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Order Execution & Management (OEMS)

Use your preferred order type in any market and benefit from Quantl best execution capabilities and advanced API options.

  • Support for virtual spot positions

  • Supported order types: market, limit, stop, stop limit, trailing, bracket

  • Multiple time-in-force options: day, good-till-cancel, good-till-day, immediate-or-cancel, fill-or-kill, at-the-open, at-the-close

  • Support for spot and margin trading

  • Custom order properties to add custom information to your outgoing orders, e.g., venue-specific fields or algorithm-related properties

  • Custom pre-trade checks, e.g. Maximum trade value, Maximum position value, Maximum order quantity, asset type white-/blacklisting or order type white-/blacklisting

  • Multi-account functionality with support for sub-accounts, managed accounts and fund accounts including:

    • Venues that support multiple sub-accounts (using the same API keys for all sub-accounts)

    • Venues that do not support sub-accounts (using different API keys for multiple accounts)

Execution algos and Smart Order Routing (SOR) 

The Quantl infrastructure offers a wide range of best execution capabilities to execute large orders with minimal price impact.

  • Built-in Smart Order Routing (SOR) execution algorithms which allow to gain better execution prices and minimize market visibility and impact

    • VWAP (Volume-Weighted Average Price)

    • TWAP (Time-Weighted Average Price)

    • POV (Percent of Volume)

    • Iceberg

    • Sniper

    • Market Sweep

    • Smart Market, Limit, Stop and Stop Limit

    • Trailing Limit

    • Target Position

  • Broker-side execution algorithms (VWAP, TWAP, Percent of Volume, Accumulate/Distribute)

  • Full support for OTC and RFQ processes, whereby requesting committed quotes from multiple brokers and OTC desks

  • Algo order parent/child display

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