• InstaQuote Trading Software
  • Equities Level II Window
    Window Capabilities:
    • Level I and Level II market data direct from all sources
    • Access to 14+ available routes and 20+ order types
    • Smart routing and proprietary, algorithmic order types
    • Depth of all major ECN books
    • Configurable trade/symbol defaults and display preferences
    • Quick and easy hot key and hot button order entry
    • Quick cancel-replace of orders
  • Condensed Quote Window
    Window Capabilities:
    • Quote equities, options, futures and custom baskets
    • Multiply tab view in a single window
    • Ticker grouping
    • Active sorting
    • High-Low range heat map
    • Fundamental data from Reuters
  • Detailed Quotes Window
    Window Capabilities:
    • 25+ Data Columns
    • Running Sort
    • Fully Linkable and Customizable
  • Options Level II Window
    Window Capabilities:
    • Level II market data direct from OPRA
    • Options algorithims and smart order router access to all
      7 exchanges
    • Support for sub-exchange routing
    • Execute directly to the AMEX, BOX, CBOE, ISE, NSDQ,
      NYSE and PHLX
    • Multi-prime allocation capability
    • Options Composite displays total contracts at best bid/offer
  • Options Analysis Window
    Window Capabilities:
    • Quickly displays all options classes, plus locked and crossed markets
    • Displays underlying equity level I information
    • Easily select an expiration or filter by any value
    • Black-Scholes pricing model
    • Greek calculations
    • Implied and theoretical volatility
    • Highlighted at the money options
  • Portfolio Window
    Window Capabilities:
    • Complete Customized Views
    • Aggregate Multiple Accounts
    • Overview of Open Positions
    • Displays Closed Positions for Intraday/Overnight
    • Individual Order Details
    • Buying Power Information
    • Profit/Loss & Marked to Market P&L
    • Position Minder and Position Trader
    • Exercise Options Electronically
    • Cancel/Replace a Pending Order
    • Copy Table to Clipboard
    • Print/Export Table
    • Visual/(Customizable) Audio Fill
    • Alerts
  • Charting Window
    Window Capabilities:
    • Equities, options and futures
    • 40 indicators
    • Dual axis overlay
    • Basket/spread charting
    • Tick charts
    • Access up to 25 years of daily data
    • Two months of intra-day data
    • Charting hot keys
    • Fully linkable
  • News Window
    Window Capabilities:
    • Search by Symbol, Time or Headline
    • Click Headline to display Full Content
    • Key Word Search Capabilities
    • View One Company or Full News Coverage
  • Market Watch Window
    Window Capabilities:
    • 100+ Indices
    • Streaming Quotes
    • Customizable List
  • Batch Order Entry Window
    Window Capabilities:
    • Construct and send list trades to any venue or algorithim
    • A batch can be populated via spreadsheet, copy and paste or manual entry
    • Cancel and/or unwind with a single click
  • Futures Level II Window
    Window Capabilities:
    • Ability to trade all futures listed on CME’s Globex platform
      including the CBOT futures and calendar spreads and
      options on futures
    • Ability to trade futures on the NYMEX and COMEX
    • Futures trading hours are 8am-8pm EST
  • Algorithmic Strategies Window
    Window Capabilities:
    Adaptive Algos
    • Ambush®
    • Get Done (OPLX)
    • Instinct®

    Scheduling Algos
    • VWAP
    • TWAP (CLOCK)
    • POV

    Arrival Algos
    • Smart DMA
    • I/S (OPL)
    • QIS
    Crossing Algos
    • Block Seeker (Active, Passive, Aggressive)

    Auction Algos
    • QMOC

    Scaling Algos • Momentum™
    • Reversion™
  • Algorithmic Strategies for Equities
    Equity Adaptive Algos
    Ambush® Discretely probes the market for swift execution of an order.
    Getdone (oplx) Aggressive, liquidity seeking algorithm that attempts to complete orders quickly and efficiently via both dark pools and visible markets.
    Instinct® Particularly suitable for small- and mid-cap names; will respond to real-time liquidity events to optimize participation and limit order placement.
    Equity Scheduling Algos
    VWAP Executes an order over a specified time interval to achieve a volume-weighted average execution price.
    TWAP (clock) Executes an order in equally-sized slices over a specified time interval to achieve a time-weighted average execution price.
    POV Tracks market volume to ensure a specified target participation rate.
    Equity Arrival Algos
    Smart DMA
    (walk)    		 Exhausts liquidity at each price level up to the limit price of the order and then posts any residual quantity over multiple venues.
    I/S (opl) Uses market impact estimates to schedule a trade in order to minimize implementation shortfall.
    QIS Minimizes implementation shortfall using proprietary market impact model.
    Equity Crossing Algos
    BlockSeeker
    (Active, Passive,
    Aggressive)
    		 Dark pool aggregator that uses crossing networks, hidden order types, and anti-gaming pricing logic to stealthily execute an order.
    Equity Scaling Algos
    Momentum™ Increases participation rate as price moves away from arrival price.
    Reversion™ Increases participation rate as price moves in your favor.
    Equity Auction Algos
    QMOC Executes an order into the close to minimize market impact and time risk.
  • Algorithmic Strategies for Options
    Option Algorithms
    Sweep Sweeps either at the BBO or limit price, depending on the order type. Thisalgorithm sweeps the market for all available liquidity at the time of order entry.
    Clean Sweep Submits sweeping slices to exhaust all hidden and displayed liquidity until the order is no longer marketable or has been filled. Any residual will post to one or more exchanges using a pre-defined exchange table.
    Hidden Sweep Unique logic that sweeps the market when the order is marketable, the residual will not post.
    iceberg Functionality that allows the Trader to designate how much of the order should be displayed when posting to the market (aka Synthetic Reserve Order).
    smart Order routing logic based on best market conditions. If the best price is tied between two or more exchanges, the order is routed on a pre-defined exchange table.
    Option Algorithms (Cont)
    Striker The order is submitted as a SMART order but if the preferred exchange does not have enough size available and the order is marketable, the order will Sweep.
    spray Logic that divides the order quantity evenly across all exchanges. Any residual contracts are sent to the preferred exchange.
    Complex
    Multi-legged
    options orders    		 Spread order entry that has access to the ISE, CBOE or PHLX order book. ISE supports up to 5 legs, CBOE supports up to 4 legs and PHLX supports up to 2 legs.
    Multi-legged
    options + stock    		 Stock leg plus respective exchange supported option legs that are sent to the ISE or CBOE complex order book.
    Facilitated Single Facilitation orders are handled on the ISE and CBOE.