ELIDATA

"ELIWare CARONTE Order Routing" is the instrument that most rapidly and completely links third party back-office/front-office systems to Italian and foreign financial exchanges. The high number of interfaces available and the modularity of the product guarantee coverage of the most complex needs of any kind of organisation.

Functions

The packet, depending on the components installed, can either be used as a router engine for orders coming from various sources and going towards data communication markets or as a collection system for contracts produced on the market by other instruments. The functions used in the present version are:

• Routing with banks with a validation process linked to the markets concerned
• ROUTING SIA interface
• FIX interface to order/annulment feeding systems other than public routing systems
• Interface in original modality with CAD IT’s “Finance Area” for order/annulment acquisition 
• Order/annulment validation engine (market opening, times, phases, blocks, closing, etc.)
• Customised client/market acceptance grids
• Configurable management of cumulative transactions
• Security data management with automatic feeding by market drivers and the management of the different market access codes
• Client data and contract conditions (commission and expenditure calculation)
• Access to domestic and foreign markets
• Annulment management when market is closed
• Able to acquire contracts for transactions made through market positioning
• Order sending, automatic annulments, market phases, security blocks, automatic management if connection is interrupted
• A routing channel for orders belonging to a particular type (premiums, un-managed markets, etc.) can be defined
• Management of care orders coming through interconnection
• Graphic monitoring of the entire order flow
• Market situation monitor
• Distribution graphs of the daily load
• Statistics and graphs of daily and past order flows
• Monitoring of security situation and past notifications of suspensions/readmissions
• Order input/modification/cancellation on all markets
• Reports on issued contracts.

Thanks to the use of a RDBMS for data storage, targeted extractions and analysis of any kind can be made at any moment using the products supplied or with the appropriate integrations.

Scalability

The system has been designed with the aim, among others, of being modular and scalable according to the various requirements. Innumerable interfaces parallel to the same channel for each individual system module can be configured. Every single instance, however, unless particularly obliged, preserves the property of the messages that have passed through, guaranteeing that messages can return by the same channel that routed the order or annulment.

The features of our offer

• Scalability and inexpensiveness of an investment made-to-measure to specific requirements
• Multi-channelling and integration compatibility with the main systems available on an international level
• Top-range qualitative standards in terms of performance and functions
• High quantitative performances in terms of the volume of transactions managed. 

Strong points

CARONTE is the fastest and most complete Order Management System available on the market. Below are some technical data:

• Average transmission time (from system entry to delivery at market): 120 msec
• Average answer time (from market notification to delivery at B.O.): 250 msec
• Average sorting time: more than 20 orders per second.