TradeWave Schematic

The TradeWave system is divided into two clear sections, the client side and the market side. In addition there are a set of supporting components/services used by the TradeWave system.

Client Order Manager

This manages the client orders. Features include

• Joining matching orders

• Splitting orders

Market Order Router

This takes the Market order and sends it out to the correct FIX Market Connector. It manages the Market order state and relays executions back into the client order side of the system.

Client Market Order Bridge

This takes Client orders and create Market orders for each one. It then handles the Market executions assigning them to the underlying client orders.