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Order Routing System for a leading securities brokerage
 
 
Client
One of the premier securities brokerages firm
 
Challenge

Develop a state-of-the-art order routing solution that enables electronic connectivity and trade execution at multiple stock exchanges over LAN/WAN

 
Solution

Wipro designed, developed and implemented an Order Routing System (ORS) - ORS provided the brokerage house with an internal network for collecting orders via local or remote Trader Workstations with connectivity to multiple execution venues. It also acted as an agent to a crossing venue, internal or external (stock exchanges), for executing these orders.

Data feeds from the Exchange(s) provide real-time trade information to the traders, and orders can be routed to any specific Exchange of which the brokerage house is a member of.

 
Benefits
ORS offers an internal crossing engine, which enables crossing of open orders internally within the brokerage house before the orders are sent to the Exchange(s) (supporting internal and cross match).
ORS supported transmission of matched transactions to investment support or settlement systems of all participants involved in trade.
ORS Architecture offers scalability and flexibility to meet future business requirements


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