• 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)

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Execution algos and Smart Order Routing (SOR) 

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

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• 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