Order Management System

Description:

The Order Management System (OMS) is used by brokerage firms as a trading platform. OMS is built on the ManafSoft back office suit of applications (Brokerages, Accounting, and Portfolio Management). It is worth mentioning that the OMS is specifically designed to deal with FIX (Financial Information eXchange) enabled markets and has been tested on the Dubai, Financial Market (DFM), Abu Dhabi Securities Market (ADSM), Doha Stock Market (DSM), and is at this time being tested on Amman Stock Exchange (ASE) platforms.

The available features listed below are directly related to the FIX features enabled by each market. ManafSoft posses the capability and technical knowledge of enhancing and adding to these features depending on what is needed or what is open for the public within the FIX protocol.

The OMS is regarded as one of our strongest products as it links to the Back office systems (i.e. Accounting, Brokerage and Portfolio systems) thus allowing firms to obtain entire standings of their clients information at all times. To ensure both the firm’s and client’s safety ManafSoft has also built in a Risk Management Module.

 

Features:

• Order Management:
  • Sell/Buy Orders
  • Change Existing Orders
  • Cancel Orders
  • Order Status
  • Order Queries
  • Order Handling (Accept, Reject, Suspend, Resume)
   

• News & Bulletin Messages:
  • Receiving and handling bulletin messages broadcasted from the Market Server
   

• Market Data:
  • Data Snapshots
  • Data Subscription
  • Best Bid/Offer prices
  • Market Depth
   

• Securities:
  • Available Securities
  • Securities Status
   

• Trading Session:
  • Market Status (Snapshot or Subscription)
  • Follow-up on best Bid and Offer
  • Follow-up on Rejected requests
   

• OMS Administrative & Security Features:
  • Adding, Deleting Users
  • Users Password & Privileges\ Follow-up
  • System User Interface
  • User Trading Limits
  • Clients Credit Limits
  • SMS services setup
  • Network Monitoring
  • Auto Market Connectivity
  • Retrieving Orders in case of Server disconnection
   

• Reports & Statistics:
  • Log Reports
  • Statistics Reports
   

• Gateway:
  • Runs on the brokerage firm side of the network, acts as a translator between the OMS and the FIX protocol to handle requests and messages from the Market
  • Message handling
  o Transmitter Manages outbound message from Manaf OMS to Market gateway.
  o Receiver Manages inbound messages from Market gateway.
  o Administrative session layer
  • Logon Messages
  * Resend Requests
  * Rejected Messages
  * Detect Incoming/Outgoing sequence gaps
  * Test Requests
  * Monitor network connection and line availability