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Modular Trading Solutions

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About Lynx

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Broker Benefits

Lynx becomes your outsourced technology and support service bureau.

We have all the expertise you require on the trading, technology and regulatory fronts to access the US Equity markets.

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Lynx Partnership

Lynx is your technology partner, offering trading and regulatory expertise in the US Equity markets.

Our product experts work with your team to define your priorities and deliverables. We help you minimize your development costs, develop custom solutions for your clients, maintain your inbound and outbound connections with clients and vendors, manage regulatory reporting, billing, back office, analytics, routing, support.

We put it all in place for you, minimizing your time to market.

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Control your Technology Platform

Our technology is adapting daily to the changing market conditions. While there are always new venues, new liquidity codes, new order types, new client systems, new algorithms, new vendor systems, new trading strategies, you don't have to worry about maintaining any of them.

We work with you to plan the development priorities based on your needs and provide you all the tools and access you need and you simply control the platform in the best way that serves your end customers

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Optimal Order Routing

Lynx maintains connectivity and access to all venues, exchanges, dark pools, market makers.

Your orders are routed to the street in your name, we help you optimize your liquidity access and minimize your costs by managing which venues to access and when.

We work with you on maintaining all the necessary relationships with exchanges, brokers, market makers, dark pools. We will make suggestions on what venues to access directly, how to reduce costs, help optimize liquidity capture for your end clients, minimize their costs and maintain their anonymity.

Our continuous research and development cycle allows you to maintain updated routing tables that adapt to real time market conditions relative to the nature of your order flow.

Products

Connectivity Aggregator

This module allows Broker/Dealers to receive, monitor and direct order flow from multiple clients and multiple OMS/EMS platforms. The customer is able to set up simple routing logic directing order flow one-to-one to downstream destinations.
Standard Package:
  • FIX Connectivity Inbound from multiple entry points
  • Connectivity Outbound to multiple exit points (FIX or exchange native)
  • Simple 1-1 routing rules (if customer is A, send to broker B)
  • Internal market data
  • Connection Setup and Status (Customer or Venue) & Flow Monitoring GUI
  • EOD or T+1 order level, trade level, predefined reports
ADD-ONS:
  • Order API
  • 15c3-5
  • Short Order Marking (requires SOD Positions)
  • Summary Reports
  • Custom Reports
PRICING:
  • Connectivity costs passed back to client (e.g. cross connects, exchange port fees)
  • Nominal fee for certification & connectivity with each platform (inbound & outbound)

Risk Manager

Manage & monitor trade and portfolio level risk.
Standard Package:
  • Single inbound FIX or API
  • Internal market data
  • Default Risk Formulas (position monitor, portfolio risk, etc)
  • Custom Risk Formulas
  • Limit Management & Monitoring GUI
  • EOD or T+1 predefined summary reports
Add-ons:
  • EOD & T+1 Summary reports
  • Custom Reports

Pre-Trade Filters & Compliance

Real-time order flow filtering tool, prevents order flow from accessing the marketplace when it’s deemed to be suspicious or potentially manipulative behavior.
Standard Package:
  • Single inbound FIX or API
  • Single outbound FIX or API
  • Internal market data
  • Order alerts or rejects
  • Filter Config & Monitoring GUI
  • EOD or T+1 reject predefined reports
  • Standard filter package and behavior
  • Customer defined filter parameter values
Add-ons:
  • Custom pattern monitoring
  • Custom filtering logic
  • Custom parameter behavior
  • Summary Compliance & Management Reports
  • Custom Reports
  • T+1 Surveillance Reports
  • Third Party Data for T+1 surveillance
  • Manipulative behavior Charting

Order Monitoring & Support

Support & monitoring GUI for real-time and historical order flow, for traders and support personnel. Included as a free module for order flow through the Execution module. External order flow is monitored as an add-on, as described below.
Standard Package:
  • Single Inbound FIX, API, or accept FIX drop copy for real time
  • Multiple Sources & File Format Data Upload
    • Real time (accept FIX Drop Copy)
    • Pick up from FTP for historical data
  • Join with internal market data for analytics (e.g. algo slippage)
  • Export data to Excel / Email
Add-ons:
  • Development for third party data support and upload
  • Custom Reports
  • Order Actions (e.g. cancel, modify)

Reporting & Analytics

Reporting module for data extraction and visualization, report generation and scheduling.
Standard Package:
  • Client Driven Report Module
  • GUI for data visualization and charting
  • Web tool for pre-packaged reports with minimal customization (e.g. date or account filter, etc)
  • Delivery Mechanisms
    • Excel/CSV
    • FTP
    • Email
    • Scheduler
Add-ons:
  • Broker Fees & Billing
  • Trader Account Reports (positions, fees, interest, corp actions)
  • CAT
  • OATS
  • 605, 606 & Other Regulatory (e.g. trade through, LULD, 1% rule)
  • Back office: Trade booking & Reconciliation
  • Support & Systems
  • Management (e.g. customer summary, P&L, price improvement, net trading)
  • Compliance Package
  • Market Surveillance (Eventus, OneTick, Nasdaq Smarts)
  • Trade & Routing Analytics
  • Best Ex
  • Custom logic

Order Routing & Execution

Order routing & execution mechanism. Includes a standard routing package with destination customization options, but can be extended to a custom routing and execution product.
Standard Package:
  • Single Inbound FIX
  • Custom Outbound Connectivity
  • Sequential or Parallel SOR
  • Routing by order type & TIF
  • EOD or T+1 order level, trade level pre-defined reports
  • Config & Monitoring GUI
  • Standard destinations package
Add-ons:
  • Order-entry API
  • Custom destinations & algorithms
  • Custom Reports

Net Trading / Riskless Principal

Riskless-principal / Net Trading & Order flow monetization
Standard Package:
  • Single Inbound FIX (not API)
  • Lynx Specified Outbound Connectivity & Routing Logic
  • Config & Monitoring GUI
  • EOD or T+1 order level, trade level reports
Add-ons:
  • Custom Reports (e.g. monetization)
  • Custom Routing Logic
  • Custom outbound connectivity

Internalization / Wash Prevention Engine

Execution cost reduction internalization platform & Compliance package for wash trade prevention.
Standard Package:
  • Multiple Inbound FIX or plug in to Routing & Execution module
  • Options on Crossing Logic (e.g. across clients, economic driven, order type driven)
  • Config & Monitoring GUI
  • EOD or T+1 order level, trade level predefined reports
Add-ons:
  • Custom Crossing Logic
  • Custom Reports

Systems monitoring dashboard

A tool used by support personnel to monitor system health.

282 Grand Avenue, STE 5 Englewood, NJ 07631

1-646-902-9844 info@lynxtrading.com