FinTech company Dash Financial, which provides execution solutions to the US options and equities markets, announced today the launch of the latest addition to its flagship DASH360 solution, DROP360, in a bid to enhance the transparency suite of services, according to an official company press release.
Launched earlier this year, DASH360 is a real-time dashboard that helps visualize every aspect of the router’s behavior which allows the trader to immediately get feedback on the specific nuances that affect his own performance and make better decisions surrounding router configuration or algorithm selection in different circumstances. The web-delivered HTML5 dashboard features a groundbreaking order visualizer that uses animation to visualize order routing decisions and the resulting best execution performance.
According to the company announcement, the launch of DROP360 is aimed at offering an enhanced and real-time drop-copy facility delivering instantaneous transparency into the complete order routing behavior, execution behavior, costs and performance in machine readable format utilizing FIX protocol.
Launched in 2011, with offices in New York, Chicago and San Francisco, Dash Financial provides elegant and transparent solutions that empower institutions to achieve their goals when seeking liquidity in the US options and equity markets.
Historically, cost of trading has been one of the principle parameters when deciding where to execute trades, so having the choice means traders can have more control over their trading strategies. The new dashboard gives immediate feedback on each and every cost associated with orders, as well as how the product fared in the pursuit of the liquidity. All of this data gives management and stakeholders complete transparency into best execution.
Speaking about the new launch, David Karat, co-founder and CMO at Dash Financial, said: “Our clients have continuously benefited from having visibility into the significant work our algos and routers do on their behalf. Clients also have a full understanding of what the results were and why via our Dash360 portal.”
“DROP360 provides us with the ability to furnish clients with this depth of transparency via FIX drop-copy,” he added.
”Whether it’s consumed for in-house best execution analysis, compliance or storage, we are continuously striving to advance the transparency available to the institutional buy-side community and DROP360 is the latest advancement by Dash in this field,” commented Peter Maragos, co-founder and CEO of Dash.
”We lead the field in transparency and when you merge that with a highly customizable routing architecture you have a powerful agency solution delivering performance from the client’s point of view,” concluded Maragos.