ColorPalette

Hosted Sell-Side Order Management System

ColorPalette is our fully hosted order management system for broker/dealers trading US and international equities.

Streamlined Order Handling

Manage Institutional and Retail Order Flows

Compliance Reporting

Real-Time Alerts with Suite of more than 120 Daily Reports

Key Trading Functionality

Market Making and Block Trading with Advanced Crossing and Fill Capabilities

Key Features & Benefits

Comprehensive Work Flows

  • Complete sales trader, position trader and market making workflows
  • Extensive supervisor-controlled entitlements across the firm
  • Real-time risk management — positions, P&L and commissions with multiple views
  • Integrated trade research with 12 months of data accessible from the application

Market Access

  • Comprehensive exchange, ECN, DMA and algorithmic access, including pairs and proprietary strategies

Implementation Management

  • Implementation team experienced with large, multi-office installations
  • Extensive telecom and networking capabilities for access to the application

IOIs and Trade Advertisements

  • Configure manual or automated IOI/TA settings by customer, trader or firm
  • Target individual clients or configurable pre-defined lists with Smart IOIs

Client Support

  • Regular phone and on-site support with experienced and responsive team
  • All client services representatives are Series 7 and 63 licensed

Key Trading Functionality

  • Support for market making on Nasdaq and OTC Markets
  • Intuitive Reg. NMS block trading with advanced crossing and fill capabilities
  • Customizable routing rule configurations for inbound customer order flow
  • Support for US and international equities with worldwide market data

Buy-Side FIX Connectivity

  • Over 2,000 buy-side connections with all major FIX service bureaus and buy sides
  • Support for global equities and options on a single FIX session

Application Monitoring and DR

  • Integrated disaster recovery; dual-site operability and real-time replication
  • 24×7 datacenter monitoring for immediate escalation of infrastructure

Compliance and Reporting

  • Real-time compliance alerts standard inside the application
  • Suite of over 120 daily reports covering all aspects of broker/dealer workflow
  • Integrated best-execution (TAG/MSI), OATS, and Reg NMS reporting
  • Automated OATS Monitoring provides OATS mismatches and rejects by email
  • Support for end-of-day FTP, intraday FTP and real-time data feeds

Clearing and Back Office

  • Support for FIX allocations and direct interfaces to multiple clearing providers
  • Integrated with Omgeo Central Trade Match (CTM) and Omgeo Oasys Direct.