Enhances order execution by automatically directing orders to OTC ATSs, REG NMS market centers, and various Alternative Trading Systems that also handle private securities and digital assets. This approach targets mid-point trades and seeks to achieve price improvements.
Automated Trading system tracks Market Maker securities positions, engaging in bids/offers on Alternative Trading Systems for a percentage of positions until it meets the predetermined firm cost, then ceases. It leverages the OMS API for real-time position data, determining the market maker's stance (long or short) and accordingly adjusts bids or asks. The system also features automatic position leveling and can route orders to Alternative Trading Systems for efficient midpoint order matching.