The Wellington Financial Systems has invented
an intraday, UIT Trade Order Routing system. The mechanics are as
follows:
Unitrex dealer enters / receives a UIT order from the broker;
UIT is flagged as either auto-route, manual-route, or never-route.
Auto-route–dealer side trade is automatically generated
by Unitrex and the trade is sent to Wellington trade server which
routes the trade to the proper UIT Sponsor.
Manual-route –dealer
must view the trade and take action to route the trade as above.
No-route –UIT
is not eligible for trade order routing.
Sponsor Information: Trade Order Routing (AORS™) is an electronic
transmission of UIT trades that uses the FIX protocol. Sponsors
can participate in the Trade Order Routing in the following ways:
License the Unitrex UIT trading system for in-house use. Unitrex
has the Sponsor-side UIT order receive protocol built into the
front end interface.
This interface can be customized by WFS to feed UIT orders
into the Sponsors existing UIT order management system.
Dealer Information: Trade Order Routing (TbOR) is an electronic
transmission of UIT trades that uses the FIX protocol. Dealers can
participate in the Trade Order Routing in the following ways:
License the Unitrex UIT trading system for
in-house use. Unitrex has the Dealer-side UIT order send protocol
built into the front end interface.
11 Oak Street Ridgewood, NJ 07450
phone: (201)389-6690
fax: (201)389-6694 Copyright 2009, Wellington Financial Systems, Inc.