New version of UTP WSE trading interface
ARQA Technologies released a new UTP WSE trading interface – version 2.1.0.
This interface provides access for QUIK broker system to the trading venue of Warsaw Stock Exchange (WSE) – its new trading platform UTP.
The distinguishing feature of this version is much broader functionality of order processing. As for main trading modes at WSE support is now provided for exchange cross orders and order replacement by the exchange. A new type of order has appeared - MarketToLimit – which after being partially executed leaves a trace in Level II quote in the form of a standard limited order with the price of the first execution.
To facilitate the opportunity to forward address orders a new trading mode has been supported – ‘Negotiated trade mode’ – available in 4 instrument classes: stocks, bonds, options and futures.
Other significant changes include:
- Support for trade cancellations by the exchange. In such situations in order to maintain correct limits QUIK forms another transaction with the same parameters as those of the cancelled one but of reverse direction. The original transaction’s result remains unchanged.
- It is now possible to operate several trading accounts registered at WSE.