Selero: Services: Selero Trade Execution


	Order Routing

	Dominet

	MPLS IP/VPN


	Trade Execution

	Broker Dealer

	Consulting

	Services : Selero Trade Execution

Selero Trade Execution

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“The Selero Trade Execution system is at the forefront of automated market making in listed stocks.”
-- Head of Internalized Trading, Major Broker Dealer

Selero Trade Execution (STX) is an equity trading system designed for specialists, market makers, proprietary traders, exchanges, and internalization.

Proven and robust

STX was originally designed by a regional stock exchange to attract liquidity. Since its launch in 2002, it has been in the hands of blue chip firms, and execution volumes have grown consistently. In addition, the System has always used the Selero Dominet network for order routing and exchange connectivity. So the marriage of STX with the Dominet network under one company is a natural step in the evolution of the System.

Advanced capabilities

STX offers rich out-of-the box functionality and counter-party connectivity while also supporting easy custom configuration by traders based on their unique trading strategies and market conditions. In particular, it supports:

Near full automation of trade execution: With STX, traders can automate as little or as much of the order flow that crosses their desks as they want. They can use the system as a black box, or they can use it as a way of automating only the most straightforward trades. Either way, the system executes exactly as expected, with no surprises.

Configurable trading strategies: STX provides functionality for implementing popular trading strategies, and it gives traders the ability to easily set parameters and thresholds for actual trade management and execution.

Configurable interfaces for optimal market insight: STX allows traders to configure the system’s interfaces for fast decision-making, for example: users can specify desired depth of book to be displayed, size of orders to be displayed, data column sequence, montage default size, order quantity, and so on.

Intra-day strategy modification: With STX, traders have the flexibility to set and change trading parameters for individual trading strategies applied to individual stocks at any time allowing traders to make real-time adjustments to their execution strategies in response to real-time changes in stock behaviors.

Regulatory compliance: STX is designed to help traders stay within regulatory guidelines through built-in features that derail attempts to execute certain types of trades that are not in compliance with market centers.

Proprietary trading: Delivering efficient trade execution for customers and maximizing the potential returns that can come from managing order flow often entails taking proprietary positions. STX provides proprietary trading capabilities.

Internalization: STX allows client order flow to be internalized according to multiple parameters set by the trader. These parameters can be set by # of shares, symbol, capitalization value, price, price range, new market high/low, partial order and price improvement (rule 605)

Features

Configurable strategies

Price improvement
Auto quoting
Manual handling
Auto marking to primary exchange
Primary trade protection
Speed bump

Intuitive user interfaces

Quote watch
Montage
Order book
Proprietary orders
Manual quoting
Customer order
Order detail
Market opening
Streamlined for fast manual trading

Team trading

Reports

Fast, robust connectivity

System administration

Hosted service

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