Quick Suite Trading is available as a custom enterprise solution or on a managed ASP solution. CVS fully automates your front and back ofﬁce workﬂow, eliminating manual processes.
Combining all of the elements of the QST solution stack makes your FCM more efﬁcient and gives better information to your clients. For example, when a new product is listed for trading, you conﬁgure it once, and it is instantly available for quoting on the front end, trading on the order routing environment, and margining and clearing in the back ofﬁce.
Advantages of the Quick Suite Trading system
Quick Screen Trading (QST) offers software applications for real-time streaming futures and options on futures quotes, highly reliable and accurate data, internet based mobility for anytime/anywhere access, professional, advanced tools, the best combination of sophistication, usability, performance and price.
Quick Order Routing (QOR) is the fastest order routing in the industry with pre-trade risk controls that are accurate, including not just outrights but short options and strategies as well.
The QOR front-ofﬁce trading system integrates seamlessly with the exchanges and back ofﬁce system to provide high-speed order routing, comprehensive pre-trade risk management, and front-end trading applications and APIs.
Quick API (QAPI) provides an interface for automated trading systems for both order management and market data. The order management API is based on FIX 4.4. The market data API supports both Windows and Linux and Java, providing normalized binary data to ATS applications. Because the Quick API is part of our market data infrastructure, all market data entitlements are seamlessly integrated into our billing and exchange reporting platform. Quick API users can access our connectivity via either a virtualized Windows or Linux-based server or bare metal within our data center. This infrastructure is built on end-to-end 10gb ethernet connectivity and a mix of Intel 5th and 6th generation hardware. Combined with our low-latency pre-trade risk controls, this offers automated traders a ﬂexible range of price and latency options.
Quick Back Ofﬁce (QBO) system offers software that revolutionizes the derivatives back ofﬁce function. Traditional “batch processing” has been replaced with real-time applications. Other back ofﬁce systems have long been known for their end-of-day processing. With QBO these processes are performed real-time, eliminating the required down time for overnight processing.
As with all of our products, QBO integrates seamlessly with our front-end trading systems and our order routing system. Taking advantage of a common data set is one of the reasons that QBO is changing the way we view the back ofﬁce.
Quick Pre and Post Trade Risk Management (QPPR) utilizes a proprietary portfolio margin engine that has been engineered from the ground up for both performance and accuracy. QPPR currently implements SPAN margins, with other portfolio margin engines currently under development. Using our proprietary pre-trade risk solution, we have achieved full SPAN margin checks on real-world portfolios with latency as low as 60 microseconds on commodity hardware. Our pre-trade risk controls are, as a result, simpler to conﬁgure, reducing the risk that human error will result in unintended consequences. Clients can trade complex options and strategies with the reassurance that they are trading within their risk parameters. Firms can allow their clients to do what they want to do—namely trade— with the conﬁdence that the client will not be permitted to over-trade.
Our post-trade risk solution utilizes option pricing formulas used by some exchanges for calculating their daily settlement prices. We leverage these tried and true algorithms with our uniﬁed database of ﬁnancial instruments and margin engine to automatically conﬁgure the orders-of-magnitude intervals in the post-trade risk computations. This gives risk managers the most accurate projection of risk across various parameters including, but not limited to price movement and volatility changes.