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  WARRANT MARKET MAKING SYSTEM
     
     
  WMMS is a comprehensive solution catered for issuers, liquidity providers and investors to conduct derivative warrants trading. The solution offers real-time data delivery capability, complete order execution and management functionalities. As at the date of publication, over 19% of derivative warrants issued in Hong Kong have been made market through our infrastructure, and 22% of liquidity providers have deployed our WMMS.  
     
   
     
  KEY FEATURES  
     
  Using WMMS, issuers can define pricing models and bid/offer trigger points of warrants issued. Based on corresponding pricing models and in response to market movement, the application will trigger bid/offer orders. For users other than issuers, UI for WMMS can be configured to execute different program trading strategies. Addressing security requirements, WMMS allows users to set a price limit and alert for each warrant; define and block error trade, and cancel outstanding orders in case of emergency.  
     
 
User ID and password authentication
Pricing Grids, the Matrix, in spreadsheet format for defining market making parameters
Update and import pricing grids
Enable auto market making
Manual Control: (i) Cancel Bid; (ii) Hit Bid; (iii) Lift Offer; (iv) Cancel Offer; (v) Hit w/Hdg; (vii) Lift w/Hdg;
  (viii) Buy Stock; (ix) Sell Stock; (x) Cancel Buy; and (xi) Cancel Sell
Place Order
Monitor latest buy/sell activities with brokers on Broker Alert List
Add/Edit Broker Alert List
Add/Edit Warrant Details, including (i) Warrant Code, (ii) Underlying; (iii) Strike; (iv) Expiry Date;
  (v) Call/Put type; (vi) Ratio; (vii) Broker; and (viii) Issuer
Update data in relation to the numbers and percentage of all outstanding warrants in the market
Setting of program logics including:
 
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Allow HitBid/LiftOffer Over 3000 Lots
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Enable Matrix Bid as Min
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Enable Next Offer as Max
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Enable Matrix Bid as Max
Hedging summary listing number of underlying hedged/to be hedged and number of index futures
Error Message Log
Personalization of Market Window by changing color, typeface, font size and column order
Addressing the needs of liquidity providers, the solution comes with System Admin., a monitoring tool allows
  system administrator to define setting of the system and a LP Terminal for order management
   
 
     
 STOCK TRADING SOLUTION
 WARRANT MARKET MAKING
 SOLUTION
OPTION TRADING &
MARKET MAKING SOLUTION
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