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Nutcracker offers a range of modular services that matches the technology and communication requirements of any professional investment management company. The front-office is supported by the Trading modules including Algorithmic Trading, the Portfolio Management modules and FIX Order Routing; for the back-office function Nutcracker has developed various settlement services. The latest additions to Nutcracker’s range are the Nutcracker Web Portals enabling you to build an interactive trading website to optimise the service to your clients
All of our services run of our proprietary CMS middleware layer. You can find out more about CMS on our Technology page.
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The Professional Trading Service allows you to display both market data; public trading messages such as bids, offers, market trade information and indices; and private trading data such as order entry and modification, order books, trade books and order history.
Trader Tools
This service allows your traders access to advanced tools without having to install a full blown trading app on your system. Currently the following tools are available:
- Technical Analysis
- Graphical views of market depth
- Watch lists with intraday (graphical) market trends
- Advanced gainers and losers and share comparison flagpoles
- Advanced news searches (dependent on external data feeds)
These applications are easily installed by the user using the Microsoft Click Once technology which allows for easy deployment to clients and future updates. The Trader Tools also use HTTP as a transport mechanism which means they could provide their features using the Internet.
The Trader Tools can be easily white labelled to allow for your branding and corporate image.
Algorithmic Trading
When you are involved with algorithmic trading or automated trading, also known as algo trading, black-box trading, high-frequency trading or robo trading, you need a reliable solution for entering your orders with the computer algorithm deciding on the aspects of the order such as the business logic, timing, price or quantity of the order and in many cases initiating the order without human intervention.
Nutcracker’s Algorithmic Trading Engine offers a range of standard algorithms as well as the ability to create your own custom algorithms. Some of the standard algorithms currently offered by Nutcracker include :
• Drip orders
• Icebergs
• Disclosed orders
• Pairs trades
• Basket trades
• VWAP trades
To allow for the creation of custom alorithms, the Nutcracker Algorithmic Trading engine accommodates two types of plugs-ins:
- “listeners” which monitor specified external data feeds and alert the algorithm when certain preset conditions are met. The algorithmic engine can listen to data feeds across multiple exchanges including international data sources;
- “actions” which are activated by the algorithm to execute preset actions when certain listener conditions are met. These actions include automatic single/multiple order entry (across multiple exchanges and instrument types), alerting and reporting.
Nutcracker continually adds new “listener” and “action” plug -ins to the Algo Engine to extend the number of algorithms available to you.
No matter which accounts and investments your client holds, you want to be able to capture, process, view and present all relevant information about and to your client in a transparent, accessible manner.
Nutcracker’s Portfolios V4 offers you:
- Multi data source, multi instruments (including Equities, derivatives, CFDs, unit trusts etc) and multi-currencies
- Client linking to multiple accounts from multiple sources
- Client summary views showing total (aggregated) portfolio values, changes with drill downs to account summaries
- Client detail views
- Client contact and location information with account details (source, instrument type, instrument value, cash balance
- Charting with views of account and instrument breakdowns (pie charts), performance tracking
- Accounts detail views including: holdings, positions, financial history and transactions
- Analysis and ad-hoc queries - of holdings in share, brokerage analysis, financial position etc.
- Statements and Reporting - PDF format customer portfolio reports specifically for Portfolio Valuations, Brokers Notes, relevant statements.
Additional Nutcracker portfolio management functionality includes:
- Extra Client Details - includes all client details such as statement frequencies, additional addresses, management fee details, income distribution and extra notes.
- Portfolio Modeling - allows users to model portfolios based on sectors, stocks, weightings and preferences, compare client holdings to models or compare multiple accounts to models.
- Portfolio Performance - calculates portfolio performance for selected accounts or groups of accounts according to pre-configured or ad-hoc principles.
- Groups - static or dynamic building of groups for use elsewhere in the system.
The Settlement Service handles all of the back office and administration functions associated with financial trading, including the following functionality:
- Management Fees - allows for the rule based management of different fee scales, structures, calculation methods and so on.
- Management Fees Approval - works with the above module. After management fees have been calculated, users can change fees and then approve or reject fees.
- Intermediaries Admin - allows users to manage intermediaries, calculate different values such as fixed amounts, percentage of brokerage and percentage of fees, auto rollovers, approvals and uploads.
- Income Distribution Admin - caters for changes and approvals.
- Authorisations - allows for the controlling and logging of changes to client information not managed by BDA, including address changes and new management fee structures.
- Customer Information Management (CIM) - allows brokers to add custom fields and data to regular BDA accounts, acting as a mini CRM system.
The FIX order routing module offers one stop connectivity to multiple exchanges, multiple instrument types and multiple brokers. The module allows for custom business logic and risk rules for order routing to any connected counter party and offers various front-ends for connectivity. You are able to communicate electronically with a host of financial market participants through just one connection and expand your business reach efficiently.
Below you'll find an schematic overview of the Nutcracker FIX Architecture.
Competing for private clients in a tight market entails that you want to offer outstanding information and the best service available. An excellent way to do this is by providing your customers access to a website that will give them real time market info and the latest market news combined with an update of their portfolio.
With the Nutcracker Web Portals you are able to build your own trading website in a quick and easy manner, no technical knowledge is required. Nutcracker Web Portals has an excellent modular offering of the various elements you would want to include in your website like:
Nutcracker Web Portals allows for excellent security measures at user-, role- and module-level.
It is possible to host the website yourself or have Nutcracker host it for you on the Nutcracker Nexus ensuring excellent uptime and connectivity. You will have easy access to the website to administer, update and adjust where necessary.
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