Execution and Order Management Software

Be the first to seize new market opportunities and cost-effectively execute trades across multiple brokers, venues, instruments and geographies with a multi-strategy, broker-neutral Order and Execution Management System (OEMS).

InfoReach offers your choice of two high-performance platforms: the fully configurable InfoReach TMS (Trade Management System). Both consolidate all the trading tools, global broker connectivity and sophisticated execution capabilities that the buy side needs in one comprehensive trading system.

True multi-asset class coverage streamlines trader workflow and eliminates the need for multiple platforms. You can access and employ a full breadth of brokerage services (order routing, direct market access (DMA), strategies, etc.) for multiple asset classes through a single point of access–saving you time, resources and costs.

Our trade management software easily integrates with Order Management Systems, enabling traders to stage orders and receive executions in real time. While FIX connectivity with most OMS providers already has been established, new integrations can be completed quickly–often within days.

Enterprise-strength technology supports multiple trading styles and strategies

InfoReach technology is architected to enable automated and algorithmic trading with low latency and high throughput. Its flexibility and scalability supports a myriad of trading styles and strategies, enabling you to pursue alpha and reduce market impact.

More speed and control in the order execution process

Our trade management systems offer powerful out-of-the-box functionality that enables buy-side traders to execute trades with increased speed and control:

• Advanced trading capabilities for single stocks and lists–including portfolio, index, pairs, and multiday basket trading
• Trade across equities, options, futures, forex, fixed income, interest rate swaps from a single blotter, with asset-specific functionality (including multi-legged orders for futures and options)
• Broker-neutral technology allows you to create, allocate, and execute your orders with multiple brokers through one interface and point of entry
• Interactive charts, graphs and heat maps help you quickly spot and act on market opportunities
• Real-time position monitoring provides a consolidated view of activity across global markets for multiple asset classes

Web-based multi-broker trading with a free online trading platform

Access multiple brokerage trading desks and algorithmic execution services around the world from any Internet-ready PC using our Brokereach trading portal (www.Brokereach.com). This simple web-based trading application allows you to consolidate orders and executions across multiple venues and monitor trading activity in real time. You can connect to an unlimited number of brokers through a single point of access at no cost.

Learn more about our buy-side solutions

To learn more about InfoReach trade management software, visit:

InfoReach TMS

Brokereach

Now you can view and control risk globally across all trading activities and systems in real time. Automated risk controls from InfoReach allow you to apply a hierarchy of safeguards and limits across a broad spectrum of variables, such as trader, instrument, position, unit and destination.

Pre- and at-trade risk checks monitor all risk variables and trigger alerts when needed–allowing users to adjust trades or block the release of non-compliant orders. The risk limits technology covers orders originated manually, algorithmically, via API or from other third-party EMSs. Risk assessment of orders is based on an aggregation of available transaction flow information including order and execution data and market data.

Arrest or control risk in real time

No matter what, where or with whom you trade, your firm can mitigate risk when the parties to a trade or the wider market could be adversely impacted by an intended order. For example, you can:

• Prevent fat-finger mistakes
• Avoid adverse market impact by comparing the order against such metrics as the calculated average traded volume of the instrument
• Set individual risk tolerances for funds, accounts, strategies, traders and instruments(securities)
• Prevent erroneous orders from runaway algorithms
• Check for an order that is entered in error or exceeds any kind of risk tolerance, such as taking out too large a position
• Flag orders that exceed other internal risk thresholds

Get a consolidated view of firm-wide risk exposure

Risk exposure can be viewed for multiple levels including client, account, trader, trading desk and enterprise. And if your firm uses more than one trading application and/or trades through multiple brokers, the InfoReach risk limits technology can aggregate information from other trading systems and provide a single consolidated view of global risk exposure across asset classes.

Easy deployment to any trading environment

Our risk control technology is included in our InfoReach TMS and HiFREQ multi-broker trading systems. And now it is also available as a separate, independent module for firms using other OEMSs and OMSs. That makes it possible to seamlessly apply pre-configured risk limits to your entire order flow.

To learn more, visit Trading risk controls

Employ the technology for low-latency, high-frequency trading algorithms without having to build and maintain your own specialized infrastructure. HiFREQ is our high-frequency trading software that supports automated strategy-driven trading for equities, futures, options and foreign exchange. It provides all the essential components to facilitate throughput of tens of thousands of orders per second at sub-millisecond latency.

Access high-frequency trading algorithms from brokers and other providers and deploy complex trading strategies across asset classes. Create, back-test and deploy proprietary trading strategies in a black-box development environment. Scalable, broker-neutral architecture enables you to run multiple strategies concurrently and deploy them across multiple servers at various destinations and broker data centers.

HiFREQ is add-on HFT software to InfoReach trading platforms that leverages our scalable, three-tier architecture and FIX Engine to ensure high-speed, high-throughput capacity. Orders can be routed to any global FIX-compliant destination.

Our HiFREQ HFT software also is available independently as a turnkey black-box trading solution.

To learn more, visit High-frequency trading software

Our broker-neutral architecture and vast order-routing network enable you to quickly access any destination in the global Financial Information Exchange Network (FIX) with a minimum of time and cost. InfoReach currently connects to more than 140 brokers, ECNs, MTFs, exchanges, ATSs, dark pools, FX dealers and banks, and other major global sources of liquidity for equities, options, futures, forex, fixed income, interest rate swaps

You can access a full breadth of brokerage services, including order routing, direct market access (DMA) and strategies. More than 500 updated broker execution algorithms across multiple asset classes can be accessed from a single system–saving you time, resources and costs.

To ensure superior performance, reliability, low latency and high throughput, InfoReach supplies market and broker connectivity via its own InfoReach FIX Network (IFN). While many destinations are already certified, FIX connectivity to any compliant destination can be established easily–often within days.

As an added benefit, the IFN provides a real-time alerting feature that notifies traders whenever a trading destination in our connectivity network becomes unavailable–regardless of whether an order or order amend is in play. This gives you the opportunity to redirect orders to an available broker well in advance of market close.

For those who wish to customize and maintain their own broker-routing FIX network, IFN software is available for purchase from InfoReach. To learn more, visit InfoReach Financial Information Exchange Network

To view a partial list of broker algos currently available through our Financial Information Exchange connectivity network, visit Broker Algos

Algorithmic trading is an essential tool in the quest for alpha generation and preservation, and InfoReach technology was designed from day one to enable it with the highest level of efficiency. So our TMS trading platform includes a suite of pre-built algorithms for popular execution strategies. And we supply the source code so that clients can easily customize and back-test algorithms.

Buy-side traders also can access more than 500 updated execution algorithms across multiple asset classes from more than 40 global brokers and third-party providers. With seamless integration into a multi-broker trade execution platform, InfoReach clients can gain an advantage in rapidly-changing and fiercely-competitive markets.

For the ultimate in black-box trading, InfoReach offers our HiFREQ algorithmic engine for the creation and deployment of high-frequency strategies. HiFREQ can be used independently as a stand-alone black box trading solution, or as part of the InfoReach TMS.

No matter which solution you choose, InfoReach technology can save you the time and cost of developing your own algos from the ground up. And our low-latency connectivity network can help ensure the best execution performance in today's global markets.

Learn more about the execution algorithms available through InfoReach trading platforms

Pre-built algorithms

Algo customization

Broker algorithms

Sell-side OEMS for global trading

Now sell-side firms can automate and optimize all their portfolio and single order trading with one cost-effective solution. The InfoReach Order and Execution Management System (OEMS) integrates OMS functionality with the intelligent trading tools and advanced execution capabilities of an enterprise-strength trade management system. It's the elegant technology answer for those seeking the best of both worlds unified in a single, customizable platform.

Our trade management software provides sell-side trading desks with the technology and tools to take client orders and baskets through the most efficient execution cycle. Beginning with pre-trade analysis of a client's intended orders, the InfoReach Sell-Side TMS tightly wraps the trade execution cycle with pre-trade, in-trade and post-trade analysis. It tracks performance against various benchmarks and keeps both trader and client abreast of execution progress and results.

With EMS technology specifically engineered for high-volume trading, InfoReach OEMS enables rapid, high-capacity order staging and management. Traders can turn over even thousand-name baskets in seconds.

Built-in algorithms, integration with hundreds of third-party algorithms, connectivity to a wide array of global markets and the ability to customize execution and routing logic provide sell-side traders with superior set of tools to improve execution performance.

Get the power to do more with a single trade management system:

• Automate the complete trade and order management process–from receipt of client orders to post-trade analysis of execution to regulatory reporting (OATS and TRF/ACT)
• Manage facilitation, agency and principal trading, market making, pre-trade checks, execution errors handling and regulatory reporting
• Boost performance with advanced single-stock and list-trading capabilities–including index, pairs, and multiday basket trading
• Quickly access liquidity and employ algorithmic strategies across multiple venues and destinations with our FIX-based connectivity network
• Seize moment-to-moment market opportunities with interactive charts, graphs and heat maps
• Monitor all global trading positions (executed, partially executed and working orders) in real time across instruments and accounts
• Manage risk with automated risk controls. Apply a hierarchy of safeguards and limits across a spectrum of variables (such as trader, instrument, position, unit and destination) and trigger alerts to adjust trades or block orders

In addition, InfoReach trade management software can be integrated with our HiFREQ algorithmic engine to facilitate throughput of tens of thousands of orders per second at sub-millisecond latency. HiFREQ provides all the essential components for the creation, testing and deployment of high-frequency strategies. To learn more, visit High-frequency algorithmic engine.

Create a customized trading environment with lightning-fast deployment

While the InfoReach OEMS comes with most trade-ready functionality “out-of-the-box,” it can be customized to meet your specific trade management and execution needs. With your choice of on-site installation or hosting at any of our global data centers, InfoReach averages an industry-leading deployment time of just 3 weeks

To learn more, contact InfoReach

Web-based multi-broker trading with a free online trading platform

Access multiple brokerage trading desks and algorithmic execution services around the world from any Internet-ready PC using our Brokereach trading portal (www.Brokereach.com). This simple web-based application allows you to consolidate orders and executions across multiple venues and monitor trading activity in real time. You can connect to an unlimited number of brokers through a single point of access at no cost.

To learn more, visit Brokereach

InfoReach offers a Direct Market Access (DMA) infrastructure for connecting the sell side to trading destinations around the world directly or through DMA brokers. Our OEMS clients also can extend DMA service to their buy-side clients–allowing them to compete more effectively for business.

With ready connectivity to major global sources of liquidity including exchanges, ECNs, MTFs, ATSs, FX dealers and banks, sell-side firms can increase the level of trading services they provide to clients. And with trading technology that supports exchange-specific order types, traders can streamline order management and improve trade execution.

Engineered for reliable, high-performance trading

As with all InfoReach technology, our DMA infrastructure is specifically engineered to support low-latency, high-volume trading. Our flexible and scalable architecture can be configured to support global DMA requirements of high-speed, high-throughput algo systems through to enterprise order management and execution. And multiple co-locations at strategic global data centers allow us to provide you with faster and more efficient market access.

As a trusted provider of independent, enterprise-strength trading technology since 1995, InfoReach offers the proven reliability and unparalleled service your firm can count on to deploy–and sponsor–true direct market access.

Get reliable, high-performance connectivity to any destination in the global Financial Information Exchange network (FIX) with a minimum of time and cost. The InfoReach FIX Network (IFN) supplies FIX connectivity to major global sources of liquidity for equities, options, futures, forex, fixed income, interest rate swaps. You can access exchanges, ECNs, MTFs, ATSs, dark pools, FX dealers and banks, and other counterparties through a single gateway.

Our unique architecture for Financial Information Exchange connectivity ensures superior performance, reliability, low latency and high throughput. IFN can handle extremely high volumes of orders, amends and executions–including multiple baskets of thousands of names each.

Distinctive multi-hub model eliminates bottlenecks

Typical hub-and-spoke networks supply FIX connectivity through a single point (the hub) to multiple trading participants (the spokes). But because ALL messaging from ALL counterparties must first be received and parsed by the same shared hub before being routed to the appropriate destinations, bottlenecks in message queue and throughput are common.

Our Financial Information Exchange network provides multiple connections (hubs) via individual broker gateways. Trading participants can send orders and receive executions concurrently, thus ensuring greater throughput and faster global market access.

Convenience and reliability

IFN offers complete FIX administration, connectivity management and 24/7 global support. All provided by an experienced FIX networking team who relieves your organization of the technical workload and burden of responsibility. What's more, IFN's high-availability system architecture, multiple gateways/hubs and redundant network infrastructure ensure reliability for your trading operations.

Ideal for firms who want the benefits of a high-performance FIX messaging infrastructure and connectivity at an affordable price, the InfoReach FIX Network is available for immediate deployment. To learn more about our Financial Information Exchange connectivity, visit InfoReach FIX Network.

The sell side's ability to provide execution algorithms to the buy side in a timely manner is an essential component of competing for client business and gaining order flow. InfoReach technology was designed from day one to enable the development and roll-out of algorithms with the highest level of efficiency.

To begin with, our OEMS includes a suite of pre-built algorithms for popular execution strategies. And we supply the source code so that clients can easily customize and back-test algorithms.

The InfoReach Sell-Side TMS also features a black-box development environment for you to create, back-test and use proprietary trading strategies. Scalable architecture enables you to run multiple strategies concurrently and deploy them across multiple servers at various destinations and data centers.

For low-latency, high-frequency trading (HFT), InfoReach offers our HiFREQ algorithmic engine. You can develop, test and customize algos for trading equities, futures, options and foreign exchange with throughput capacity of tens of thousands of orders per second at sub-millisecond latency. To learn more, visit High-frequency algorithmic engine.

In addition, InfoReach provides access to algorithms across multiple asset classes from more than 40 global brokers and third-party providers. Seamless integration with our OEMS enables traders to quickly deploy strategies to gain an advantage in rapidly-changing and fiercely-competitive markets.

No matter which solution you choose, InfoReach technology can save you the time and cost of developing your own algos from the ground up. And our low-latency connectivity network can help ensure the best execution performance in today's global markets.

Learn more about the execution algorithms available through InfoReach trading platforms

Broker algorithms

Algo customization

Pre-built algorithms

Improve execution quality, optimize trading strategies and boost operational efficiency with enhanced, interactive trading analytics and Transaction Cost Analysis (TCA). InfoReach Second Opinion is an independent service that integrates pre-trade and historical transaction cost analysis with real-time analytics to help you preserve alpha and reduce transaction costs.

Pre- and at-trade analytics forecast trading costs and market impact for current market conditions. An interactive format helps traders quickly choose and adjust execution strategies based on moment-to-moment changes. And post-trade analytics assess execution performance and costs once a trade is completed.

Second Opinion also spares traders time and tedium when using pre-trade analyses to set up execution strategies for large baskets and portfolios. This can be a substantial advantage when dealing with hundred- and thousand-instrument portfolios.

More accurate projections for real-time order execution

Second Opinion goes one step beyond typical TCA software by factoring in real-time trade and market variables–including volume, volatility and market trends–as well as the progress of an intended order execution. Based on market conditions and execution status, it re-estimates projections and updates you of any significant change in forecast. Traders then can adjust the course of execution for residual trades throughout the day to pursue alpha and reduce risk.

Seamless integration with other providers

Second Opinion comes integrated with InfoReach trading platforms or is available via API as an independent, broker-neutral service. Also, it can integrate TCA software from other providers, allowing you to view and compare trade assessments from multiple sources on one screen. Traders can view trading analytics directly from their trading blotter or any other component of their trading environment.

To learn how Second Opinion can help you improve the quality of trade execution for individual instruments and portfolios, visit Transaction cost analysis