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Order Manager - Eureka

Eureka provides a light-weight, high performance order management (OM) layer to any trading application needing such functionalities. It can be embedded directly into the trading application itself as a library, or can be run as an independent application, connecting to other trading applications and exchange gateways via FIX interface or custom adaptors. This feature is unique comparing to other vendor and in-house solutions where order manager is always tightly coupled with the OMS GUI and could not be used as an internal, high performance OM layer by other applications.

Eureka is highly multi-threaded to take advantage of today’s multi-core servers. Processing of baskets and orders are highly parallel. Eureka supports common operations on basket (e.g., merge, amend, and cancel), wave (e.g., amend and cancel), order (e.g., amend, cancel, and cross) and execution (e.g., correct, bust, match, and unmatch). Persistence and recovery is optimized for the performance and risk goals of the customer. Synchronous or asynchronous persistence mechanisms to file and database can be configured and customized persistence schemes can be easily developed.

Via JMX, administrators can easily monitor the state of Eureka and troubleshoot and correct potential issues on-the-fly. Optionally, traders can use the Fixbytes OMS GUI to access Eureka’s full range of functionalities, minimizing the time and efforts needed to set up a separate OMS.

Key Differentiators

Support Basket operations such as Create, Amend, Cancel Baskets and Waves, and Merge Baskets
Support Order and Execution operations such as Create, Slice, Amend, Cancel Orders, Cross Orders, and Match, Correct, and Bust Executions.
Support for different range of asset classes i.e. Equity, Futures, Options, Fixed Income, FX
Deploy as a stand-alone, light-weight order management application, or embed directly into any trading application
Flexible order manager and exchange adaptors for fast integration into existing application environment as well as quick development of proprietary adaptors. Standard FIX adaptors are provided.
Powerful monitoring and control via JMX. For example, internal order book can be manipulated directly at runtime.
Flexible persistence and recovery mechanisms, e.g., persistence to file, database, or according to custom requirements, synchronously for better recovery, or asynchronously for performance, or both at the same time.
Parallel processing of baskets and orders to maximize performance
Multi platform supports
Local on-site tech support available
Cost effectiveness comparing to other commercially available products
Supports DMA, Agency and Algo Trading business
Support for different range of asset classes i.e. Equity, Futures, Options, Fixed Income, FX

For more details, please refer to Product Factsheet