Features
Order management manages the life cycle of all orders and tracks account holdings, balances and orders. It can connect to multiple exchanges and route order requests to the appropriate exchange. It also can route order requests to DTRs for review when they fail vetting.
Plxtra’s Zenith uses caching proxies with data and trading plugins to efficiently deliver data to API Services and can easily scale to meet any demand. Its plugin design easily allows new data sources (eg. exchanges) to be added.
API capabilities open up large opportunities for order flow from partners and other third parties. They also stimulate innovation in the exchange ecosystem. Plxtra’s extensive range of APIs allow all types of software applications to integrate: data, trading, CRM and workflow.
Vetting of orders is critical to protect brokers and users from the consequences of bad orders. The scripting language used in Plxtra vetting is both simple enough to be easily configured but also flexible enough to cover brokers’ and exchanges’ many vetting scenarios.
Order Management can track settlement. It distinguishes trades and settlements and updates cash and holdings accordingly. Cash available for trading can be configured to include funds expected from settlement in the near future.
Motif is a professional trading terminal that meets the needs of advisors and serious traders. It also can be enhanced with custom extensions. Extensions can either be developed by users/third parties or installed from an extension library.
One of the most popular tools used when trading is Microsoft Excel. Plxtra’s MotifXL transforms Excel into a powerful trading tool. Capabilities include: streaming real time data into cells, placing and amending trades, querying data sets, viewing depth.
Plxtra is designed to integrate with your identity provider. This facilitates Single Sign On (SSO). Your users can access their accounts in Plxtra with the same credentials they use to log onto your other services and easily transition between them.
Once users are logged in, it is important to manage what they are accessing. Is access authorised? Are they exceeding quotas? What royalties do they owe? Session management tracks and limits usage to protect systems and can be used to track royalties owed.
Plxtra provides APIs which enable it to be seamlessly integrated into your business systems (CRM, listing manager etc).
When problems occur, you want to know about them before your customers. Plxtra server software has built-in in SNMP sensors. Monitoring systems can be easily set up to monitor software and hardware health and immediately generate alerts.
Reliability is critical for maintaining exchange confidence. Traders, advisers and investors expect it. Regulatory authorities demand it. Plxtra has been designed from ground up to achieve high levels of up-time.
Ensuring that exchange infrastructure can scale to handle growth is a critical element of reliability. It always needs the capacity to handle peak loads. Plxtra can be configured to handle almost any load by allocating the required number of computing resources.
Plxtra operating costs are low - both in terms of personnel and infrastructure. It has been designed to run with minimal operator interactions. A redundant installation can be deployed on 2 low powered Linux servers.
Plxtra’s deployment is based around Docker. Easily deploy to any environment that supports docker hosting (cloud, VPS, on-prem). This includes full test and evaluation deployments on local computers.