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  OPTION TRADING & MARKET MAKING SOLUTION
     
     
  Designed for Stock Options, Stock Futures, Index Futures & Options trading and market making, APFA OAPI solution comprising SOMM UI, OAPI Engine and MX Trade Lite offers connectivity with Hong Kong Futures Automated Trading System (HKATS), the electronic trading system of the Hong Kong Futures Exchange (HKFE).  
     
   
     
  KEY FEATURES  
     
  With a minimum of 1 Trader ID and 1 TCP/IP port, an OAPI Engine can get real-time prices and clearing trade details, as well as offering order functions. For speed enhancement, complemented with additional Trader ID and TCP/IP port, unlimited number of OAPI Engines can be added on the OAPI architecture. It means functions of getting quotes, getting clearing trade details and order placing can be run on three separate OAPI Engines. Other ideas like OAPI Engines dedicated for individual stock or index can also be implemented to optimize performance.  
     
 
To accomodate requirements of different users, SOMM UI has both Passive and Active Mode.
SOMM UI in Passive Mode (i) is configured to offer quotes 5 seconds after receiving quote
  requests; (ii) calculates quotes based on the means of existing bid/offer and displayed in maximum
  price spreads; and (iii) placed quotes in the market for 11 seconds by default. Within the displaying
  period of time, the quotes will be automatically canceled if (i) the underlying spot changes; or (ii) the
  quotes are at best bid/best offer.
SOMM UI in Active Mode (i) will change quote reply when spot price changed; (ii) can
  re-configureto check if a bid price is higher than a market offer and vice versa; and (iii) calculate
  Greeks/Risk parameters in real-time
Allow users to us Excel Spreadsheet to define and upate price grid
Risk control: (i) self cross trade alert; (ii) emergency bulk cancel function; (iii) checking of minimum
  trading board lot; (iv) order execution at better-filled price and (v) set credit limit
Multiple Instruments: APFA OAPI Solution supports all instruments traded on HKFE including Index
  Futures, Options, Stock Futures and Options
Access real-time market info and quote requests
Web and SSL enabled
   
 
     
 STOCK TRADING SOLUTION
 WARRANT MARKET MAKING
 SOLUTION
OPTION TRADING &
MARKET MAKING SOLUTION
 
 
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