Each instance provides a complete suite of risk management functionality, including data capture and management, book construction, pricing, strategy development, order routing and execution management, and back-testing. Out-of-the-box dashboards provide feature-rich visualization and control tools which can be customized and extended for specific trading, monitoring and research requirements.

Intra Markets platform harnesses the power of the market-leading kdb+ database technology and connectivity to deliver unrivalled productivity and performance. A simplified yet optimised architecture designed for high velocity e-trading, market making and intelligent hedging.

A real-time overview of positions by asset and instrument, including unrealized and realized P/L. Flexible hedging rules can apply to an individual trade or an overall position using order types such as TWAP, Iceberg and Peg Orders for smarter hedging, reduced execution risk and increased profitability.

A market simulation framework offers the ability to test and monitor the performance and market impact of strategies. Thousands of strategy parameters can be tested in parallel and their distributions modelled.

Market data replay of millions of records per second from disk, allowing users to test strategy performance across many variables and parameters. Transparent real-time view of all order status and backtest progress. All data is persisted for ex-post analysis of market data and performance / latency metrics. Backtesting and exchange simulator modules enable rapid development and strategy optimization.

Allows strategies to query order state or define event handlers for execution interface replies. Limits engine provides P&L and pre-order limit checks. Publishes derived events that reflect the current order status, amount filled, aggregated position and P&L for each strategy instance /instrument combination. Smart Order Routing (SOR) algorithms can be easily defined. Configurable trading engine interface for order entry and market data which is fully integrated with the order management process.

IDE for profiling and debugging, enabling rapid strategy development and optimization in today’s most powerful programming languages – q, C++, Python, Java . Development and testing framework significantly reduces the time-to-market. Generic method of defining strategy parameter names and data types with the capability to define event handlers for market data events and special strategy control events. Strategy Controller allows full GUI control of strategies. Alerts module includes email and visual alerting based on system health.

Connectivity can be provided to the primary and secondary liquidity venues, ECN’s, multi dealer platforms, exchanges and direct market access brokers. Additional feed handlers can quickly and easily be developed using any of the available API’s or via a dedicated connectivity development team.