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Our experienced Trading Technology Team provides technology solutions focused on our clients’ needs.
The services provided by this team include:
- Order management system connectivity;
- Electronic order routing;
- Automated floor information delivery;
- Distribution of Indications of Interest from our trading desk;
- Customized trading and compliance reporting; and
- Support of our straight-through processing systems.
UniversalAccess Products
- Universal Trader (UT)
This LaBranche Financial Services proprietary application is available to you at no cost. UT is an easy-to-use order management system that is Internet-deployable. You can be trading with UT in just a few minutes.
- FloorFocus
This simple-to-use, no-cost application enables you to request NYSE floor information activity and receive periodic, unsolicited market looks directly from our floor brokers. You can receive information on all securities traded on the NYSE.
- OMS Connectivity
Our trading platforms are interfaced with virtually all financial order management systems and networks, including: MacGregor Financial Network (MFN), TradeRoute (ATR), Bloomberg, Sungard Transaction Network (STN), NYFIX, Reuters, Belzberg, Transaction Network Services (TNSI) and Radianz. Our broad network presence provides a turnkey solution for client electronic access to our trading destinations. Since we are FIX-certified with the majority of vendor order management systems, electronic connectivity is generally completed quickly. Our dedicated technology team is also available to develop connections to clients who have proprietary order management systems.
Trading Floor Technology
Indications-of-Interest (IOIs)
We are completely integrated with Reuters Triad system. Clients may receive LaBranche Financial IOIs on their Autex terminals, Bloomberg terminal or Bridge (Reuters) terminal. Or, if you desire, a custom link can be created directly into your Order Management System.
Lava Trading System
For eligible “do it yourself” clients who require smart routing capabilities, the Lava Trading System (Lava) is available. This sophisticated state-of-the-art application consolidates all ECN books and provides multiple smart routing algorithms. Lava is a standalone application that is interfaced with our trading systems to ensure proper customer service and timely, accurate booking of all trades.
Automated Clearing and Allocation Systems
Allocated trades are booked in real time and immediately reported to DTC. Our trading and back-office systems are fully integrated with Omgeo’s ALERT Direct and OASYS Direct systems. If desired, clients may provide trade allocations via flat files or the LaBranche Financial Services allocation web page. In these cases, a customized interface will be developed to map client formats to our standard format. This allows us to handle most client allocations electronically -- streamlining mid-office processing and reducing trade problems associated with manual keying.
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