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The system provides a distributed architecture, implemented in such a way as to best exploit the technological solutions provided by trading venues. Interfaces optimized to receive market data from the interconnected trading venues and to send quotes/orders do ensure to YADO-Trading unrivalled performance.
Dedicated Evaluation Servers provide performance excellence in the evaluation of all asset classes. The price engine calculates and publishes instruments’ fair value and greeks. The Volatility Server calculates both the implied and operational volatilities. Volatility matrixes can be set manually, cloned, modified from existing ones. The Yield Server allows the yield structures management. An Index Server provides the index value of a list of securities or the value of a custom index.
Traders are provided with strategy templates specific for quotation or hit activities. The price levels to quote/hit are calculated by the integrated evaluation servers, starting from the prices of one or more driver instruments. ActiveX components allow traders to quote or hit prices or volatilities provided by third-party applications. YADO-Trading allows development of client-based, server-based or hybrid strategies.
YADO-Trading has available a powerful engine for strategie back-testing. When YADO-Trading is activated in simulation mode the system do highlight the trading opportunities, but don't send quotes/orders to the trading venues.
YADO-Trading offer the filters imposed by trading venues and by the regulators (frequency, quantity, countervalue, price variations). When the product is integrated with YADO-Position a position filter is also available.
YADO-Trading offers functionalities dedicated to market-makers and specialist. The product is optimized to react to operating signals and send hit orders (FOK or FAK), a hit counter is available to avoid overshooting. Massive quotes and orders cancellation features are also available.
The YADO-Trading client offers on-line execution reports, book in real-time, event management (pop-up, sounds) to provide the user with full control of its business. Portfolios are updated and displayed in real time in terms of positions, risk factors and profit & loss.
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