Silexx is a clearing and broker neutral OEMS. While we already have streamlined processes in place with many of the top tier clearing firm, we are constantly working to increase the network of our certified partners.
Yes, depending on your firm's needs, we can generate custom reports, regulatory reports (e.g. OATS), complete order audit trails and realtime order flow reporting (e.g. FIX Drops).
Yes, we support, inbound and outbound FIX Drop copies.
Silexx offers robust risk management systems. Organize accounts into account groups, simple filter functions allow risk management to sort by account, expiration, symbol, or a host of user defined filters. Risk Radar monitors "Event Risk" and calculates Portfolio Margin in real-time and Position Anlyzer offers a convenient way to visualize the risk of complex option positions. Let SILEXX OEMS be a one stop solution to monitor client activity and risk exposure.
Yes, Silexx will work with your firm on a custom automated importing solution for your firm's start-of-day position & buying power files. We are able to seamlessly reload files intra-day, immediately reflecting any changes in the trader's terminal.
Silexx uses a highly efficient proprietary compression and transmission protocol and we do not employ any symbol subscription limitations. On a regular 3Mbit/sec DSL line you can easily subscribe to several thousand symbols and we have clients with huge portfolios that are subscribing to north of 50,000 active tickers. As a rule of thumb, depending on the activity of the symbols you are watching, Silexx consumes ~15Kbit/sec per 500 symbols.
The system requirements can be found here.
All those millisecond and microsecond numbers that you see being thrown around in the press ignore multiple factors of latency and often are a result of incorrect/inadequate measurements. For a manual trader, the single biggest source of latency are your fingers and if you can click more than 5 times per second, that's really good. If you put this in numbers, the avg. person has a 200ms to 300ms delay from thinking to clicking the mouse, to actually executing the click. The second biggest source of latency is introduced by your physical connectivity to our order gateways. Depending on your location, sending an order from San Francisco to New York, takes around 30-40ms. Now, for bragging rights, after our order gateway receives your order, we run all necessary risk checks, validate the order and send it out to the exchange our mean-time latency is ~150µs (microseconds), which is ~3,000 times faster than the time it takes for the order to travel to us. Bottom line, yes, our systems are insanely fast and deliver your orders to the exchanges with negligible overhead.
A list and description of available risk settings in the new Cboe Silexx platform can be found here.