In our March issue, we highlighted that users can access a network of over 70 leading global brokers spanning all major asset classes through a centralized interface within RealTick. Worked orders, algorithms, darks pools, proprietary research and analytics are all readily accessible through a set of easy-to-use tools and drop-down menus.
In this issue, we will explore two innovative features which will help further optimize your multi-broker trading: Virtual Routes and Dynamic Toolbars.
Users who want to send orders to multiple broker algorithms with a single click can create virtual routes. This powerful feature allows a user to configure what appears to be a single destination, but splits an order and places the child orders at multiple brokers or venues simultaneously.
Virtual routes allow a user to select multiple routes from multiple accounts with multiple broker algo strategies to create one single virtual route. Within RealTick, from the ‘Virtual Routes’ creation dialog in ‘Order Entry Properties’ - a percentage, route, account (optional) and a template algo strategy (optional) can all be assigned to this virtual route.
Once the virtual route is created, RealTick users can select this new route as an available drop-down option from a neutral account.
New in RealTick 9.2, Dynamic toolbars allow users to enable toolbars that dynamically adjust based on an account. To select this new Dynamic toolbar, users need to go 'New Toolbar' and then select 'Dynamic Toolbar'.
Once the Dynamic Toolbar is selected, a 'Configure Dynamic Toolbar' dialog appears which allows a user to select a Broker account and choose a toolbar to be used whenever that broker account is selected. This provides the flexibility to create default toolbars that are customized to individual brokers.
Whenever a different broker account is selected, that customized toolbar will appear allowing superior convenience and flexibility.
- To access your broker’s products and services via RealTick, contact your broker account representative directly to get the process started.
- 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 at any time during your session or click here to view a sample list of RealTick brokers.
- For more information on RealTick’s broker network across regions and asset classes, please contact our Multi-Broker team via email at MBTeam@taltrade.com or via phone at 212.679.9000 or +44(0) 207 786 5070.
Once your paperwork is complete with your broker and your order routes are permissioned to your RealTick, accessing your broker is as easy as clicking a drop-down within your order entry window:
Successive windows will be fully customized to reflect the products and services made available by your broker through RealTick.
Multi-broker clients also get direct telephone access to our support professionals via our dedicated multi-broker helpline.
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