Vetting
All order requests are vetted before being sent to the Order Management. Vetting involves checking that the order request conforms to a rule set. The rule set specifies conditions which the order request’s attributes must meet.
Process
Section titled “Process”Order requests are passed to vetting from the Trading Agent. It will also provide the required rules and information/data. Vetting will return one of the following 3 outcomes to the Trading Agent:
- Success - order request to be forwarded to OMS which can send it to market.
- DTR to review - order request to be forwarded to OMS however it needs to be reviewed by a DTR
- Fail - order request is discarded and a rejection message to be returned to originator.
Vetting rules are specified with the Vortex vetting language. It features:
- A powerful scripting engine which supports conditional evaluation,
- Rules can be specified at different levels of the account hierarchy,
- Exchange rules are separated from business rules,
- Easy configuration of business rules by Administrators,
- Changes are immediately applied when saved,
- All changes are tracked with an audit log.