONTREAL
o SFE/NZFO DERIVATIVES
o SGX DERIVATIVES
o HKFE DERIVATIVES
o TIFFE DERIVATIVES
o TSE DERIVATIVES
o OSE DERIVATIVES

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