Quick Suite Trading
Futures Trading Apps
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
- A choice of native front-end trading applications that run on all major platforms and are easy to deploy.
- A shared database between the front end and back office, providing consistency and simplified maintenance.
- Middle office technology in the front office space with allocations and average pricing done on front end.
- Broker order book management providing the ability to manage your book of business from one single platform.
- Pre-trade risk is set by your FCM, and trading accounts are managed through their gateway’s risk server. Additional risk controls are available within the front-ends and include fat finger controls, quantity limits, order type overrides, warnings, and confirmations. Invalid order requests are stopped and the user is notified before the order is ever submitted to the exchange.
- All quotes and fill/position pricing are displayed in a consistent format, with the correct decimal and minimum tick. Order management and entry is easy with one-click trading, meaning the user typically doesn’t type in the price, but can easily modify it.
- Options, as well as futures contracts, display the currency value of the instrument, not just the last trade.
- Positions can be monitored, offset or reversed via multiple means.
- Our hardware infrastructure is co-located in proximity to major exchange matching engines in secure facilities.
- We proactively design our systems to be secure.
- We work closely with our customers to provide frequent releases of our software to constantly innovate. Over the past 25+ years in business, we have developed a flexible approach to software delivery that allows clients to run multiple instances of alpha, -beta, -preproduction and -production with simplified fallback capabilities should any issues arise. This allows us to be agile in tailoring our solutions to a customer’s unique requirements while at the same time ensuring the solution we deliver is reliable, secure, and performant.
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.
- QST is a revolutionary futures trading application that combines fast and flexible order entry/order management with world-class charting, analytics, and real-time quotes and news.
- Order entry is pervasive throughout QST. From virtually any screen, you can enter and manage orders and fills.
- Integrated paper trading allows users to learn to use the interface and practice trading strategies. With the click of a button, users can toggle between paper and live trading.
- Cloud Settings allows users to save a copy of their desktop and to log in from another location and retrieve the exact desktop that they saved. Work from home or the office using the same screen layouts and configuration.
- The very same application gives you fully redundant access to market data replacing Futuresource, eSignal, DTN ProphetX, or any other quote terminal products. Save space by eliminating the need for additional space for duplicate monitors.
- North American futures exchanges, including CME Group, MGE, ICE-US, and ICE-CA. U.S. Equities including NYSE, NASDAQ, and AMEX. Delayed-only.
- Spot Forex rates on 170 currencies.
- Major global futures exchanges including ICE-EU, ICE-UK, Eurex/EEC, Euronext Paris, CFE, SFE, NZX, SGX, TOCOM, HKFE, OSE, and more.
- Efficient, intuitive, and consistent order entry: left click = buy, right click = sell. Unlike other products that display useless eye candy, the order entry function is simple and concise. It is truly a single action operation.
- Consistent user interface with multiple methods of interaction, including icons, drop-down menus, and keyboard shortcuts.
- Workspace metaphor with multiple tabbed workspaces divided into one or more internal frames. Frames can be pulled into external windows.
- Multiple monitor support.
- Infinitely configurable colors, layouts, and font sizes.
- Themes functionality allows user to easily create a unified color scheme throughout all the screens of the application.
- Templates for multiple frame workspaces, trading workspaces, and chart-link workspaces.
- Context sensitive month selection. Type a contract, and the valid month/year pairs appear in a window. Contract selection system allows search by category, exchange, description, and symbol. Simply click on the symbol to enter it.
- Contract details shows exchange, contract value, minimum tick size and value, open/close time, and margin requirements.
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.
- Common database from front through mid to back office.
- Fully synchronous with QOR, our order routing engine.
- Real-time commission and fees, visible not just in the back office, but in the front-ends as well.
- Real-time cash deposits and withdrawals, automatically propagating to the front-ends, if configured by firm.
- Run mark-to market statements anytime.
- Real-time margins and buying power.
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.