On Monday, the International Securities Exchange Holdings, Inc. (ISE Holdings) announced the launch of “done-away” order management in PrecISE Trade?, ISE and ISE Gemini’s front-end order and execution management system.
Through ‘done-away’ order management,it provides ISE and ISE Gemini members with fully consolidated order and execution management, regardless of execution method or destination. This free enhancement is the latest addition to PrecISE Trade’s suite of OMS features for PrecISE users. ?
Jeanine Hightower, Business Development Officer, said in a press release,?”Over the past year, we have worked to expand PrecISE from a leading execution management tool to a comprehensive order management system. The new ‘done-away’ feature enhances PrecISE’s OMS capabilities and offers consolidated order management in a single, user-friendly and cost-efficient platform.”
The new ‘done-away’ functionality is just one of many PrecISE enhancements:
- Parent/Child Orders: PrecISE allows staging of larger orders with the ability to divide a single order into smaller orders (parent/child) for more controlled order management and execution.? PrecISE users also have the ability to alter the Parent order of an open Parent/Child order.
- PrecISE to PrecISE Order Routing: Traders benefit from order management features such as the ability to route orders from PrecISE user to PrecISE user for execution. Trades are then automatically reported back to the originating PrecISE user.
- Quick Alterations:? Modify order price and quantity via quick alteration window directly in the ‘Order Status’ window for increased efficiency.
- Order Ticket Enhancement: The order ticket will now retain order details and remain open if an order is rejected.? This allows the user to quickly resend rather than creating a new order.