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David DittaJun, 4 20242 min read

3 ‘Must Haves’ When Looking for an Automated Trading Solution

At SS&C, we spend a lot of time talking with the thousands of traders using our platforms.  

Between shifting markets, geopolitical uncertainty, an influx of information and data to parse through, 24/7 global markets to contend with, and stagnant trading desk headcount, these traders have a lot on their plates.  

To manage this complexity and free up time to focus on the things that matter most, many trading desks are turning to trade automation.  

Automating trades based on a set of user-defined rule parameters gives trading desks the flexibility to autoroute orders deemed "low-touch" while giving traders ample time and opportunity to work "high-touch" orders with increased dedication and focus.  

By removing the highly liquid, low-touch orders from the trading desk, traders can refocus their efforts on high-impact trades that require trader expertise and drive trading desk ROI. 

Check out these three must-haves when looking for a truly automated trading solution.

1. Algo Wheel Functionality

With the operational and regulatory benefits of an algo wheel, traders can take their trade automation to the next level. 

We consistently hear from traders that the algo wheel enables them to focus on strategy selection and algo inputs without having to worry about where to send orders.  

An algo wheel can help reduce broker selection bias and give your trading desk the right balance of regulatory compliance, operational improvements, and trade execution efficiencies. 

2. Self-service Trader Controls

As the trading desk’s level of trade automation increases, so does the need for self-service management and oversight of trading rules with real-time adjustments.  

Trade automation is only as effective as the rules and parameters you’ve defined. To be truly intelligent and responsive to each trader’s individual needs, the system needs to provide traders with an intuitive interface for directly building and managing rules, wheels, and priorities. 

Rule creation and modification should happen in real time so trading desks can recalibrate rules and wheels based on current market conditions, with changes reflected immediately. 

3. Partnership and Service

Today, firms need the confidence of knowing that their vendor can provide expert service and support when they need it. Your vendor's service team should know not only your technology but also how and why you use it. 

Falling behind has a high cost, and you need to know that your vendor is keeping pace with industry changes and is equipped to help you adapt as well.    

A dedicated representative for your business will undoubtedly help you achieve your goals in automated trading.  

Trading Technology for Today and The Future 

Strong user-vendor relationships are at the center of all exceptional automated trading solutions. 

At SS&C, our technology users play an instrumental role in shaping and validating our automated trading offering, from user experience to trade execution workflows. 

As markets evolve, we continue to work closely with our users and incorporate their feedback into the next generation of our solutions. 

Recent trade automation developments have included increasingly advanced and customizable rule conditions and parameters.  

If you're looking to leverage automated trading to autoroute low-touch orders and refocus your traders' efforts on the high-impact trades driving trading desk ROI, learn more about SS&C’s Eze EMS automated trading. 

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David Ditta

David Ditta is the global head of execution management system sales for SS&C Eze. In this role, he leads sales efforts across the Americas, EMEA, and APAC regions. David has 25 years of experience in financial software and trading, including more than 10 years with SS&C Eze. He has extensive expertise in order management and execution management systems, as well as global electronic trading. He was previously employed as a managing director of global electronic algo sales for ConvergEx, where he also led sales efforts for the first truly integrated OMS-EMS solution on the market, and as an equity trader at SLKC/Goldman Sachs. David graduated with a bachelor’s degree from the University of Rhode Island.