Quod EMS - At a glance
Quod Financial’s Execution Management System (EMS) is a system dedicated to the efficient and timely execution of trade orders.
Multi-Asset Execution
Supports execution across equities, derivatives, FX, and digital assets within a single unified execution framework, including workflows for ETFs, warrants, and mutual funds.
Smart Trading Automation
Combines automated trading, an adaptive algo engine, smart order routing, and internalization to optimize execution efficiency and market access.
Extensive Venue Connectivity
Connects to 80+ trading venues including banks, ECNs, brokers, and liquidity providers, enabling broad market reach and streamlined execution.
Advanced Market Data & Pricing
Provides market data aggregation and routing for quotes, streams, and synthetics, alongside automated multi-channel price spreading capabilities.
Intelligent Risk & Workflow Controls
Delivers automated adjustments based on volatility, markets, and 150+ configurable variables, with rule-based exception management, custom order types, and automated hedging.
Analytics & Flexible Deployment
Supports internalization and crossing workflows, real-time P&L tracking, historical analysis, and flexible deployment models including deployed, managed, and hosted environments.
What is Quod Financial EMS?
Quod’s EMS is a system dedicated to the efficient and timely execution of trade orders. It provides traders with tools such as real-time market data, charting, and access to algorithmic trading strategies and smart order routing—so trading teams can optimize where and how an order is filled.
What problems does Quod EMS solve?
Our EMS helps eliminate fragmented execution tools by providing a unified platform that supports:
Smart order routing across venues
Algorithmic execution for systematic workflows
Manual trading control for high-touch execution
Multi-asset execution consistency across markets
Who is Quod Financial EMS for?
Our EMS solution is built for buy-side and sell-side trading desks, including:
Designed for teams that require advanced execution control across multiple markets and asset classes.
How does Quod Financial EMS work?
Quod EMS orchestrates order execution using:
Configurable algorithms and execution logic
Smart routing logic
Real-time market data
Tight integration with OMS and venue connectivity
What execution management capabilities does Quod EMS include?
Quod EMS supports execution workflows through a combination of:
- Algorithmic strategies (benchmark and alpha-seeking execution logic)
- Low-latency venue adapters for multi-venue execution connectivity
- Execution dashboards for trader oversight and control
- Can be combined with TCA / Best Execution reporting capabilities (module) to analyze execution performance.
- Market data aggregation and routing (quotes, streams, synthetics)
- Automated price spreading and automated adjustments using 150+ variables
- Rule-based exception management, custom order types, and automated hedging
- Internalization/crossing workflows where required
EMS Key Features
Aggregation and SOR of market data, including quotes, streams, and synthetics
Automated multi-channel price spreading
Automated adjustments on volatility, markets, and 150+ variables
Rule-based exceptions and management
Custom order types
Automated hedging
Internalization
High configurability
Real-time P&L tracking and historical analysis
Deployed, managed, hosted
What are the benefits of a multi-asset EMS for institutional traders?
A multi-asset EMS, as Quod provides, is designed to improve execution efficiency by:
- Consolidating liquidity and execution workflows across asset classes
- Enabling cross-asset strategies within a unified execution framework
- Simplifying risk controls through centralized execution logic and workflow handling
- Centralising analytics to support consistent execution decisioning across desks and markets
How does Quod EMS connect to venues?
Quod EMS provides connectivity to 80+ venues, including banks, ECNs, and brokers. This connectivity supports multi-asset execution workflows and routing logic that can act on real-time market information.
Migrating to Quod EMS. Modernize without rip-and-replace
Migration
Migrating to Quod’s EMS is designed to be straightforward because it can be deployed as a standalone layer that integrates with your existing:
OMS
Trading Workflows
Connectivity
This approach supports modernization without forcing a full replacement of your current trading stack.
Can Quod EMS be deployed standalone or combined with other Quod modules?
Deployment
Quod’s EMS can be deployed standalone or combined with Quod modules as execution needs grow, including:
OMS
SOR
Algorithmic trading
Analytics module
I’m using a terminal-based EMS, but need automation and customizable algo strategies, what are my options?
If automation and algorithmic customization are key requirements, Quod Financial provides a unified OMS/EMS/algos/TCA stack through its modular architecture and supports migration to help firms modernize execution workflows without forcing a rip-and-replace approach.
Core Functional Applications within the EMS stack
Quod EMS combines easy configuration, reliable support, and cost-effective operations into one platform.
Automated Trading (AEP)
We provide everything you need to implement successful trading strategies – from simple automation of everyday activities to complex, multi-system-based decisions using real-time market information.
Adaptive Algo Engine (AEN)
The QF Adaptive Algo application provides out-of-the-box algorithmic trading capabilities for alpha-seeking strategies or benchmark algorithms.
- It provides impact-minimizing, liquidity-seeking, and smart order routing.
- Algos can be fully customized by clients to develop complex cross-asset workflows.
Smart Order Routing (ASOR)
The multi-asset ASOR (Adaptive Smart Order Router) is specifically designed to meet the demands of the complex and fragmented global trading markets.
- ASOR seeks liquidity across venues, understands best execution in a real-time market,
- Can act on complex strategies as defined by the Adaptive Algo Engine.
Internalisation (ACROSS)
The MiFID II and Dodd-Frank compliance QF ACROSS application are designed to rapidly create an internalization and crossing engine for all asset classes.
- ACROSS offers a unique feature that allows simultaneous posting on both internal liquidity and external venues.
FAQ
Frequently Asked Questions
Multi-Asset Trading Solution
