RTS Realtime Systems AG today announces a powerful new module to its RTD Realtime Trading Desktop, the “RTD Internal Order Manager”.
The RTD Internal Order Manager is designed to systematically internalize all order flow for equities, futures, options, bonds, FX and other products. It will provide an off-the-shelf trading solution for banks, investment houses, proprietary trading firms, trading arcades, brokers and other market participants for MiFID (Markets in Financial Instruments Directive) in Europe when it comes into effect in 2007.
In addition, the RTD Internal Order Manager offers many benefits, a key one for sell side trading organizations is the ability to automate 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 ever before. Plus it also offers the possibility of off-exchange matching; the outcome of this is that customers will gain more advantageous all-in levels of execution service.
Christian M. Schild, Head of Global Sales at RTS, comments, "This is an exciting new RTD module for both clients and prospects alike and it will allow sell side institutions as well as proprietary trading houses to benefit from the effects of systematic internalization. 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. 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."