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Trading Connector

Overview

FA’s Trading Connector automates your trade order management by sending orders to your preferred trading venue. You can thus monitor the status and execution information of your trade orders in real time.

Functionality

Send trade orders from FA to a trading platform of your choice

  • Send trade orders via a trading integration - select trade orders in FA and send them forward to your trading platform. When sending orders via a trading integration, your orders are executed outside of FA. You can use one of the supported trading connectors, as long as the connector supports sending trade orders. You can also automate sending trade orders based on a schedule and custom criteria. For example, you can automatically send all buy and sell orders with status "Accepted" forward every day at 16:00.

  • Connect to multiple trading platforms simultaneously - you can connect to multiple trading platforms at the same time, and you can route your trade orders to suitable trading connectors. For example, you can route your fund orders to Euroclear FundsPlace, while your stock and ETF orders are routed to Infront. You can also automate the trade order routing to the correct trading platform - automatic order routing requires additional configuration.

Automatically receive execution information about your orders from a trading platform

  • Receive order status updates and execution information on sent orders - trading connectors support automatically updating the trade order status and execution/payment information to trade orders you have sent forward with one of our trading connectors. The exact frequency and content of these updates vary from connector to connector.

  • Receive drop copy session messages - Receive near real-time information about trades executed in other trading platforms. The incoming feed of orders updates or creates new trade orders in FA. Drop copy sessions are supported in FIX formats only for certain connections (see the Supported formats and service providers table).

Send execution information on orders received in FA

  • Send order updates on the trade orders received by your fund - select trade orders executed in FA and send trade order update messages and execution information from FA to your fund distributor. You can use one of the supported trading connectors, as long as the connector supports receiving trade orders. You can also automate sending trade order updates based on a schedule and custom criteria.

Supported formats and service providers

To use the Trading Connector, you need to have access to one or more of the supported trading connectors listed below. Some counterparties require onboarding with a separate cost.

Connector

Description

Formats

Allfunds

Supports sending fund orders to Allfunds.

ISO 20022 version 3

Types:

  • Subscriptions

  • Redemptions

  • Confirmations

  • Status updates

Bloomberg EMSX

Supports sending equity, ETF, future and listed option orders to Bloomberg EMSX.

Note that this connector is only for Bloomberg EMSX. Other Bloomberg trading connectors such as Bloomberg MTF are not supported.

FIX version 4.2

FIX version 4.4

Types:

  • New order

  • Order cancel

  • Order update

  • Confirmations

  • Status updates

  • Drop copy

Calastone

Supports sending and receiving fund orders to and from Calastone.

ISO 2022 version 4

Types:

  • Subscriptions (setr.010.001.04)

  • Redemptions (setr.004.001.04)

  • Subscription confirmation (setr.012.001.04)

  • Redemption confirmation (setr.006.001.04)

  • Status report (setr.016.001.04)

DNB

Supports sending fund and ETF orders to DNB.

DNB proprietary format

Types:

  • Outbound order

  • Status update

FundSettle

Supports sending and receiving fund orders to and from Euroclear FundSettle.

ISO 20022 version 4

Types:

  • Subscriptions (setr.010.001.04)

  • Redemptions (setr.004.001.04)

  • Subscription confirmation (setr.012.001.04)

  • Redemption confirmation (setr.006.001.04)

  • Status report (setr.016.001.04)

Infront

Supports sending equity orders to Infront Trading terminal.

Infront proprietary format (Infront Connect Trading API)

Types:

  • tr_insert_order_request

  • tr_insert_order_response

  • tr_subscribe_orders_request

  • tr_subscribe_orders_response

Euroclear FundsPlace

Supports sending and receiving fund orders to and from Euroclear FundsPlace.

ISO 20022 version 4

Types:

  • Subscriptions (setr.010.001.04)

  • Redemptions (setr.004.001.04)

  • Subscription confirmation (setr.012.001.04)

  • Redemption confirmation (setr.006.001.04)

  • Status report (setr.016.001.04)

Other counterparties with FIX connectivity

Supports sending equity, ETF, bond, future, and listed option orders.

Requires additional configuration. Might require certification by a counterparty.

FIX version 4.2

FIX version 4.4

FIX version 5.0 SP2

  • New order

  • Order cancel

  • Order update

  • Confirmations

  • Status update

  • Drop copy

Other counterparties with SFTP connectivity

Supports sending and receiving fund orders.

Format:

  • ISO 20022 version 3

  • ISO 20022 version 4

Types:

  • Subscriptions (setr.010.001.04)

  • Redemptions (setr.004.001.04)

  • Subscription confirmation (setr.012.001.04)

  • Redemption confirmation (setr.006.001.04)

  • Status report (setr.016.001.04)

Requires additional configuration. Might require additional consultation or development if counterparty deviates from the standard.

Interactive Brokers

Supports sending equity, funds, and bond orders to Interactive Brokers.

Format: FIX 4.2

Types:

  • New order

  • Order cancel

  • Order update

  • Confirmations

  • Status update

Saxo bank

Supports sending equity orders to Saxo bank.

Format: FIX 4.4

Types:

  • New order

  • Order cancel

  • Order update

  • Confirmations

  • Status update

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