New version of the Module of electronic execution of sales QUIK EES

26 august 2016

Infrastructure solutions

ARQA Technologies released a new version of the Module of electronic execution of sales QUIK EES – 2.1.0

The main innovations are connected with supported algorithms:

EES1 algorithm supports full (without forwarding client orders to external trading venues) or partial order execution on the internal market of the Module.
EES1 algorithm operation can be adjusted so that the trade price is equal to the order price.
When an order is executed on the internal market of the Module the market price can be defined by the worst or average price available on the market.
For EESFX algorithm it is possible to set a restriction on the value of order price deviation from prices on the internal market of the Module or prices on external trading venues.
OTC reporting of trades executed on the internal market of the Module to external systems now allows to disregard exchange executions. It also operates correctly when OTC-trade registration fails on initial attempt.

A number of changes make the Module more user-friendly for work:

The Quote table with QUIK EES classes now translates the following parameters: algorithm type (EES1, EES2, EESFX), type of applied spread (as an absolute value or as a percentage of the market data).
For EES2 algorithm it is possible to set a restriction on the quote price change - when a source price changes slightly, EES2 quotes do not change.

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