NeovestTM Product Information Trade
Management
Trading Desk Integration |
|
“Neovest’s pre- and
post-order management
features consolidate many aspects of the trading desk, improve
work flow, and enhance trader performance.”
|
|
In a trading environment where institutional traders, brokers,
and hedge funds increasingly deal with high volume orders, often
originating from multiple clients and worked by multiple traders,
Neovest’s order management capabilities give portfolio
managers the tools necessary to maximize their trading volume
and minimize their order execution time without affecting market
prices. Neovest’s Account window, Allocation and Bunching
tool, and Trade Management System provide robust solutions for
multiple order and account monitoring, dynamic collaborative
trading, and order management and distribution.
|
|
|
Basket Trading
Neovest’s Basket window allows traders to create target portfolios
of stocks and then execute specific orders to achieve their target
portfolios. Either before or after creating a target portfolio,
an individual trader may enter his current portfolio of stocks
into a Basket window and then utilize Neovest’s automatic
order generating feature to create the target orders that must
be executed for his target portfolio to be realized.
Neovest displays detailed real-time execution activity
regarding each Basket order and the outstanding open
positions in the Basket window. Each Basket window
also tracks the percentage of shares that have been
sliced, sent, and filled for each order.
Traders have full control over their Basket order
executions and access to Neovest’s Strategy
Server. Neovest provides its basket-trading clients
with a true multi-broker and destination-neutral
trading platform, allowing traders to electronically
route orders to all major ECNs, exchanges, floor
brokers, block desks, and popular algorithmic products.
Using Neovest’s Strategy Server, traders may
slice their large Basket orders into smaller, non-market-influencing
orders and execute individual trades or trading waves
of multiple orders.
Account Window
As traders complete and send orders in Neovest’s Order Entry
window, Neovest’s Account window displays the real-time status
of pending orders, maintains a current log of all positions, and
updates current profit and loss. In addition, this trade related
data can be monitored by both individual traders and portfolio
managers overseeing multiple traders and accounts.
Various data display fields provide essential account
information, such as real-time profit and loss; current
buying power and account value; long, short, and
total stock value; total contracts traded and current
options value; portfolio long, short, and total value;
and total buys, sells, trades, and commissions for
the current day. Managers can also choose to filter
account information by particular symbols, users,
or trade times; and they have access to over 150
analytical indicators per order, among six display
tabs (“Order Log,” “Orders Pending,” “Trade
History,” “Open Positions,” “Closed
Positions,” and “Average Prices”).
Allocation and Bunching
Neovest’s Allocation & Bunching window facilitates collaborative
trading and order distribution by letting traders bunch completed
orders that share the same symbol, side, and account and then allocate
shares of those orders to individual client accounts. Bunching
completed orders helps streamline the trading desk, whether grouping
the orders of one trader or many. When orders are bunched, the
various prices an order may represent average into one price displayed
with the bunched orders, which then facilitates equitable distribution
of the order among multiple clients.
The Allocation and Bunching tool also helps traders
streamline and automate their back office work. When
traders customize individual client accounts with
differing cents-per-share, flat-fee, and other miscellaneous
commissions, the Allocation and Bunching tool automatically
assesses the designated commissions and fees for
each account according to the orders allocated to
it.
Trade Management System
For firms with multiple traders who often work large orders, Neovest’s
Trade Management System (TMS) gives portfolio managers a robust
collaborative trading environment for organizing, monitoring, and
dividing target orders across multiple traders. Over 35 real-time
status indicators let managers and traders follow an order’s
progress, including various quantity, price, ask, bid, volume,
and time indicators.
As target orders execute, the “Target Pending” and “Target
Completed” tabs display real-time average prices,
total shares traded, and total dollar values for
each pending and completed target order, as well
as real-time average prices and share quantities
for particular executions. By displaying individual
trade data from each trader working on a target order,
the TMS window helps managers delegate orders, coordinate
the best prices, and discover trade strategies as
large orders are filled.
Office Integration
Neovest’s tight integration among its trade management and
order entry components saves traders tedious data entry time and
minimizes the human error involved in collaborative trading. By
linking trade and account data among its components and across
multiple trade desks, Neovest makes it easy for traders and managers
to exploit the full extent of their order entry, account management,
and trade management capabilities in both individual and collaborative
trading situations. Please contact our sales
team to schedule a product demonstration and find out how Neovest
can improve your trading performance. Use the menu on the left to
learn more about Neovest's product features.
|
