Caronte OMS is the Order Management System enabling automatic workflow management between Sales or Customers and Traders.
Caronte OMS is the all-in-one, Order Management System to execute orders coming from different channels, such as retail banks, Trading On Line (TOL), institutional customers, to over eighty financial markets, recording every stage of the process with a very broad set of functionalities.
Orders can be sent directly to the market (DMA), use algorithms, be evaluated by a Smart Order Router (SOR), or executed manually by traders.
The SOR module is the MiFID compliant solution that ensures best execution for multi-listed instruments, through a combination of a weighting system and a rules mechanism.
The order flow is managed automatically through several controls and routing rules. The system can automatically enrich order parameters and manage market phases, also providing Limbo function for routing orders not compatibles with the market status. It is possible to send Request for Quotes, IOIs or insert OTC trades manually.
The system allows to control the status of each order and keeps track of all events.
Middle Office functionalities provides the possibility to allocate trades to accounts and to send trade confirmations.
Caronte OMS offers: