Plug'n Trade -

Plug'n Trade® is a modular suite of financial products based on open interfaces, which can be easily integrated into existing platforms. The suite is under constant evolution, and new products are announced every few months. Get a detailed presentation of Plug'n Trade.

The suite currently includes the following subsystems:

P'nT Trading

A complete trading platform for Electronic Financial Markets, supporting differentes product types, with direct connectivity to the exchanges and fully integrated with the rest of the suite.

OrderManager: Highly efficient Orden Management System, including multimarket and multiproduct capabilities, and supporting both blind markets and B2C negotiation.

PriceManager: Price disseminator based on a star architecture, capable of supporting hundreds of simultaneous users in strict real time.

RiskManager: Real-time risk calculator, allowing pre-trading filtering, post-trading warnings and automatic position closing. Fully configurable from the Supervisor Console.

CkTS: Professional trading terminal, multimarket and multi-instument, fully user-configurable and specifically designed for professional traders.

CkMCS: Supervisory and Administrative Console, including avanced funcionalities for orders and trades querying, statistics generation and control of connected users.

FixGateway: A standards-based gateway for the interconnection of external order collection systems.

A large set of Market-Adapters:

	Eurex (Frankfurt derivatives)..
	Liffe (London derivatives).
	CBot (Chicago derivatives).
	EuroNext.Liffe (Amsterdam, Lisbon, Paris, Brussels derivatives).
	Meff (Spanish derivatives).
	Eurex-USA (USA derivatives).
	EuroNext (spots and warrants in Amsterdam, Lisbon, Paris, Brussels).
	CME (Chicago derivatives).
	EuroMTS (european debt).
	SENAF (spanish debt).
	Bloomberg (international debt).
	MexDer (Mexico derivatives).
	SIBE (spanish spots and warrants).
	Reuters (international debt).
	ICE (oil, gas and energy derivatives).
	*TradeWeb (international debt).
	*BondVision (international debt).

(*) Under developement.

P'nT Clearing

Middle-office platform, with direct connectivity to different clearing houses, including i/o interfaces to back-office systems. Unifies clearing transactions, isolating the users from clearing houses peculiarities. Supports both GCM,s and NCM,s functionalities.

ClearManager: Unified Clearing Manager, multimarket and multiproduct. Automatic rules can be defined for assignments, give-up entry and give-in acceptance. Allows entry of local transactions, where only required operations are sent to the clearing house. Supports off-line operation: Pending transactions are sent to the clearing house as soon as the connection is re-established.

CkCS: Clearing professional terminal, multimarket and multi-instrument, fully user configurable. Includes a reconciliation engine to match operations against confirmations sent by clients. Direct interface to Excel allows copy/paste of splits and assignments.

Direct Adapters to different clearing houses:

	Eurex (Values API).
	Liffe (Tramp).
	Meff (MeffGate Fix).
	*CBot (Clearing21).
	*EuroNext.Liffe (Clearing21).
	*ICE (Tramp).

(*) Under developement.

Interfaces to the most widely used back-office systems: Rolfe & Nolan, Murex, Kondor+.

P'nT Quoting

Unified multimarket quoting system, with support for both debt and derivatives products. Isolates Entity's price generation engines from market access peculiarities, offering a unified interface for controlling price engines and monitoring quoting activity in real time.

QuoteManager: Centralized quoting manager, multimarket and multiproduct. Includes a repository where price calculation, order generation, alerts and other parameters are held. Unifies controlling and monitoring different price engines, enqueues quotes to the markets, processes eventual executions, replenishment rules, etc.

CkTS-Q: Quoting module for the CkTS terminal. Shows in real time own quoting activity, together with market prices. Allows starting/stopping quote generation in one or a group of instruments. Supports hot, real-time update of calculation and quote generation parameters.

Open interfce, ready for the easy integration of different price generation engines

Sophisticated queue manager, supporting priority rules, pending quote substitution, etc.

Direct adapters to differentes markets:

	EuroNext (warrants).
	Bloomberg (international debt).
	SENAF (spanish debt).
	EuroMTS (european debt).
	SIBE (warrants and ETF,s).
	Reuters (international debt).
	*TradeWeb (international debt).
	*BondVision (international debt).

(*) Under developement