Equities Trading - Without Compromise
Streamline equities trading with unified order and execution management — run high-touch and low-touch workflows, enforce risk & compliance, and measure execution quality in real time.
Equities Trading with Quod at a glance
Quod Financial provides a multi-asset O/EMS (OMS + EMS) for institutional equities trading. The platform supports high-touch and low-touch workflows, including DMA, care trading (HT + algo), algorithmic execution, and portfolio/basket trading (PT).
It includes Smart Order Routing (SOR), configurable risk controls, auditability, and TCA / best execution reporting, with regulatory reporting support including TRF/ORF/TRACE/CAT (US) and other global frameworks listed in the platform’s reporting coverage.
Integration is available via FIX + APIs (.NET, Java, REST) with regional hosting or on-prem deployment options.
Your Complete
Multi-Asset O/EMS Provider
Quod’s Equity trading workflows at a glance
|
Workflow Type |
Typical Usage |
How Quod Financial Supports It |
|
High-touch trading |
Large or sensitive equity orders |
Trader-driven execution with full auditability |
|
Low-touch trading |
High-volume standardized flow |
Automated OMS-driven workflows |
|
Care & DMA orders |
Client-driven or direct access |
Unified OMS/EMS execution |
|
Algorithmic execution |
Optimized execution strategies |
Native algos integrated with SOR |
|
Portfolio & basket trading |
Index and allocation strategies |
Coordinated multi-venue execution |
Qronos - Low touch SOR and Direct Market Access Market
Qronos is a low latency new technology developed by Quod Financial to address SOR and Direct Market Access. It is available on the Quod Platform as a Hot Path, providing the same rich services necessary for a full order life cycle, including a global order view, pre-trade risk management, and middle-office services.
The benefit of such an approach is to have a fast trading mechanism which is designed for your low latency business or clients requirements, whilst retaining a global view and global management of your entire trading activity.
Equity Market Fragmentation & Smart Execution
Quod Financial has designed its equity trading platform to address this fragmentation natively, enabling institutions to execute efficiently across venues while maintaining best execution, transparency, and control.
By combining Smart Order Routing, real-time analytics, and unified OMS/EMS workflows, Quod Financial helps trading desks navigate complexity without operational overhead.
Smart Order Routing (SOR) for Equities
What SOR is used for in fragmented markets
- Route and prioritize liquidity across venues using configurable logic
- Support multi-venue optimized execution from within the O/EMS
- Apply routing rules and constraints by workflow, instrument, or strategy
Configuration depth
- Advanced SOR with 470+ configurable parameters for real-time prioritization and selection
Algorithmic execution, program trading, and PT
What desks use it for
- Automate low-touch execution while retaining governance and granular controls
- Support program trading and portfolio / basket trading (PT) workflows
- Use analytics and audit trails to review strategy decisions and outcomes
Risk controls, compliance, and reporting
Risk management
- Quantity, amount, and price checks
- Position validation, velocity controls, margining (where applicable)
Best execution / TCA
- Best Execution Reporting with a full TCA suite to analyze performance of manual and automated trading
Trade reporting (coverage examples)
- Reporting support including MiFID II, and US obligations such as TRF, TRACE, ORF, CAT, plus additional global frameworks listed in the platform’s reporting coverage
Controls for operational safety
- Emergency Stop Controls / Kill Switch for granular trading controls and cancellations
Integrations and deployment
Integration and data normalization building blocks
- Open architecture designed to integrate with existing technology and third-party systems
- Symbology support across data providers
APIs and connectivity
- Trading and admin API support (.NET, Java, REST)
- Native / FIX access to markets directly and via third parties
Hosting models
- Regional hosting across the globe or deployment on own hardware in any location
Product In Action
What are the Technological Capabilities of the OMS Solution
Order lifecycle, governance, and UI
|
Capability |
What it supports |
|
Multi-entity trading flows |
Handle transactions involving multiple entities |
|
Custom order ticket & grid |
Excel-style filters, calculated columns, grouping, rules-based highlighting |
|
Infinite order & trade history |
10+ years history and audit from the front end |
|
Advanced logging |
Full log of actions in trading and admin |
|
Bags / composites & mass actions |
Manual/automated actions on large groups of orders |
Execution tools and automation
|
Capability |
What it supports |
|
Multiple trading flows |
DMA (direct+algo), Care (HT+algo), RFQ, Principal |
|
Internal algo suite |
TWAP, VWAP, program trading, iceberg, etc. |
|
Strategy decision audit |
Algo analytics + historic decision audit trail |
|
Custom strategy creation |
Web algo builder + predefined defaults/combos |
Routing and multi-venue execution
|
Capability |
What it supports |
|
Order gating / routing rules |
GUI Boolean rules + field comparisons for routing |
|
Advanced SOR |
Real-time prioritization and selection for multi-venue execution |
|
Multi-listed support |
Multi-region/currency handling in SOR and algos |
Risk, compliance, and reporting
|
Capability |
What it supports |
|
Risk management |
Price/quantity/amount checks + position/velocity/margining |
|
Best execution reporting |
TCA suite for manual/automated trading |
|
Trade reporting |
MiFID II, TRF, TRACE, ORF, CAT, and other listed frameworks |
|
Kill switch |
Granular emergency controls to block/cancel trading |
Post-trade and integration
|
Capability |
What it supports |
|
Middle office |
CTM, FIX allocations, Traiana support; fees/commissions processing |
|
APIs |
Trading + admin APIs (.NET, Java, REST) |
|
Connectivity |
Native/FIX access to markets and 3rd parties |
CASE STUDY
Overcoming Legacy System Challenges: Benefits of making a painful change
Struggling with the limitations of outdated financial systems? Discover how Quod Financial helped a leading institution overcome these challenges in our latest case study. Dive into the journey from legacy constraints to modern financial agility and see how your organization can benefit from similar strategies.
FAQ
Frequently Asked Questions on Quod Financial Equities OMS / O/EMS