Iris Equity TraderTM is designed for global institutions and offers the most comprehensive range of functionality, the industry's most advanced technology infrastructure, and unprecedented flexibility - all delivered faster than traditional packaged applications.
Iris Equity Trader addresses the complete range of equity trading styles:
- Single stock/block trading
- DMA (Direct Market Access)
- Algorithmic trading
- List/program trading
Iris Equity Trader includes full trading functionality:
- Order management
- Market data management
- Trading (including internalization and electronic market management)
- Position management
- Risk & analytics
- Trade management (Processing)
- Maintenance functions
Features and Functionality
Iris Equity Trader provides full functionality for a trader to trade and track equity positions and to analyze risk in the markets of Europe, North America, and Japan.
Iris Equity Trader includes the following features and functionality:
Order Management
- Single orders, DMA or basket level
- Order validation and capture
- Order aggregation
- Order slicing
Market Data Management
- Interface to all major vendors
- Apply price and quote information to current orders, executions or positions
- Drive real-time P/L calculations
Trading
- Single Order or basket-level:
- Order routing
- Execution management (manual or auto-trading / limit order management)
- Execution validation and capture
- APIs for algorithmic trading
- Manual trade entry
- Internalization/crossing
- Average pricing
- Trade blotters
Position Management
- Single Order or basket-level:
- Monitor positions
- Monitor real-time P/L
- Drill-down to transactions
Risk & Analytics
- Monitor factor exposures for portfolios of positions or orders
- Principal components models
- Plug in third-party risk analysis models
- Slice positions or orders by liquidity, industry, and other factors
Trade Management & Processing
- Electronic interfaces to back-office systems
- Transaction browsing
- Allocation
- Cancel/correct
- Confirm generation
- P/L support; FIFO and specific identification inventory methods
Maintenance
- Maintain instrument data
- Maintain index universes
- Maintain users and user groups
- Maintain books, accounts, and counterparties
- Maintain commission schedules
- Maintain calendars
Connectivity
- Provides infrastructure and allows for operation across multiple electronic markets
- Integrates to any market gateway product, by leveraging existing technology components
- Permits rapid integration with appropriate market data, static data, and trade feeds
Instrument Coverage
The system currently supports all styles of equity trading in the following regions:
- North America
- UK, Continental European, and Scandinavia
- Japan
Flexibility and Scalability
Because Iris Equity Trader is built using our component-based development platform, it is inherently flexible and scalable - our applications allow our customers to leverage maximum functionality, while working in a manner that is perfectly suited to their businesses.
Our applications adapt to our customers - not the other way around. Our customers work and generate profits in their preferred and proven ways using Iris' configurable products.
Planning For The Future
We will enhance Iris Equity Trader over time with new releases planned for the first and third quarters of each year. In subsequent releases, we will extend functionality for all currently supported instruments, including additional sales support and operational features. We will also incorporate more derivative capabilities in later releases. Should customer demand or priorities change, these plans may be altered to deliver particularly important features earlier in the development cycle.
