Front-end applications

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The front-end application is a software program for traders that interacts directly between the user and the market. In electronic trading, the front-end application may be provided by an exchange, a broker or an independent software vendor. Some traders have proprietary trading applications that might connect directly to an exchange or through an API connection to another front-end trading system. The trading software is installed on the user's own PC and connects directly or via the Internet.

Contents

Exchange Solutions

CME Front-end Applications

http://www.patsystems.com/

The Chicago Mercantile Exchange (CME) decomissioned Globex Trader at the end of 2007. The CME offers traders access to Globex via third-party applications, CME EOS Trader or CME Galax-C handhelds.[1]

  • Certified ISV Applications[2]
  • Certified Broker Applications[3]

ICE WebICE

The IntercontinentalExchange's proprietary browser-based front-end application is called WebICE. WebICE provides access to ICE's futures and over-the-counter markets.[4]

WebICE features include:

  • Single-click order entry and trading functionality;
  • Integration from Excel formulas into WebICE via ICEMaker;
  • Position Keeper tracks daily buys and sells on the exchange affording a trader real-time profit and loss figures;
  • Configurable trading screen.

ISE Front-end Applications

Members of the ISE can connect to ISE's electronic trading matching engine using either a FIX or API interface, or ISE’s PrecISE Trade front end.[5]

Third Party Solutions

LiquidPoint

LiquidPoint's Heat front-end tools provide market information, advanced options analytic capabilities and reporting capabilities. The Heat Order Entry screen allows users to enter and manage their orders electronically as individual legs and as spreads. The Heat front-end options tools provide real-time market information and options analysis, enabling the trader to track price, depth of market and impact on position on a single screen.[6]

X_TRADER

The X_TRADER order-entry platform from Trading Technologies connects professional traders with the industry's leading international derivatives exchanges. X_TRADER provides traders with extensive functionality, including:

  • High-speed connections to the world's primary futures exchanges
  • Single-click trade execution
  • Real-time fill and position details
  • MD Trader, the patented vertical market depth display
  • Integrated charting and analytics with X_STUDY.

References

  1. ↑ CME-Provided Trading Applications. CME Group. Retrieved on May 6, 2008.
  2. ↑ Certified ISV Applications. CME Group. Retrieved on May 6, 2008.
  3. ↑ Certified Broker Applications. CME Group. Retrieved on May 6, 2008.
  4. ↑ WebICE Front End. InterContinentalExchange. Retrieved on May 6, 2008.
  5. ↑ Connectivity. International Securities Exchange. Retrieved on May 6, 2008.
  6. ↑ Liquidpoint Options Execution. LiquidPoint. Retrieved on May 6, 2008.
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