eLiSA – Electronic Liquidity Searching Application
eLiSA is the first and only fixed income execution system that has a uniquely fixed income workflow. It closely integrates the workflows of Portfolio Managers and Traders. The system offers multiple execution options, including High-Touch, Hybrid-Touch and Automated trading. Also offered are automated liquidity seeking, smart order negotiation & routing, price- and market making functionalities.
Aggregation of data and liquidity are natural parts of eLiSA. It provides traders with liquidity heat maps and offers a liquidity driven trading tool.
The strength of eLiSA is derived from a balanced combination of analysis, autonomous liquidity seeking & negotiations and reliance on trader to navigate this landscape. Supported by a rich set of order types, eLiSA can accommodate any imaginable liquidity sourcing needs of a Trader / Portfolio Manager.
ANALYSIS
Pre-Trade Analysis
Data aggregation
Dissecting of historic data
Visualise historic Axe, IOI, RFQ and other data
Trade history analysis
Realtime Fair-value analysis
During-Trade Analysis
Portfolio Slippage Decomposition
Liquidity heat maps
Execution trends
Broker analysis & Scoring
Broker recommendation
Realtime probability of fill
Optimal execution parameter recommendation
Post-Trade Analysis
Execution Analysis
Compliance / Audit
ORDER TYPES
Single order
Portfolio
List
Substitutes
Synthetics
ETF Market Making
Price Making
Market Making
Custom Order Types
EXECUTION METHODS
High Touch
Hybrid Touch
Full-Automation
Auto-Quoting
SONR – Smart Order Negotiation and Routing
Automated Liquidity Seeking