x

Trayport Products

Automated Trading

Trayport®'s Automated Trading (AT) lets you run additional execution strategies with Joule®, ensuring you are as close to the market as possible.

ORDER EXECUTION STRATEGIES

GHOST
Hidden order, seen only by your company, monitors market and executes when price is available.

DISCRECTIONARY
Shows the market an order level whilst allowing you to aggress at a pre-defined discretionary price that remains hidden from the marketplace if a matching order becomes available.

ICEBERG
Submit fragment of total order to market, with the ability to automatically aggress volume at the same or better price on the opposite side of the market. Total quantity of order is hidden from the marketplace.

ICEBERG DISCRETIONARY
Combines features of both Iceberg and Discretionary orders into a single order, allowing you to add Discretionary orders with a private hidden quantity.

MARKET MAKING
Quickly and easily manage groups of orders with a single click on any venue. Links to Excel in order to calculate prices and quantities for your orders. Helps meet Market Making obligations by allowing you to enforce a fixed bid-ask spread. Tracks your daily position in Excel on orders traded through the Market Making tool.

SPREAD MAKER
Trade a standard or bespoke spread without being transparent. Submit synthetic spread orders to market based on a given tick differential off another contract. Have the ability to simply quote or auto execute the balancing leg and import prices from Excel.

POWER SWEEP

Power Sweep can be used to quickly deal multiple orders in a single stack. It is similar to Deal Volume, however all orders placed using Power Sweep are either Ghost orders or Iceberg orders. This means that Power Sweep orders wait for any hidden volume at the better price, before dealing volume further down the stack.

EXECUTION ENGINE

AT is now available as a fully integrated additonal product in Joule.

Next Steps

If you would like to find out more please submit our contact form, or contact our sales team:

Tel: +44 (0)20 7960 5500

Downloadable Content

File:
Trayport Joule Automated Trading Market Matrix

File:
AT Overview