MJT was asked back in 2019 to modify or adapt our Complex Order Functionality used for MM's, to support the Floor Broker community in the new NYSE Pillar Rollout. We offer realtime pricing in both leg prices and cash.
MJT is Pillar Floor Broker Software Certified by the Exchange.
MJT Supports Cash Market Bids and Offers for any ratio Complex Order.
MJT also has Cash Neutralizing algos so the Options always price the legs between the NBBO and the stock within the Day's High, low.
Please watch the video to the right for an example of a 20 leg SPY condor with sub-penny limits get processed, Video is offline now please inquire if you would like a demo?
We can support as many legs as you want with stock or without.
We offer split pricing of a series to accomplish compliant prices for limits that are sub-penny but must be consummated in penny values.
Imagine going into the crowd with the trade prices known before the open outcry auction completes.
We are faster than than anything being used now.
Realtime market watcher for compliance with NBBO, Local Exchange BBO and Exchange spread market BBO.
We offer realtime delta adjustments for both options and stock legs.
We can trade allocate in near realtime to contra parties.
CAT 2d Compliance if needed or if not redundant.
SEC 15c3 sanity checks.
Risk Controls for Quantity, Notional, Aggregate and restricted stocks limits.
Logging of all market data and trade related data for future regulatory review needs.
Catalog of past trades keeps track of who has the open interest and may project future rolls.
Mobile Handheld Floor Broker Execution technology.
Ability to hold an order in suspension overnight so you dont have to re-enter the next day.
Ability to clone an order making it easy to have the same order with various limits or other subtle changes.
Capability to send the spread details to other applications if allowed by the rules.
The faster the trade is up the more desirable your execution is to some market participants.
Theoretical pricing models for complex orders.
MJT Supports, NYSE ARCA Direct, COB, CUBE, QCC, Open-Outcry and all Crosses.
MJT has a Trading Official application for Exchange use or Firm Test Simulations
FIX order entry to single leg and complex multi-leg order books.
QCC entry of Qualified Contingency Crosses
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