Object Trading’s Direct Market Access Platform provides access to more than 60 global equity, derivative and FX exchanges for both market data and order execution. The system supports both click trading and black box or grey box algorithmic trading.
Object Trading offers two distinct Deployment Models, as follows:
Software Only Deployment Option
The software only option, open to buy-sides and sell-sides who prefer to manage market access infrastructure internally, allows clients to license components of the FrontRunner Suite of products. The suite includes the Order Execution Gateway (FrontTrade), Market Data Feed Handler (FrontPrice), and the Pre-Trade Risk Controls (FrontRisk). It also includes the normalised API or FIX interface.
Clients who select this option deploy the software on their own premises and infrastructure. Object Trading manages all exchange upgrades, and provides update files that the client can easily install to conform with exchange upgrades. While these updates handle the exchange connections, there is no need for changes to the client-side API or FIX interface.
Fully Managed DMA Service Deployment Option
The fully managed option meets the needs of buy-sides choosing on-demand market access independent of their prime service relationships, while also extending the capabilities and offerings of the sell-side, without having to buy and maintain infrastructure. This option includes all the software listed above, but it’s deployed and operated by Object Trading on our infrastructure. Object Trading provides client services and infrastructure services – including exchange co-location, software, hardware, connectivity, client on-boarding, monitoring and support.
Clients who select this deployment option write once to our API or FIX interface. Then we do all the rest. Object Trading manages all exchange upgrades as they occur, and updates the deployment. These updates do not change the normalised interface through which clients connect, so your IT teams won’t have to worry about monitoring exchange updates or upgrading your connected trading systems to conform. Now you can focus your talent on your trading strategies instead of keeping up with exchange updates.
|Fully Managed DMA Service||Software Only|
|Hosting||Co-location with major derivatives venues in 7 key financial centres globally.||Client provides|
|Connectivity||Local and away market connectivity, cross connects, separate connections for market data and execution.||Client provides|
|Logistics||Hardware procurement, installation, configuration, staging and maintenance.||Client provides|
|Order Execution Gateway||Included||Included|
|Market Data Feed Handler||Included||Included|
|Pre-Trade Risk Controls||Included||Included|
|Normalised Interface – API||Included||Included|
|Normalised Interface – FIX||Included||Included|
|Engineering||Access to subject matter expertise, continual performance optimisation and product enhancement with out of hours maintenance and upgrades.||Client provides|
|Client services||Buy-side onboarding, documentation for all client and system configurations.||Client provides|
|Testing “sandpit”||Test environment included for both market data and order execution testing. Once completed, customers move to pre-production testing to ensure full trade life cycle functionality. Test and production market access infrastructures are like-for-like.||Client provides testing environment. Software includes price record/replay mechanism to allow captured sessions to be replayed at a specified rate.|
|Supervision||Compliance, capacity management, change control, standard operating procedures.||Client provides|
|Security||Client trade flow segregation, physical access controls, user access restrictions, network security, password security, external vulnerability scanning.||Client provides|
|Infrastructure||High performance servers, fault tolerance, infrastructure and latency monitoring.||Client provides|
|Support||Premium support 24×5.5 with dedicated support personnel, mandated escalation and proactive monitoring.||Client provides tier 1 support, Object Trading provides tier 2 support.|
Learn more about the Order Execution Gateway, Market Data Feed Handler, and Pre-Trade Risk Controls
Choose a deployment model that best suits your business
Check out our locations and connected markets
Learn more about our screen vendor technology partners.
Read about our conformed brokers
How decoupling market access from trading screens saves money
Why you should resist the temptation to buy everything from a single vendor
How buy-sides are dealing with sell-side retrenchment
Exchange Connectivity Technology: To Build or To Buy?
Managing Slippage, Liquidity Fragmentation and Volatility