Volumes through TORA® Compass™ trading platform continue to grow
Volumes through the TORA trading platform (now called “TORA Compass”) continue to increase. During Q2 2008, trading volume increased 87% over Q2 2007. Over US$24 billion in transactions are processed each month. TORA Compass now processes 26% of the electronic trading flow of the Tokyo Stock Exchange, 18% of the electronic flow of the Singapore Stock Exchange, and 8% of the electronic flow of the Hong Kong Stock Exchange.
The “Hidden” OMS within TORA Compass
TORA Compass is widely acknowledged as the premier platform for electronic trading across Asia, but it also contains a rich set of OMS features that enable buy-side clients to use the platform as a complete trading solution. In this issue, we highlight just a few of these useful features:
- Parent/Child Orders – orders can be staged in the trade blotter, from which child orders can be created, grouped, added, or deleted. Each child order can have a different limit price or broker destination, and orders can be amended at either the parent or child level.
- Dynamic Trade Blotter – blotters can be filtered by trade status and orders can be moved from blotter to blotter as order status changes.
- Staging Orders – orders entered by a trader or portfolio manager can be staged for execution by overnight traders or traders in other geographies.
Custom Securities – users can model custom products and assign specific valuation methods.
- Compliance and Limit Checks – orders are checked against user-defined limits as well as compliance and exchange rules when entered, and when sent to the market.
Veteran Citi Executive Peter Lewis Opens Tora’s New York Office
We are pleased to welcome Peter Lewis to the Tora team as Managing Director based in New York City, focusing on expanding Tora’s client base in North America. Peter joins Tora after a 22 year career at Citi Global Markets where he founded and then managed the New York desk for international equity program trading. He also co-managed the US alternative execution group, and served as a Managing Director of Electronic Execution Sales.
Tora Opens Singapore Office
Tora recently opened a sales and support office in Singapore to better serve our growing Singapore client base. Leading Tora’s new Singapore office will be Tora Vice President Laura Hanson, formerly with BGC International and Cantor Fitzgerald in Singapore and New York.
TORA Compass Adds First-ever DMA Connectivity to India
TORA Compass is the first system to provide DMA connectivity to India’s two major stock exchanges, the Bombay Stock Exchange and the National Stock Exchange of India. Tora worked closely with Morgan Stanley India to deploy the FIX and DMA connections to the Indian exchanges – the first such connections ever deployed in India.
All Tora clients can now work with brokers connected to TORA Compass to electronically trade equities, futures, options, and derivatives in India.
© Tora Trading Services Limited 2008. All rights reserved. The tiger eye symbol, TORA, Tora Trading Services, and Compass are trademarks or registered trademarks of Tora Holdings Limited in the United States and other countries. All other trade and service marks are the property of their registered owners.