Functionalities of Trade Order Management Systems

OrderCreation andEntry

TOMS allows traders to create and enter trade orders directly into the system. It offers intuitive order entry screens with customizable fields to capture all relevant order details, including instrument, quantity, price, order type, and time-inforce.

Order Routing and Execution

TOMS provides traders with the ability to route orders to various trading venues, counterparties, and liquidity sources. It supports connectivity with multiple exchanges and alternative trading systems, enabling traders to execute orders efficiently and access a broad range of liquidity.

OrderMonitoringand Management

Once an order is placed, TOMS offers real-time monitoring and management capabilities. Traders can track the status of their orders, view executed trades, and monitor order fills. They can also make modifications or cancellations to orders as needed.

Complianceand RiskManagement

TOMS incorporates compliance checks and risk management features to ensure adherence to regulatory requirements and internal trading policies. It performs realtime compliance checks to validate orders against predefined rules, minimizing the risk of non-compliance and regulatory penalties.

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