QUANTUM3X - IRAIC SME Stock Exchange

          

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The SCBB Front End combines ultrafast order entry with a high  degree of flexibility. The front end comprises an integrated suite of  applications designed from the ground up to present a rich, responsive  and consistent interface.

The SCBB Front End has an emphasis on speed, displaying market  data and routing orders as fast as possible. Unlike other trading systems, the SCBB architecture places the complexities and workload  of the trading system onto the servers, freeing the front end to focus  solely on trader interaction. SCBB responds instantly, even in the  busiest market conditions.

Uniquely, every aspect of the front end, from price ladders and grid  view, to order book and spread matrix, is fully customisable, allowing  traders to tailor their screen look and feel to that of their existing  system. This minimises migration disruption and the time out of the  market that is traditionally associated when switching to a new trading  system, whilst the trader benefits from the enhanced performance and  functionality provided by SCBB.

SCBB provides comprehensive pre and post trade risk control. The  SCBB Risk system is an integral part of the SCBB architecture, analysing all order flow and position updates on a real time basis. Risk  managers may set limits at a variety of severity levels, with warnings  delivered via visual, audible and email alerts. The SCBB Risk front  end provides the risk manager with a one-stop overview of all account  activity.

• All standard trading screens, including grid view, price ladder, spread matrix and time and sales.
• Powerful synthetic order types, including stops, icebergs, brackets,  OCOs, and conditional orders. All synthetic order functionality is  server based for maximum performance.
• SCBB Charts is a fully integrated charting package. Powerful and  simple to use, charting both exchange-listed contracts and user-defined  synthetic spreads.
• Multiple workspaces per trader for quick switching to alternate screen layouts.
• Full account based pre and post trade limit checking.
• Fast Excel integration using the SCBB Quantum Server 3X.
     

• Clean, intuitive interface
• Promotes instant familiarity
• Reduces initial learning curve
• Minimises migration disruption
   

• Bracket orders
• Stops and trailing stops
• OCOs
• Conditional orders
• Icebergs
• Contingent orders
     

• All industry standard trading windows
• Complete customisation possible
• Single click or ticket based order entry
• Simultaneous submission for multiple orders
   

• Ultrafast order entry
• Intuitive visualisation of the market
 

• Configure multiple order books for different products or accounts
• Filter via transaction/order type
• Configure sounds on submit, amend, pull, hold, unhold, shatter, partial fill, complete fill
• Hold/unhold function
• Shatter orders function
• Convert to bracket or OCO
     

• Extensive range of keyboard shortcuts for fast trade entry
• Different trading functions can be assigned to each mouse button
 

• Set default parameters for a variety of order types based on product or series.

• Intuitive display of spread markets
• Complete configuration of matrix data
 

• Position and P&L information
• Summary display of multiple accounts
• Drill down mechanism for further detail
• Limit breach alerts with colour coded severity warnings and sound alerts
   

          

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The SCBB MisionCriticalMachine is the ultimate cross-market cross-product  spreading tool. It has established a reputation for unrivalled  performance and innovation, out-performing competitor products and  leading the industry with new functionality.

The SCBB MisionCriticalMachine automatically works inter-market spreads on the  trader’s behalf, managing leg orders and balancing the spread as  required. Complex trading strategies can be implemented, with the SCBB MisionCriticalMachine capable of executing spreads with up to 20 legs, any  number of which may be working in the market.

In today’s markets automated systems frequently compete with one  another. To be effective, automated spread execution demands exceptional  performance. Uniquely, the SCBB MisionCriticalMachine operates at the core  of the trading system – it is a server based system designed for  deployment within exchange colocation facilities. This allows it to  build upon the high performance order routing engine within the SCBB  architecture and respond to market movement as fast as possible. The SCBB MisionCriticalMachine harnesses the power of its server hardware whilst leaving  the trader’s workstation free to focus on order entry and price display.

• Automatically works inter-market spreads, managing leg orders and balancing the spread as required
• Fully integrated into the SCBB Front End, making the SCBB MisionCriticalMachine simple to use and configure
  
• User defined multi-leg strategies traded seamlessly alongside exchange listed products
• Complex trading strategies can be implemented
• No limit to the number of spreads
• Simple and intuitive spread definition process
• All of SCBB’s powerful synthetic order types are compatible with the SCBB MisionCriticalMachine
• The SCBB architecture delivers the same consistent performance when remote spread trading

• Single click or ticket based order entry
• Real-time overview of order activity showing current working orders, executions, spread completion status
• Spreads can be pulled or ‘shattered’ – cancelling the spread whilst  preserving any orders currently in the market, retaining order book  priority

• Simple to configure and view multiple markets
• Spreads viewed in identical manner to exchange listed products – in PriceView or dynamic ladder
• Easy to use layout allowing traders to view a large number of spread markets simultaneously

• SCBB MisionCriticalMachine architecture delivers the same consistent performance whether from home, the office, or from overseas locations
• Speed of line or power of workstation removed from the equation
• Even if the connection is interrupted, the SCBB MisionCriticalMachine continues  to work the spread safely at the exchange, responding to the market and  hedging as necessary
  

• Multi-level sensitivity settings for control of transaction rates
• Risk ratio
• Maximum tail size
• Conditional payup ticks
• Automatic finesse

• Simple and intuitive process
• Traders define a spread, specifying component legs and ratios then defining how the SCBB MisionCriticalMachine should work the spread
  
• No limit to the number of spreads or working legs

• Transaction counts monitored per trader/per exchange
• Risk manager able to define how many concurrent SCBB MisionCriticalMachine orders a trader can work at one time
  
• Risk manager able to limit the maximum number of working legs within each spread

         

          

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SCBB is an open system with a comprehensive API providing access  to all trading and system functionality. The SCBB API provides rich functionality in a consistent fashion and is the perfect tool for  implementing low latency, high performance black-box systems and integration with internal routing engines. The SCBB consultancy team  have extensive experience of proprietary development work and can advise  on bespoke projects.

The SCBB API provides access to all SCBB functionality and  business objects, from price capture and order submission, to risk  limits and user permissions. It is a 100% server-side, multi threaded  API available in C++ on Linux, Windows, Unix, OS or .Net.

          

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SCBB Internalisation facilitates the matching of order flow  internally within an organisation instead of at an execution venue. Sometimes referred to as Pre-Exchange Matching, benefits include  improved regulatory compliance, reduced trading costs and increased  trading opportunity. Seamless from a traders perspective; thereby having  no impact on day to day trading, no change in order entry method and no  change in position keeping. In addition, SCBB Internalisation is  compatible with SCBB spreadMachine, SCBB Quantum Server X3, SCBB API, synthetic  orders types and FIX order flow.

Key Benefits:

• Improved regulatory compliance: the matching of internal buyers and  sellers at an exchange can be deemed to be crossing and frowned upon by  exchanges and regulators. Internalisation is a very effective method of  cross prevention. Buyers and sellers are satisfied without exchange  visibility.
• Reduced trading costs: Internalised matching avoids exchange and central clearing house fees for both sides of the trade.  
• Increased trading opportunity: Exchange orders books can be large  meaning internal orders often have poor queue position and rest behind  large volumes in the central order book. Internal matching allows  traders to ‘jump the queue’ where a matching order has originated  internally.

         

          

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SCBB Market-Maker is a fully integrated market-making tool built  upon SCBB’s algorithmic engine, SCBB Quantum. Providing two-way order  entry across multiple markets, this one-stop shop provides high  performance market-making functionality with many features including  multiple hedging options, self-contained limit checks and exchange  obligation tracking. Coupled with deployment at SCBB’s numerous  co-located hosting centres, SCBB Market-Maker offers a compelling  proposition for the trader looking to satisfy the rigorous exchange  demands whilst maintaining the speed and performance to compete in  fast-moving markets.     

         

          

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SCBB Trading System’s ultra low latency Aggregator is the latest  addition to its server-side product suite. This feature allows users to  trade aggregated instruments on any number of exchanges, a powerful  rules engine determines best execution of those trades based on customer  preferences. The Aggregator is fully integrated with the SCBB spreadMachine, which provides customers the ability to create and trade  synthetic spreads where each leg of the spread is an aggregated  instrument of two or more markets. It is also fully integrated with  SCBB Quantum Server X3, SCBB’s ultra low latency algorithmic trading engine,  allowing algorithmic strategies access to aggregated markets.  Additionally, the Aggregator supports synthetic order types including  icebergs, stops, and brackets.