HTX provides comprehensive order management seamlessly integrated into HTX Pro Execution management software. The system provides a centralized order blotter, a robust permissioning system, electronic connectivity to both internal and external customers, and pre-and post- trade allocations - all in a consistent, intuitive interface.

Manage orders through a centralized order blotter

Orders can be manually or electronically added to a centralized order blotter thatcan be shared among multiple traders. All or part of an order can be directed to an exchange, to the built in algorithmic engines, to any one of the advanced applications like HTX Pairs or List trading, or another desk or broker. The blotter will keep track of the status of the order, average prices, leaves quantity and much more, while preventing overtrading

Intra-firm Order Routing

Orders may be routed intra-firm, between trading desks, branch offices, portfolio managers or any other source with either an HTX Pro terminal or FIX compliant system

Post Trade Allocations

Allocations may be entered post trade in cases where pre-trade allocation is not appropriate, such as cases where a single order represents a group of accounts. A simple interface allows the user to allocate an order to one or more accounts after the executions have taken place. Built in safeguards assure that no orders are over-allocated and that allocations are only placed in valid accounts. Once the post trade allocation has been done, the information will seamlessly flow to the clearing interface.

Multi-user, Multi-Tiered Permissioning and Visibility

Clients can be permissioned to view not only their own activity, but HTX also
provides for shared visibility among peers. Heads of desks, branch managers,
and risk managers can be permissioned on any of several tiers up to global
level to monitor appropriate activity. Also, account representatives can be
permissioned to view their client’s activities.

Pre Trade Allocations

In cases where a single order is known to belong to a particular account prior to execution, the appropriate account may be chosen when entering the order. The information will seamlessly flow through to the clearing interface without further intervention.

Receive orders from customers

Customer orders can be received through HTX Pro terminals at the customer site or a variety of other sources including customers’ OMS systems and in house FIX compliant systems. The orders appear in the centralized blotter to be worked by one or more traders.