Dash Financial, which provides execution solutions to the US options and equities markets, has launched Dash360, a real-time dashboard that helps to visualize order routing, execution behavior, costs and performance in a more transparent way.
The web-delivered HTML5 dashboard includes an order visualizer that incorporates animation to visualize order-routing decisions and the resulting best execution performance.
Dash360 shows all aspects of the order lifecycle in visualized and non-visualized data formats, including routing information, execution detail, order-book detail, venue analysis and exchange reconciliation. The platform also features a widget that provides users with a suite of summary analytics and graphics in real-time to their desktop/laptop, tablet or smartphone.
“Having the ability to visualize every aspect of the router’s behavior allows a trader to immediately get feedback on the specific nuances that affect their own performance and make better decisions surrounding router configuration or algorithm selection in different circumstances,” says David Karat, chief marketing officer and co-founder of Dash Financial. “The ability to customize every aspect through the Algo Wizard in real time without lengthy code-change cycles creates a customized solution that augments the data to provide tailored electronic execution for any strategy or preference.”
Historically, many traders have been in the dark as to the total cost of an execution once the various complicated fee structures are added to their order, Karat says.
The new dashboard gives immediate feedback on each and every cost associated with their order, as well as how the product fared in the pursuit of the liquidity available. All of this data gives management and stakeholders complete transparency into best execution, he says.
The new dashboard’s visual capabilities were also created with increasing regulatory demands in mind. “We founded Dash to exceed best execution requirements from the buy-side’s perspective and transparency was clearly an area of the industry that we felt needed significant improvement. Mifid II and other market structure and regulatory trends are pushing the transparency theme further,” says Karat.
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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