BAXTER Financial Services Ltd. is a global "Best Execution" and Technology
group specialized in the Foreign Exchange markets. BAXTER's leading
service is a centrally cleared multibank trading platform for spot-FX.
BAXTER believes that innovation, market knowledge, and technical expertise
are the keys to enhance customer service. Combining over 15 years of
specialized experience in these areas, BAXTER is able to offer the highest
standard of institutional FX trading to all market professionals through
proven trading functionalities.
BAXTER's responsive culture and expertise in currency markets enable a
simple strategy: develop ultra efficient trading models according to the
customer's environment and needs. By working closely with its customers
and partners, BAXTER's Research and Development is helping to deliver
trading solutions for the FX markets.
BAXTER's Currency-Dealing.NET platform offers a unique venue to end Users.
It applies the principles of Exchange trading to the Inter-Bank Spot-FX
Markets. BAXTER's web interface offers a simple, cost effective way to
experience access to the Inter-Bank market. It is quick, User friendly and
all you need is a browser with the latest shockwave plug in. The
combination of Order Types, Validities and Trading Functions allow
sophisticated professional trading despite its simplicity.
Real-time application inside the browser
BAXTER Financial Services Ltd believes anyone that trades on the Internet
should be able to access one's service anytime, anywhere, and most
importantly, quickly. However, the only universal medium, the web, is not
yet adapted to broadcasting live streams of data. By building a real-time
application inside the browser, using secure http communications, Baxter
Financial Services Ltd is the only company to have solved the problem.
Design integrated within application in real-time
Another aspect of the constant evolution in financial markets is the
ability for a service provider to communicate efficiently with its
clients. Again we innovate by offering you the capability to upgrade your
user interface interactively without any intervention and with minimal
effort on your part.
3D gaming technology applied to online trading
Innovations in 3D technology in the past 5 years have been well overlooked
in business applications. When data is represented in a real-world-like
environment, navigation is more easily understood, and more data can be
shown in the same screen space; in short the data is brought to life. The
fun and attractiveness of these graphical representations appeals greatly
to the younger generation, thus allowing you to capture and retain new
markets.
Price Engine
The Price Engine system is a Real Time application, whose main objective
is to provide a tool for market makers to transmit client specific,
tradable prices to different destinations (i.e. clients, FX portals). The
system may use Magnetic Rounding algorithms that can provide comparative
advantages for market makers.
The system constitutes of four modules:
- Extraction
- Trackwheel
- Tiering
- Publishing
Extraction
The raw prices are grabbed from various sources. These sources include the
standard data vendors (Reuters and Bridge) but the process can also
interface with internal applications. The prices grabbed from the vendors
are sorted and cleaned to ensure that they generate a valid mid price. A
set of algorithms has been developed to allow for the generation of the
clean price. All the parameters of the algorithm are configurable. Cross
rates can be calculated to enrich the source for less traded currency
pairs. Alert is generated in the event that no valid price is available.
Trackwheel
The core function of TrackWheel is to allow the dealer to monitor and
manipulate clean prices before passing them to the clients. In normal
operation, the TrackWheel will take the clean price and add the Market
Maker's defined spread (and possible skew). The dealer can stop prices
being broadcasted or control prices in manual mode.
Trackwheel Device: It is the hardware specially designed for the effective
use of TrackWheel Interface. Three keys and a wheel is placed on the
device allowing the dealer to change the spreads and mid-prices in a very
efficient and fast way. When the market movements are not traceable any
more, a panic button; helps to stop delivering prices.
Trackwheel Interface: This is the Graphical User Interface (GUI) component
of TrackWheel, where the dealer can control two-way prices (bid/ask
quotes) or stop prices being broadcasted.
Trackwheel Server: For each currency-pair a TrackWheel Server is set up,
which handles the transmission and the authorization of Clients. Each
currency-pair can be accessed and manipulated by only one Client at the
same time for exclusivity reasons.
Tiering
The Tiering takes the core prices from the TrackWheel, and adds client
specific tiers to these prices before sending them to the relevant
broadcasting module. Clients and the corresponding tiers can be defined in
the administration tool.
Publishing
The publishing module receives prices from the Tiering component and
formats them in the correct mode for broadcast (XML, FxML etc.), and
transmits the messages to the client. The Price Broadcasting system is
developed in Java, uses SwiftMQ for communication, with JMS (Java
Messaging System) protocol. It is compatible with most of the operating
systems (such as Windows and Unix).
|
