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In This Issue
Now available RealTick 9.2 SP1
Pairs Trading - Two's Company
Northern Trust joins RealTick's Global Broker Network
The Ultimate FIX - Use ATDL
Now Available: Real-Time Transaction Cost Analysis from UBS Fusion
New RealTick API for Market Data and Trading released
Options Markets - Streamlining Symbology
RealTick is recognized as top employer
Tips and Tricks
RealTick in the News
Links
Download RealTick
Multi-Broking
Exchange Data
Tips & Tricks
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TIP #1:
Single click access to the most recently traded instruments
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You can display the 20 most recently instruments traded as easily accessible Symbol Tabs across the top of RealTick.
To turn on this feature on select:
Page > Toolbars > Symbol History
Click on "Links" and Windows in RealTick can be linked to the Symbol to automatically display the relevant information, such as charts and market maker windows for each symbol when chosen
Click here for more info
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TIP #2:
Filtering Symbols in the Order Minder and Blotter
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Specific symbols can be filtered in the Order Minder.
Here is an Order Minder with a number of symbols and multiple orders in Disney (DIS).
To filter the Disney orders, select F4 and the in the Minder Setup check Other Filters. Enter DIS in Symbol field.
All Disney orders only are now displayed.
Click here for more info
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TIP #3:
Order execution summary
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RealTick can provide a summary of all completed orders. To view the summary open an Order Minder with "Standard Detail" selected
- Select rows to be summarized where the status is "Completed"
- Right-click on one of the selected rows and select "View Order"
- The "Order Execution Summary" is displayed
Click here for more info
The Trade
“RealTick adds GSET functionality”
Electronic Trading
“Townsend Analytics Adds GSET to RealTick Broker Network ”
(registration required)
Wall Street and Technology
“Townsend Adds Goldman Sachs to Broker Network”
Automated Trader
“UBS adds "Fusion" Transaction Cost Analysis”
The Trade
“UBS adds Fusion TCA tools to RealTick EMS”
The Hedge Fund Journal
“RealTick expands it electronic execution products”
The Trade
“ATDL steps up pace of algorithm upgrades”
Inside Market Data
“Townsend Adds QuickStart Setup Tool to API ”
(registration required)
Dealing With Technology
“RealTick application programming interface (API), which sports a new QuickStart application”
(registration required)
Contact Us – Sales
Contact Us – Support
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Now available - RealTick 9.2 Service Pack 1 (SP1), the next wave of enhancements:
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This summer saw the release of RealTick 9.2 -- with ground breaking benefits focused on making trading easier, as well as providing greater execution control and cross asset opportunity from a single desktop. These include:
- Dynamic Toolbars - which automatically adjust to provide a common and streamlined trading workflow across brokers, regions and asset classes for easy navigation and single click trading
- Options Enhancements - including a full Spreads view and order book displayed in TurboOptionsTM plus the ability to stage spread orders
- List Trading Enhancements - providing faster loading, easier order modification, multiple benchmarking and comprehensive list organisation -- including executing broker, sector/country codes and trade side
- Algorithmic Trading via FIX ATDL - providing accelerated and more efficient deployment of new algorithms and upgrades to strategies from brokers to clients
Building upon the industry-leading global, multi-broker, cross-asset trading capabilities you have come to expect from RealTick -- the next wave of enhancements to RealTick 9.2 have just been released to clients in SP1. These include:
- RealTick look and feel - a number of significant improvements focusing on greater ease of use:
- The ability to expand and make the most of the available screen real estate to display as much information as possible by removing window borders
- A new comprehensive, user configurable, client default page to suit varying trading requirements
- Greater visual clarity with alternating row and grid line shading
- Greater application consistency with improved tab views
- Rounded order action buttons; compact volume displays for charts
- Easier navigation over toolbars to move, minimize or maximize a window
- Quicker and easier individual RealTick window positioning and placement
- VWAP Delta, Volume Delta, and Executed Percent of Market Volume Fields
- Calculating values while a single order or list is live
- Calculation stops once the order is fully executed
- Symbol Search - additional categories include Bloomberg, RIC, GICS, SEDOL and country codes
- Order Symbol Filters - for easy search and display of specific symbols
- Order Execution Summary - displaying a summary of all completed orders
- Volume By Price Indicator - Visual analysis of price level and support and resistance
- CBOE and ISE Options Crossing Orders - sending a buy and sell order at a set limit or mid price
- Windows 7 - full verification and testing on Windows newest operating system, Windows 7.
For a guided tour, click here.
The current version RealTick 9.2 SP1 can be downloaded here.
*For more information on joining the RealTick beta testing program, please contact your account representative.
Pairs Trading -- Two's Company
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As relative trading ideas and strategies gain greater prominence, three brokers have added specific Pairs trading strategies to their existing algorithmic and DMA execution capabilities for clients via RealTick.
Barclays Capital - LMX Pairs
Pairs Trader, from Barclays Capital, automatically executes paired buy and sell orders in relative value trades. The user can specify the deal terms, target spread and execution method of the trade. The strategy monitors market spreads in real time and triggers a pair order when the current spread is within the target range specified.
View Screenshot
Jefferies & Co
Jefferies has introduced three Pairs algorithms on RealTick. These algorithms allow traders to simultaneously execute in two securities, targeting a pre-defined set of conditions, such as a spread between the two stock prices, a ratio between the two prices, or their relative performance vs a benchmark (eg. the previous closing price)
The three Pairs algorithms available are:
- Stat Arb - for ratio/spread trading
- Risk Arb - for mergers and acquisition deals
- Net Return - based on the relative performance of two stocks
View Screenshot
Nomura - ModelExTM Pairs
As part of the ModelExTM suite of algorithms Nomura offer two specialist pairs trading strategies for European markets and will soon add a portfolio trading algorithm. Nomura’s suite provides a strategy designed to trade on pairs motivated by merger and acquisition deals (relative value trades), plus a strategy for trading single or multiple pairs, enhancing performance based on a specified price ratio target. Both these strategies are able to support equity-equity, equity-future, and future-future pairs. With the addition of Nomura’s Portfolio Strike strategy users will also have the ability to limit implementation shortfall, relative to arrival time, of a basket of stocks and index futures.
View Screenshot
Northern Trust joins RealTick’s constantly expanding broker network
We are pleased to announce the addition of Northern Trust Securities to RealTick’s extensive broker network for US equities and equity options. RealTick users can now access Northern Trust Securities’s (NTRC) smart router and algorithms for displayed and non displayed venues for best execution. Complex basket and dollar neutral trades are routed directly to Northern Trust Securities leveraging its institutional trading capabilities.
Northern Trust joins several leading brokers added to RealTick’s global network this year including Goldman Sachs,
Societe Generale and KBC Securities.
Click here for more details.
To find out more about RealTick’s global broker network, click on the RT Connect icon in the upper right hand corner of your RealTick display, or click here to view a sample list of RealTick brokers.
The Ultimate FIX - Use ATDL
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In the last issue we highlighted RealTick’s industry leadership in the development and adoption of FIX ATDL (Algorithmic Trading Definition Language). In a year that has seen significant volatility, plus changes to market structure and liquidity posing new execution challenges, the increasing dilemma is how brokers efficiently manage the deployment of their algorithmic enhancements in a timely manner - potentially within hours, rather than months.
- RealTick now has several brokers on its FIXATDL program, with additional tools that enable them to put their latest algos in the hands of their RealTick clients with the click of a button
- As a trader you benefit from seeing enhancements and the latest algorithms appear seamlessly and consistently in RealTick
Now Available: Real-Time Transaction Cost Analysis from UBS Fusion
RealTick has seamlessly integrated UBS’s equity trading analytics platform, Fusion, into RealTick. With one click clients can easily access UBS Fusion for single stock and portfolio pre-trade, intraday and post-trade analysis, including transparent Real-Time TCA. Currently available for US equities, international equities will be added early in 2010. RealTick users can monitor, execute and adjust orders while they are still live to enable more effective management of trading strategies and adjust orders via UBS’s DMA, Care, and Algorithmic execution routes.
Click here for more detail.
New RealTick API for Market Data and Trading released
Due to an increasing and wider demand for high quality market data and automated order flow from third party or proprietary applications, RealTick released a significantly enhanced API in October. A growing segment of traders are seeking to leverage automated analytics to assist their trading decisions and execution.
QuickStart, a robust Windows application, provides programmers and traders with a framework to easily access the programming fields and functions within the RealTick API -- reducing implementation complexity, cost and time.
Using an API to capitalize on trading ideas and strategies has never been easier, enhancing trading opportunities in conjunction with RealTick EMS to route and manage orders to multiple brokers, algorithms and liquidity pools. For more information click here.
Options Markets - Streamlining Symbology
Starting in February 2010 a number of significant changes come into force in the options world for participants trading, reporting and managing options.
These major changes relating to symbology, how the instrument is commonly designated, are:
- A move away from OPRA’s (Options Price Reporting Authority) code to defining an option based on multiple fields - the option symbol, maturity, day, call/put indicator and strike price
- All equity strikes, currently in fractions, will be decimalized
Throughout 2009 RealTick has been actively working and testing with the industry and key partners to ensure a seamless transition and full support of the new symbology for clients.
You can view industry background and detail at theocc.com.
RealTick is recognized as top employer
RealTick/Townsend Analytics is proud to have been recognized as an employer of choice, providing a friendly and productive work environment and placing 11th in Brill Street’s survey of the 50 most desirable companies in the Chicago area -- and the highest ranking of a financial software company.
You can see the full survey at brillstreet.com, plus additional commentary at
chicagotribune.com
Finally - at the end of a challenging year for everyone involved in the financial markets, we appreciate and value your business. RealTick would like to thank all its partners and clients for their support throughout the year and we look forward to working with you in 2010.
Season’s Greetings and Best Wishes for 2010
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Townsend Analytics, 100 South Wacker Drive, 20th Floor, Chicago, IL 60606 :: www.realtick.com |
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©2009 Townsend Analytics, Ltd. All rights reserved. RealTick is a registered trademark of
Townsend Analytics, Ltd.
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