/Technology
Technology 2017-11-14T15:32:16+00:00

Technology

GTX’s technology infrastructure enables efficient market access via a feature-rich front end, flexible trading and market data APIs as well as a testing environment powered by live, real-time market data.
Our patented and proprietary technology delivers innovative features and high performance.
A completely customizable user interface displays full depth of book with live bid and offers and associated quantities, as well as a dynamic size-adjusted average price (VWAP) display. The platform automatically enables traders to benefit from price improvement, made possible by our advanced algorithms, VWAP capabilities and central clearing mechanism.
Order management capabilities include all the standard account types as well as unique orders such as All-or-Nothing/ Good-til-Expire (AON/GTE), pegged and iceberg orders.  Clients can also develop and implement automated trading strategies using GTX’s robust FIX API.
A robust credit engine has helped GTX attract a deep pool of liquidity providers, including a network of more than 15 prime brokers, as well as a diverse client base of buy side traders. The credit engine performs pre-trade credit checks between central clearers, prime brokers, and clients in real time. GTX’s routing technology enables a PB client to prioritize dealing with their own LP first, then others, thereby reducing transaction costs.
Straightforward User Configuration
At the heart of GTX’s technology infrastructure is a parameter-based architecture enabling users to implement sophisticated business rules without additional coding. Extensive tool kits enable users to develop liquidity pools, trading rules and other critical processes.
Robust Development Environment
GTX’s development environment enables clients to build and test strategies using live, current market data. Our “sandbox” testing environment is designed to be straightforward, intuitive, and efficient for developing and testing trading tactics and strategies.

Platform

Get competitive streaming prices, sophisticated order management and routing tools at your fingertips. Execute orders of any size and type according to your strategies and needs.

Intuitive and customizable trading interface

The GTX trading platform’s intuitive design makes it easy to manage orders, query trades, and view deep pricing from anonymous, as well as disclosed, liquidity providers.

Trade View
Create the ideal customized trading views to fit a range of trading needs. View Position and P/L tracker, Job History tracker, and aggregated price depth. Single or double click to trade or place orders all from one screen.

VWAP View
Price depth with automatic size- adjusted average price display. Easily adjusted to monitor the amounts you want to view.

Order View
Order management systems; market, limit, stop, OCO, peg order types. Manage orders, click to trade, semi or fully automated order uploads. If Done Orders with Auto Exit strategies.

Sophisticated order management capabilities

With GTX, clients can choose from a variety of standard and unique order types including: market, limit, time in force, conditional (stop, peg, or OCO) and orders based on quantity and display instructions (AON and Iceberg).

Robust credit engine

Unique to the industry, the GTX credit engine establishes pre-trade credit checks between central clearers, prime brokers, and the client, creating a tri-partite credit bridging function. Credit utilization is checked and updated in real-time, at the time of the trade.

GTX will also reflect a client’s current credit availability in the depth of book through the GTX GUI or API.

In addition, intrinsically linked with the GTX credit engine and custom price distribution technology is a high-performance matching engine, providing a truly robust and exceptional trading experience.

Algorithmic trading made easier

  • FIX market data distinguishes locally-matchable from externally-routed liquidity
  • FIX execution instructions allow user to opt-out of deeper externally-routed liquidity for faster response from locally-matchable orders only
  • Full implementation of FIX order, place, cancel, and modify messages
  • FeedAPI for streaming multiple bids and offers more safely and efficiently
  • Algorithmic plug-ins and trigger/if-done/auto-exit logic

Additional features

  • Pre- or post- trade allocation for users with multiple prime brokers
  • Unique and flexible basket trading functionality allows traders to create a customized basket of currency pairs or commodities, weight their allocation, and trade the basket with just one click
  • Support for multiple ticket averaging, whereby client receives one average ticket for each trade
  • “Permission based” on-screen and email alerts, and end-of-day status reports depending on client login

FIX API

Our FIX API supports a wide range of order types, features, and functions including real-time market data, low latency trade executions, confirmations as well as post-trade reports.
Real-Time Pre-Trade Credit Engine
The GTX credit engine establishes pre-trade credit checks between central clearers, prime brokers, and the client, creating a tri-partite credit bridging function. Credit utilization is checked and updated in real-time.

Market Data Streams

GTX streams data via a variety of low latency, standard and leading edge real-time protocols. These include:

  • FIX
  • Binary Protocols
    • ITCH
    • GTTP and other protocols built using the Simple Binary Encoding framework

All GTX ECN market data is provided to active clients without charge.

Additional Features

GTX’s technology infrastructure supports these powerful functions and features:

  • Pre- or post- trade allocation for users with multiple prime brokers
  • Unique and flexible basket trading functionality allows traders to create a customized basket of currency pairs or commodities, weight their allocation, and trade the basket with just one click
  • Support for multiple ticket averaging, whereby client receives one average ticket for each trade
  • “Permission based” on-screen and email alerts, and end-of-day status reports depending on client login

Data Centers

GTX operates linked ECN matching engines in New York (Equinix NY4), London (LD4), and Tokyo (TY3). Clients may trade on local matching engines or on an aggregated, global central limit order book.