Hedge Fund Services

Pricing is based upon:

· Level of activity
· Average size of individual trades
· Percentage of listed versus over-the-counter business

Services Provided:

Direct orders to NYSE, AMEX, regional exchanges, and ECN's
Monitor in real-time profit & loss of open positions, status of open orders.
Level 2, quote monitor, news, charts from a variety of data providers.
Configurable user interface - single or multiple windows, tabs within windows, control placement of views within tabs and windows.
Web-based reporting - see intra day and historical trade reports.

Order types supported:

Market, limit, stop, stop market, trailing stop, one cancels other
discretion, pegging, reserve, cancel, cancel/replace, timed orders
Multiple account trading
User-definable portfolios - allows user to partition his holdings and track each group separately.
System is professionally hosted at Savvis Communications. Clients connect via Internet or dedicated lines.

Smart Order Routing:

Proprietary smart order router finds hidden liquidity and achieves best execution.

Basket Trading:

Basket orders place a list of orders simultaneously.
Baskets can be imported from Excel.
Baskets can be created from existing holdings.
Basket algebra to manipulate the basket size by dollars, by multiples.
Conveinent user interface controls allows setting order parameters for all basket entires with one action.
Live pricing - set the limit prices to track the market, bid, ask, last with an optional offset.
Live basket orders display an aggregate status, drill down to see individual order status.
Can reprice all orders in a basket to the market, bid, ask, or last price.
Can cancel all orders within a basket with one click.
Can cancel/replace and cancel individual orders within the basket.

Order Blotter:

Import orders from portfolio management system or Excel
Maintains live status of total executions against the order including average price and shares remaining.
Orders can be sent individually or in groups. Orders can be manipulated individually or in groups.
Drill down to see all the orders set into the market for a given order blotter entry.
Timed orders - can send 10% or specific quantity at timed intervals.
Live pricing - set the limit prices to track the market, bid, ask, last with an optional offset.
Superb user interface layout allows the trader to monitor & submit orders with minimal screen real estate.


Trade Monitoring & Risk Management:

Broker dealer staff can monitor all trades in all accounts in realtime.
Broder dealer configurable limits such as required equity percentages prior to trading.
RegT or retail day trading buying power maintained for each account
DVP and Average Price Trading supported
Administration function to disable trading, set to close only, or cash trades only.