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November 13, 2008updated 06 Sep 2016 2:39pm

Patsystems releases algorithmic trading tool

Patsystems, a provider of services intended to enhance derivatives trading performance and trade processing, has released its algorithmic trading tool, AlgoServer.

By CBR Staff Writer

According to the company, AlgoServer has been developed to facilitate straightforward development and distribution of brokers’ proprietary algorithms to customers, along with integration with the company’s Order Management System for management and execution of orders.

Patsystems said that AlgoServer provides a framework for defining and developing algorithms for server-side implementation, including presentation of the algorithms as synthetic order types on the front-end.

AlgoServer includes all of the current functionality within Patsystems’s existing Synthetic Order Management System (SyOMS) product, including Iceberg, Ghost and Bracket orders. All algorithms can be either independent or integrated with existing systems.

The current version of AlgoServer supports single-contract algorithms. In addition to support for proprietary algorithms, three standard algorithms will be available: time-sliced orders, ‘with a tick’ orders, and OCO Limit Stops, said Patsystems.

David Webber of Patsystems said: In line with our goal to provide fully customizable solutions, AlgoServer can be used as a standalone front-end or integrated with our existing SyOMS. Traders can utilize AlgoServer’s ‘pre-packaged’ algorithms or their own proprietary algorithms, all with maximum speed to execution.

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