December 1, 2006 -- (WEB HOST INDUSTRY REVIEW) -- RTS Realtime Systems AG (rtsgroup.net) announced on Thursday it has launched a new module to its realtime trading desktop, the RTD Internal Order Manager, which is designed to systematically internalize all order flow for equities, futures, options, bonds, FX and other products.
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The solution will provide an off-the-shelf trading solution for banks, investment houses, proprietary trading firms, trading arcades, brokers and other market participants for Markets in Financial Instruments Directive in Europe when it comes into effect in 2007.
The RTD Internal Order Manager offers many benefits, including one for sell side trading organizations in automating the creation of their own quotes to increase the number of inhouse matches without having to send orders to an exchange. This, along with a defined best execution strategy, enables financial institutions to process customer orders faster and more directly than in the past. It also offers the possibility of off-exchange matching, enabling customers to gain greater levels of execution service.
"We have noted a tremendous interest in such smart matching solutions amongst our customers, particularly since they have been considering how they can successfully tackle the challenges and opportunities that the MiFID initiative brings," says Christian M. Schild, head of global sales at RTS. "After all, the new European framework to come next year is about competition and innovation. With the RTD Internal Order Manager we offer exactly that with the genuine benefit of an easy to implement solution for trading firms of all sizes."
