OTAS Unveils Natural-Language Microstructure Reporting Tool

The service will provide clients with intra-day reports and analysis of stock activities. The tool is available for both OTAS users as well as users of FlexTrade's FlexTrader execution management system (EMS). Lingo for Microstructure, which is part of OTAS' suite of natural-language reporting tools, will allow portfolio managers to see the latest developments in markets and portfolios in order to help them to better manage risk.

"The intra-day, high-level analysis is unique to the market and will allow our clients to have a competitive advantage while also providing an audit trail of their activity," said OTAS CEO Tom Doris, in a statement.

Lingo for Microstructure provides historical data of a stock's behavior going back two years. Text generated will be in an easy-to-read format, the company said.

It is available through FlexTrade's multi-asset execution and order management system (OMS), as well as third-party platforms. Lingo for Microstructure also integrates with Symphony's messaging system.

"By accessing microstructure information in plain language, our clients can quickly adjust their trading style, and communicate it to portfolio managers over Symphony with a single click," said FlexTrade director of business development Andy Mahoney, in a statement.

Waters sibling publication Inside Market Data said OTAS plans to link Lingo to other products and create personalized offerings, which may include added functionality for transaction-cost analysis (TCA) reports and in-depth trade alerts.