The preferred choice for Straight Through Processing Solution
TEO Derivatives, our global Order Management solution, has been developed by and for the traders.
Through years of ongoing collaboration, we have gathered inputs, recommendations and feed-backs from hundreds of traders across all regions and all markets to make sure TEO is a perfect fit for your business.
As a result, TEO Derivatives is now the preferred solution for the top Inter Dealer brokers and Broker Dealers. Every day, hundreds of traders at ICAP, GHF, Tullett, BGC use TEO Derivatives to allocate and confirm their trades.
TEO Derivatives in a nutshell
TEO Derivatives allows you to capture all your executions, whether they are coming from your multiple execution platforms (TT, PATS, FIDESSA, CQG …), whether they are coming from the actual exchanges (exchange drop-copies), from the CCPs, or a 3rd
party (execution broker, GCM/FCM …).
TEO then provides a central database containing details on all orders that have been processed regardless of the trading platform or market.
TEO Derivatives allows you then to:
- Organize and route these executions to the appropriate desks, traders,
- Aggregate data based on your own criteria
- Allocate your orders (across multiple fills, prices …) and feed into the corresponding downstream systems (middle-office, back-office, Clearer …)
- Confirm your final trades to your clients (real time FIX messaging, Bloomberg, emails ….)
The TEO Derivatives Export Module allows integration
Connected Directly to the Exchange(s)
with your trade matching system and other Back Office systems
TEO Derivatives can work independently from your trading systems by being connected directly to the market through its own exchange gateways. It will capture the trade executions and present them back to the trader for allocation.
This configuration enables you to concentrate the data of all processed orders into one single open database, even if you are using multiple trading platforms.
Connected to the Trading System(s)
TEO Derivatives can be connected to your Trading System(s) through specially developed gateways. It will then capture the working orders as well as the trade confirmations.
This configuration would enables you to benefit from a seamless STP solution from Front to Back Office while still giving you flexibility in the choice of your trading platforms.
KEY SUCCESS POINTS
Unique Allocation System
Execution captured from Trading Station or Clearing Houses
Multiple Allocations in a single click
Automatic Allocation process
Complex split allocation volume or % based)
Integration of all markets specifics (LME, Average Price System…)
Order capture from multiple trading stations
Automatic matching of orders and executions
Volume aggregation based on your own criteria
Unique audit system recording all events through the entire trade life-cycle
Centralized reporting system
Multiple reporting options (FIX, emails, pdf, word, excel, txt…)
Specific reporting automated (Bloomberg Feature Wizard)
Auto Confirmation system
Connectivity to 70+ markets
Connectivity to all majors trading systems
Extended support for FIX connectivity (inbound allocations, outbound drop-copies) and Order feeds (BB EMSX)
Export to all downstream systems, Back Office (GMI, R&N, Calypso, Inferno…), compliance tools, risk monitoring…
Native back-office accounts integration (one-off or intra-day)
Real time exchange and system alert messages and warnings
Web based front-end for end customers
COST EFFECTIVE SOLUTION
System can be installed in one unique location and support activity across all regions
This results in a minimal footprint and easier maintenance
24 hours support, online and real-time tracking of all opened requests
A team committed to help you grow your business, address your requirements, deliver enhancements
Complete set of tools and libraries allowing you to onitor all technical components, latency, average allocation time