TraderEvolution: New release enhances multi-asset connectivity and refines order management functionality
Multi-market trading platform provider TraderEvolution Global has released the latest version of its trading platform, which includes updates to the company’s back office solution, its web-based front end user interface, as well as its full functionality mobile trading application.
In keeping with TraderEvolution Global’s commitment to assisting brokerages keep abreast of ever-evolving requirements and developments in the markets via a liquidity agnostic, multi-asset environment, the latest release, designated version 3.111, covers these important refinements:
- TraderEvolution Back End System
Eight enhancements to the TraderEvolution back end system have been implemented in version 3.111, as follows:
1: ‘TradeStation’ trading integration has been implemented.
The TraderEvolution back end is now fully integrated with TradeStation in order to provide B2B customers of TraderEvolution access to TradeStation prime brokerage services for options, equities and futures.
2: Short position rounding logic added to Bonus Issue corporate action.
We have implemented an additional logic function for rounding when running corporate actions for short positions.
3: Stop Loss and Take Profit order amount modification
In the latest version of TraderEvolution, we have implemented the ability to modify the stop loss or take profit order amount in case of position partial close.
4: “Event run basis” dropdown list added
We have added a new drop list called ‘Event Run Basis’ to the Run event screen for Capital events and Dividends tables, and to allow the running of corporate actions for selected instruments or separate positions.
5: Local cancelation of pending orders
The ‘Cancel pending and partially filled orders locally’ option was added to the Corporate actions task.
6: SPAN distributed logic update.
If during the placing of Stop Loss or Take Profit order, a position was excluded from the spread and there were not enough funds, a send a special rejection will be sent: Adding Stop Loss or Take Profit on the Hedge position will remove that position from the hedge and require full margin for another open position. “Order rejected due to insufficient funds” will be displayed.
7: Improved ‘Position Close Only’ function in Risk Plan
Within the Risk Plan, the ‘Position Close Only’ functionality has been improved so that it is now possible to send pending orders opposite to the position.
8: Fixed custom currency value margin calculation has been implemented
We have added a new margin type which allows brokers to select a specific currency for margin calculation.
- TraderEvolution Mobile Application
Included in the new release is the web version of the TraderEvolution mobile application which was released as a standalone product last week, allowing brokers to offer their traders greater accessibility to global markets directly from the web browser on their smartphones.
TraderEvolution is a multi-market trading platform provider offering modular, tailored solutions that include a comprehensive back office solution with established connectivities to a complete range of markets across the globe, and a complex front-end suite with web, mobile, and desktop applications. The company serves banks and brokers from around the world, empowering them with an independent and liquidity-neutral solution to facilitate core brokerage operations or complement their existing solutions.