GATElab MiFID compliant solutions for multi-asset  cross-markets price-taking and market-making are integral part of its suite of components. It satisfies requirements in:

• pre-trading and trading phases, with intraday risk control using traderpath and algoritmicpath, for the algorithmic support,
  

• post-trading needs like transaction reporting, transparency obligations, other than forwarding trades and orders to external position keeping and back offices systems with dealpath.

traderpath fulfils the request of financial institutions for a single front-office platform to interact with electronic financial markets and information providers. It is a high performance environment used by professional traders for real time quoting, trading of multiple instruments in multiple financial markets and information providers, allowing easy and cost-effective integration with external Pricing Servers, Position Keeping Systems and Back-Office applications.

Built with a component-based architecture, traderpath widely uses plug-in techniques that provide a fast expansion of its environment (addition of new functionalities and new markets, information providers, MTFs, etc.), as they make it easy to insert new quoting and trading strategies that can be implemented by using algorithmicpath (more info...), the high-performance server-based environment used to develop, execute and control algorithmic strategies.

As front-office platforms (interconnected to several electronic markets and ECN/ATS) produce a more and more dramatic transaction volume increase, the issue of routing multiple instrument orders and trades and currencies efficiently and cost-effectively to position-keeping, middle and back-office systems is becoming increasingly crucial.

GATElab dealpath provides a smart and easy configurable solution to address this issue by forwarding orders and trades, captured from a wide number of markets for multiple instruments in real-time mode, to various different, nonexclusive destinations such as: position keeping and risk management systems, middle and back-office systems, post-trading transaction reporting and post-trading transparency sites.

By means of user-defined dynamic rules, dealpath can both manipulate orders/trades and find the right destination for each item.

With play-back and reconciliation functionalities, fault tolerance and high performance, dealpath represents the single environment for all Banks and Financial Institutions to feed all types of post-trading systems for trade audit trail, compliance checks and order tracking in a fast and accurate way.

TRADERPATH FEATURES

• manual-automatic quoting in regulated markets and multilateral trading facilities
  

• dissemination of prices towards information providers, internal sales force and internet
  

• market watching and trading with fast-order entry
  

• manual-automatic RFQ answering

• dynamic configurable operational limit per desk, group of users, single user
  

• mark-to-market position keeping system per portfolio, market, instrument
  

• third-party pricing system and position keeping system integration
  

• fast and easy building, executing and control of proprietary trading and market making models using high-level rule-based (event-actions) language
  

• fault detection and handling plus load balancing architecture
  

• internet/intranet/extranet deployment

DEALPATH FEATURES

• fully scalable high performance environment
  

• fault detection and handling plus load balancing architecture

• multiple-source (markets) and multiple-destination (position keeping, middle-office, back-office systems) capabilities
  

• configurable order and deal rules for automatic editing and subsequent insertion
  

• playback functionalities for retrying failed routing operations

• reconciliation functionalities for retrieving and routing all daily activities
  

• reporting facilities for tracing all daily activities
  

• quick implementation of new gateways through proprietary language