Methods and systems for algorithmic order processing
In one aspect, the invention comprises a method comprising: (a) receiving a securities trading order comprising core parameters and strategy parameters in a first format; (b) translating said order into a form wherein said core parameters and said strategy parameters are separated into distinct groups of parameters; (c) processing said core parameters; and (d) transmitting said translated order to said order management system. In another aspect, the invention comprises a computer system comprising: (a) an order component operable to receive a securities trading order comprising core parameters and strategy parameters in a first format; (b) a translation component operable to translate said order into a form wherein said core parameters and said strategy parameters are separated into distinct groups of parameters; (c) a processing component operable to process said core parameters; and (d) a transmission component operable to transmit said translated order to said order management system.
1 . A method comprising:
receiving a securities trading order comprising core parameters and strategy parameters in a first format;
translating said order into a form wherein said core parameters and said strategy parameters are separated into distinct groups of parameters;
processing said core parameters; and
transmitting said translated order to said order management system.
2 . A method as in claim 1 , wherein said first format is XML.
3 . A method as in claim 1 , wherein said translating step further comprises translating said order into a second format compatible with an order management system.
4 . A method as in claim 3 , wherein said second format is FIX.
5 . Software stored on a computer readable medium, said software comprising:
software for receiving a securities trading order comprising core parameters and strategy parameters in a first format;
software for translating said order into a form wherein said core parameters and said strategy parameters are separated into distinct groups of parameters;
software for processing said core parameters; and
software for transmitting said translated order to said order management system.
6 . Software as in claim 5 , wherein said first format is XML.
7 . Software as in claim 5 , wherein said software for translating further comprises software for translating said order into a second format compatible with an order management system.
8 . Software as in claim 7 , wherein said second format is FIX.
9 . A computer system comprising:
an order component operable to receive a securities trading order comprising core parameters and strategy parameters in a first format;
a translation component operable to translate said order into a form wherein said core parameters and said strategy parameters are separated into distinct groups of parameters;
a processing component operable to process said core parameters; and
a transmission component operable to transmit said translated order to said order management system.
10 . A system as in claim 9 , wherein said first format is XML.
11 . A system as in claim 9 , wherein said translation component is further operable to translate said order into a second format compatible with an order management system.
12 . A system as in claim 11 , wherein said second format is FIX.
13 . A system as in claim 9 , further comprising one or more order handlers for mapping strategy XML fields to a FIX protocol.
14 . A system as in claim 9 , wherein said order component comprises a web server.
15 . A system as in claim 9 , wherein said order component comprises a workstation in communication with a computer network.