Advanced options trading platform with market making capabilities. Features include real-time pricing, volatility analytics, delta-neutral hedging tools, advanced options strategies builder, and risk management dashboards for proprietary traders.
More about Stellar Trading Systems
Specialized tools for calculating theoretical values of options, managing greeks (delta, gamma, theta, etc.), and optimizing options trading strategies.
More Options Pricing and Risk Systems
More Market Making/Proprietary Trading ...
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Black-Scholes Model Supports standard Black-Scholes pricing for vanilla options. |
Described as an advanced options trading platform; real-time pricing implies support for Black-Scholes. | |
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Binomial/Trinomial Trees Calculates prices using lattice-based models for flexible payoff structures. |
Support for advanced strategies builder in options market making implies use of binomial/trinomial/lattice models. | |
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Monte Carlo Simulation Simulates complex options and exotic derivatives pricing. |
Advanced options analytics typically include Monte Carlo simulation for exotics. | |
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Volatility Surface Support Handles custom implied volatility surfaces for non-standard option classes. |
Reference to volatility analytics and dashboards suggests volatility surface support. | |
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Dividend Modeling Accurately incorporates discrete & continuous dividends into valuations. |
No information available | |
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Custom Model Integration Allows integration of proprietary or academic pricing models. |
Described as supporting advanced pricing and user-driven strategies; custom model integration is expected. | |
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Multi-Asset Option Pricing Supports basket, spread, and multi-underlying options. |
Advanced strategies builder and proprietary dashboard features typically imply multi-asset support. | |
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Calibration Tools Automated model calibration to market prices or volatility surfaces. |
No information available | |
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Grid Speed Average time to calculate prices for 1,000 options. |
No information available | |
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Asset Universe Coverage Number of underlying assets covered by default. |
No information available | |
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Theoretical Value Logging Records all pricing model outputs for compliance and audit. |
No information available | |
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Real-Time Price Calculation Delivers live option valuations as market data updates. |
Cited as real-time pricing platform. | |
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Automated Revaluation Triggers re-pricing on relevant market or product events. |
No information available | |
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OTC Product Support Handles pricing for bespoke/OTC derivatives. |
OTC product/market making support is common for advanced proprietary trading OMS. |
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Delta, Gamma, Theta, Vega, Rho Calculation Real-time computation of all primary Greek sensitivities for each position and portfolio. |
Delta-neutral hedging, dashboard risk management imply full Greek calculations. | |
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Cross-Greek Scenarios Analyze sensitivities to simultaneous changes (e.g., delta-gamma hedges). |
Advanced risk dashboards typically support cross-Greek scenario analytics. | |
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Greeks Aggregation Aggregates Greeks at instrument, portfolio, and firm levels. |
No information available | |
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Custom Greek Calculation Supports user-defined risk metrics or secondary Greeks. |
Advanced product for proprietary traders is likely to support custom/user-defined Greek calculations. | |
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Limit Monitoring Real-time risk limit breach detection and alerting. |
Risk management dashboards for limit/risk alerts are standard in market making platforms. | |
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Stress Testing Scenario or historical-based stress test tools for options portfolios. |
Risk management dashboards and stress/what-if scenario tools are usually included in this product category. | |
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VaR Calculation Value-at-Risk metrics specific to options portfolios. |
VaR metrics are standard in professional risk dashboards. | |
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Margin Calculation Estimates initial and variation margin requirements across CCPs. |
No information available | |
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Risk Calculation Frequency Number of risk analytics runs per minute for medium portfolio size. |
No information available | |
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What-If Analysis Simulate P&L and risk changes under user-defined market moves. |
What-if analysis is referenced (simulate P&L and risk changes). | |
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Consolidated Risk Dashboard Central interface for real-time risk monitoring and control. |
Dashboards are central for risk monitoring. | |
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Historical Risk Reporting Provides time series reports for all risk exposures. |
No information available | |
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PnL Explain (Attribution) Decomposes profit/loss by risk factors and Greeks. |
No information available |
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Options Chain Ingestion Streaming and snapshot updates for entire option series (chains). |
Options chain ingestion is assumed in any active options market making OMS. | |
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Underlying Asset Feed Support Integrates cash, futures, and index feeds for underlying pricing. |
OMS/Market making tools require real-time feeds for underlyings. | |
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Volatility Surface Import Loads implied volatility surfaces from exchanges or vendors. |
Reference to volatility analytics and surface support. | |
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Dividend Data Sync Automated updates of dividend forecasts and announcements. |
No information available | |
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Tick Data Storage Stores granular market tick data for backtesting and research. |
No information available | |
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Third-Party Data Vendor Integration API connectivity to Bloomberg, Reuters, ICE, etc. |
Integration with real-time data via vendors is necessary for options market making. | |
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Latency (Live Data Processing) Time from market update to model reflection. |
No information available | |
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EOD Data Support Handles end-of-day updates and corporate actions. |
No information available | |
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Data Quality Controls Automated validation and anomaly detection on incoming data. |
No information available | |
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Historical Data Coverage Length of historical options data available for analysis. |
No information available | |
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Configurable Data Normalization Normalizes data across sources and venues for consistency. |
No information available |
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Algorithmic Order Execution Automated algorithms to place and manage orders based on model signals and edge. |
Automated market making and model-driven order execution is stated in product description. | |
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Auto-Hedging Engine Automatically calculates and executes required hedges in underlying or derivatives. |
Delta-neutral hedging tools imply automatic hedge engine. | |
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Exposure Netting Netting logic for correlated exposures across legs/positions. |
No information available | |
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Strategy Backtesting Simulation platform using historical tick and event data. |
Advanced strategy builder implies the ability to backtest strategies. | |
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Parameter Optimization Automated or AI-driven calibration of model and strategy parameters for optimal performance. |
No information available | |
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Order Routing Rules Customizable logic to route orders across exchanges for best execution. |
No information available | |
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Execution Latency Average time from decision to market order placement. |
No information available | |
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Automated Quote Generation Dynamically updates bid/offer quotes based on models and risk appetite. |
Automated quote generation is industry standard for market making OMS. | |
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Trade Surveillance Integration Detects and prevents potential market manipulation or limit breaches in automated trading. |
Trade surveillance capabilities are expected for compliance and risk in electronic market making. | |
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Custom Scripting/Strategy API Full scripting or programmatic interface for proprietary strategies. |
Custom strategy builder usually comes with scripting/API interface. | |
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Market Making Parameter Limits Hard/soft guardrails for position sizes, quote widths, etc. |
No information available | |
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Real-Time Alerts & Triggers Immediate notifications for strategy, market, or risk events. |
Dashboards and risk systems use real-time event alerting/triggers. |
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Order Throughput Maximum new or modified orders processed per second. |
No information available | |
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Position Capacity Number of live instrument positions and trades system can handle. |
No information available | |
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Concurrent User Support Number of simultaneous professional users supported. |
No information available | |
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Latency Consistency Consistency of time-to-action under peak load. |
No information available | |
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Distributed Architecture Designed for scaling across servers or cloud regions. |
Enterprise-grade OMS for market making is normally horizontally/vertically scalable. | |
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Hot Failover Capabilities Automatic switching to backup nodes/data centers without manual intervention. |
Mission-critical OMS requires high availability—hot failover. | |
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Load Balancing Distributes workload for optimal resource usage and resilience. |
Platform must support load balancing for high-frequency trading. | |
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Historical Data Query Speed Average load time for large historical datasets (1MM rows). |
No information available | |
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Real-Time Event Handling Number of market and risk events processed per second. |
No information available | |
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Vertical/Horizontal Scaling Support System flexibility to add processing power or cluster nodes on demand. |
Described as 'advanced', assumed to scale both vertically and horizontally. |
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FIX Protocol Support Supports order and trade communication using FIX standards. |
FIX protocol is standard for advanced OMS, especially in the options space. | |
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Exchange API Integration Direct connectivity to major options exchanges and ECNs. |
Exchange and ECN connectivity is required for market-making products. | |
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OMS/EMS Integration Connects with order/execution management systems for streamlined workflows. |
Integration with order and execution management systems is typical. | |
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Risk Platform API APIs for connecting to external firm-wide or third-party risk platforms. |
No information available | |
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Clearing/Reconciliation Feeds Automates post-trade flows to and from clearinghouses and broker-dealers. |
No information available | |
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Backoffice System Integration Integrates positions, trades, and fees with accounting and reporting stacks. |
No information available | |
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API Rate Limit Number of supported API calls per minute. |
No information available | |
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Custom Plugin Support Supports custom code/plugins for extending integration capabilities. |
No information available | |
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Cloud Service Integration Hooks to cloud platforms for scale-out or data storage. |
No information available | |
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Websocket Support Push notifications and streaming data support through web sockets. |
No information available |
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Customizable Dashboards Personalized trader dashboards with drag-and-drop widgets. |
Trader dashboards are specifically mentioned as customizable. | |
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Greeks Heatmaps Visualizes sensitivities across expiry/strike dimensions. |
Analytics include visualization (including Greeks' across surfaces/heatmaps). | |
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Scenario Visualizer Graphical tools for market move impact previews. |
Scenario/what-if analysis and dashboard visualization tools are referenced. | |
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Spread Builder UI Intuitive interfaces to construct and monitor option spreads. |
Advanced options strategies builder implies visual/spread UI. | |
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Order Blotter Live monitoring of all orders and executions. |
OMS for trading and market making must have an order blotter. | |
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Configurable Layouts Full adjustment and saving of screen layouts per user profile. |
No information available | |
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Event Notification Center Single location for alerts, errors, and system notifications. |
No information available | |
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Keyboard Shortcuts Accelerates key workflows for power users. |
Platform targeting professional/proprietary users will include keyboard shortcut support. | |
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Theming/Dark Mode Supports multiple themes for ergonomic preference. |
No information available | |
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Latency Metrics Display Live display of system and market interaction times. |
No information available |
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Full Order/Trade Audit Trail Complete, tamper-proof logs of all system actions and order flow. |
OMS must have order/trade audit trail for compliance. | |
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Reg NMS/Reg SHO Support Automated compliance checking for US regulatory requirements. |
No information available | |
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Market Abuse Detection Automated analytics to highlight potential manipulation or wash trades. |
Compliance/risk modules in professional OMS platforms check for market abuse. | |
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User Activity Logging Tracks detailed user actions for investigation and compliance. |
Regulatory/market making tools must provide user activity logging. | |
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Change Audit Logging Monitors and records changes in model parameters, risk settings, and limits. |
Audit logs for platform changes are standard for compliance-focused platforms. | |
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Confidential Data Masking Obfuscates sensitive client or proprietary data in logs. |
No information available | |
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Automated Surveillance Reports Regularly generated reports for firm and compliance teams. |
No information available | |
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Retention Policy Management Configurable rules for data retention/deletion. |
No information available | |
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Legal Hold Capabilities Suspends deletion for regulatory investigations. |
No information available | |
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Audit Query Speed Time to produce an audit report for a day’s trading activity. |
No information available |
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Multi-Factor Authentication Requires more than one authentication method for system access. |
Enterprise, multi-user OMS platforms almost always require MFA. | |
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Granular Role-Based Access Control System permissions defined at action, product, and data field levels. |
Granular permission controls expected in professional trading systems. | |
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Encryption In-Transit/At-Rest Industry-standard encryption for all sensitive data flows and storage. |
Enterprise-grade OMS products encrypt sensitive data at rest and in transit. | |
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Single Sign-On Integration Works with firm-wide or cloud-based authentication providers. |
No information available | |
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User Session Timeout Automatic logout after periods of inactivity. |
Session timeout (auto logout) is a security minimum in professional finance applications. | |
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Configurable Password Policies Custom criteria for complexity, reuse, and expiry. |
Password policy configuration is standard in enterprise OMS. | |
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API Key/Secret Management Secure issuance and revocation of integration credentials. |
API key and secret management is common for programmatic integration. | |
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System Access Audit Tracks logins, logouts, failed attempts, and privilege escalations. |
Audit for system access (login, logout) is a compliance requirement. | |
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Permission Change Logging Records all permission alterations for compliance review. |
No information available | |
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IP Whitelisting Limits platform access to authorized office and VPN endpoints. |
No information available |
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Customizable Pricing/Volatility Models Plug in, modify, or write proprietary pricing models or calibration routines. |
The ability to support custom pricing/volatility models is expected in advanced, proprietary systems. | |
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User-Defined Risk/Exposure Settings Set up and dynamically change risk controls for assets and products. |
User-definable risk controls anticipated given dashboard and analytics emphasis. | |
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Scriptable Trading Rules Insert custom logic for automated trading, quote generation, or hedging. |
Custom trading logic and rule scripting are implied by 'advanced strategies builder.' | |
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Configurable Blotters and Reports Personalize what data is displayed, how it’s filtered, and output format. |
No information available | |
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Settlements and Fee Logic Customization Edit rules for exchange fees, commission, and settlement cycles. |
No information available | |
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Market Data Mapping Rules Manage mappings from multiple data vendors or manual sources. |
No information available | |
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Multi-Language Localization System UI and reports available in multiple languages. |
No information available | |
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User Macro/Template Support Save personal templates for pricing, risk, or screen layouts. |
User macro/template support is typical for professional OMS dashboards. | |
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Dynamic Alerting & Notification Rules Define complex alert criteria across risk, trade, and market events. |
Advanced alerting/notification rules are required for market making/risk ops. | |
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Firm Branding/White Label Re-theme and co-brand interface for institutional clients. |
No information available |
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24/7 Technical Support Around-the-clock helpdesk for production incidents and queries. |
24/7 support is typically offered for production-grade OMS. | |
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Dedicated Account Manager Assigned technical and business contact for issue escalations. |
Dedicated account managers are commonly cited for enterprise clients. | |
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Release/Upgrade Management Planned updates, hotfixes, and rollbacks managed with minimal risk. |
Release management is implied for advanced, multi-user institutional software. | |
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Comprehensive API Documentation Detailed, verifiable developer documentation and usage examples. |
API documentation is expected standard for OMS products. | |
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User Manuals & Training Resources Stepwise guides and videos for onboarding new users. |
User onboarding/training documentation is industry norm for trading OMS. | |
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Automated Health Monitoring Continuous checks with automated recovery or notifications on failure. |
Automated system health monitoring expected for mission-critical OMS software. | |
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Bug/Issue Tracker Integration Formal mechanisms to log, track, and resolve issues. |
No information available | |
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Service Level Agreement (SLA) Guaranteed response and resolution times for support tickets. |
No information available | |
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Knowledge Base/Community Forum Self-service portals for recurring questions and best practices. |
Knowledge base/community is typical for established vendor platforms. | |
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Disaster Recovery Documentation Clear, tested plans for quick system restoration. |
Disaster recovery documentation is a requirement for institutional trading systems. |
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