TradeOMS Introduces Excel-Based Market Making Tool.NEW YORK -- Trade Order Management Solutions, Inc., www.tradeoms.com, a provider of automated and algorithmic trading solutions, has developed a quick, simple, and reliable way to make markets directly out of Excel. The unique solution combines the best of Excel's usability and FIX, allowing a trader's proprietary formulas, macros, and VBA code to drive hundreds of thousands of trades per day. Easing the regulatory burden of always having orders in on both sides of the market, a TradeOMS solution is custom made for your style of business. A trader can make changes to the model and not need to know anything other than Excel. Once automated, your traders can focus on your business strategy, and less on the grunt-work of trading, canceling, and replacing. Ready to be put into operation in a few days or weeks, a solution from TradeOMS does not require hiring a programmer or converting your strategies to Java or C++. It comes bundled with a trading blotter Blotter A record of trades and the details of the trades made over a period of time (usually one trading day). The details of a trade will include such things as the time, price, order size and a specification of whether it was a buy or sell order. The blotter is usually created through a trading software program that records the trades made through a data feed. that can be used for single order entry, and it automatically reports the orders and executions back into Excel. Using this simple solution, we have seen our clients go from placing hundreds of orders a day and being stressed and trapped at their desks, to being free to walk away while tens of thousands of orders easily and reliably are placed and executed. About TradeOMS: The TradeOMS team started developing software for Wall Street in the 1960's, and has been universally acclaimed for developing a number of advanced productivity tools at Goldman Sachs and Lehman Brothers in such diverse areas as fixed-income arbitrage Fixed-Income Arbitrage An investment strategy that attempts to profit from arbitrage opportunities in interest rate securities.Notes: When using a fixed-income arbitrage strategy, the investor assumes opposing positions in the market to take advantage of small price discrepancies while limiting interest rate risk., merger arbitrage, convertible arbitrage Convertible Arbitrage An investing strategy that involves the long position on a convertible security and a short position in its converting common stock.Notes: This strategy attempts to exploit profits when there is a pricing error made in the conversion factor of the convertible security. See also: Arbitrage, Common Stock, Conversion Price, Convertible, Short , mortgage prepayment analysis, and portfolio analysis. Members of the management team have then gone on to develop one of the world's most successful hedge funds, and developed this tool to assist our traders. As we believe that a trader's strength is his ability to develop a sophisticated and flexible model, not his ability to write code, we are offering this same software to you. As this is a trading tool, not an algorithm or strategy, you make all the trading decisions, and they remain proprietary to you. For more information on TradeOMS's products, visit our website: www.tradeoms.com or contact sales by phone at (646)383-4686 or by e-mail at sales@tradeoms.com. |
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