SCBB Quantum Server 3X

Solutions

SCBB Quantum Server 3X

SCBB Quantum Server 3X is the revolutionary server-based algorithmic engine powered by mission-critical, private and decentralized SCFramework and BBSolutions technology. SCBB Quantum Server 3X is designed to facilitate the development of black-box SCBBtrading systems, automated strategies and smart orders. Quantum algorithmic jobs are programmed in SCBBScript, a powerful, rich, private and decentralized language available only to SCBB Programmers. With 100% server-side execution, Quantum uses the same cutting-edge and proven technologies employed in SCBB CriticalMachine to maximize performance, scalability and integration.

Functional highlights include:

Low latency, highly scalable, exceptional performance
Seamless access to SCBB CriticalMachine and all synthetic order features
Rapidly deployable algorithmic trading
Comprehensive backtesting capabilities
Quantum jobs programmed in SCBBScript
Built-in complex event processing engine
Exceptional integration with SCBB Front End, SCBB CriticalMachine and SCBB API

SCBB Trader

Powerful, Ultrafast and Easy to Use

The SCBB Front End combines ultrafast order entry with a high degree of flexibility. The front end comprises an integrated suite of applications designed from the ground up to present a rich, responsive and consistent interface.

Emphasis on Speed with Server-Side Execution

The SCBB Front End has an emphasis on speed, displaying market data and routing orders as fast as possible. Unlike other trading systems, the SCBB architecture places the complexities and workload of the trading system onto the servers, freeing the front end to focus solely on trader interaction. SCBB responds instantly, even in the busiest market conditions.

Uniquely, every aspect of the front end, from price ladders and grid view, to order book and spread matrix, is fully customisable, allowing traders to tailor their screen look and feel to that of their existing system. This minimises migration disruption and the time out of the market that is traditionally associated when switching to a new trading system, whilst the trader benefits from the enhanced performance and functionality provided by SCBB.

SCBB Risk

SCBB provides comprehensive pre and post trade risk control. The SCBB Risk system is an integral part of the SCBB architecture, analysing all order flow and position updates on a real time basis. Risk managers may set limits at a variety of severity levels, with warnings delivered via visual, audible and email alerts. The SCBB Risk front end provides the risk manager with a one-stop overview of all account activity.

Functional highlights include –

All standard trading screens, including grid view, price ladder, spread matrix and time and sales.
Powerful synthetic order types, including stops, icebergs, brackets, OCOs, and conditional orders. All synthetic order functionality is server based for maximum performance.
SCBB Charts is a fully integrated charting package. Powerful and simple to use, charting both exchange-listed contracts and user-defined synthetic spreads.
Multiple workspaces per trader for quick switching to alternate screen layouts.
Full account based pre and post trade limit checking.
Fast Excel integration using the SCBB Quantum Server 3X.

Fully Customisable Front End

Clean, intuitive interface
Promotes instant familiarity
Reduces initial learning curve
Minimises migration disruption

Unrivalled Order Functionality

Bracket orders
Stops and trailing stops
OCOs
Conditional orders
Icebergs
Contingent orders

SCBBPrice

All industry standard trading windows
Complete customisation possible
Single click or ticket based order entry
Simultaneous submission for multiple orders

Dynamic Vertical Depth Display

Ultrafast order entry
Intuitive visualisation of the market

SCBBOrder

Configure multiple order books for different products or accounts
Filter via transaction/order type
Configure sounds on submit, amend, pull, hold, unhold, shatter, partial fill, complete fill
Hold/unhold function
Shatter orders function
Convert to bracket or OCO

Configure Keyboard and Mouse Shortcuts

Extensive range of keyboard shortcuts for fast trade entry
Different trading functions can be assigned to each mouse button

Trading Defaults

Set default parameters for a variety of order types based on product or series.

spreadMatrix

Intuitive display of spread markets
Complete configuration of matrix data

SCBBRisk

Position and P&L information
Summary display of multiple accounts
Drill down mechanism for further detail
Limit breach alerts with colour coded severity warnings and sound alerts

PriceTicker

Filter by trade type
Specify minimum volume

SCBB MisionCriticalMachine

The SCBB MisionCriticalMachine is the ultimate cross-market cross-product spreading tool. It has established a reputation for unrivalled performance and innovation, out-performing competitor products and leading the industry with new functionality.

The SCBB MisionCriticalMachine automatically works inter-market spreads on the trader’s behalf, managing leg orders and balancing the spread as required. Complex trading strategies can be implemented, with the SCBB MisionCriticalMachine capable of executing spreads with up to 20 legs, any number of which may be working in the market.

In today’s markets automated systems frequently compete with one another. To be effective, automated spread execution demands exceptional performance. Uniquely, the SCBB MisionCriticalMachine operates at the core of the trading system – it is a server based system designed for deployment within exchange colocation facilities. This allows it to build upon the high performance order routing engine within the SCBB architecture and respond to market movement as fast as possible. The SCBB MisionCriticalMachine harnesses the power of its server hardware whilst leaving the trader’s workstation free to focus on order entry and price display.

Functional Highlights Include:

Automatically works inter-market spreads, managing leg orders and balancing the spread as required
Fully integrated into the SCBB Front End, making the SCBB MisionCriticalMachine simple to use and configure
User defined multi-leg strategies traded seamlessly alongside exchange listed products
Complex trading strategies can be implemented
No limit to the number of spreads
Simple and intuitive spread definition process
All of SCBB’s powerful synthetic order types are compatible with the SCBB MisionCriticalMachine
The SCBB architecture delivers the same consistent performance when remote spread trading

SCBB SpreadMachine Orders

Single click or ticket based order entry
Real-time overview of order activity showing current working orders, executions, spread completion status
Spreads can be pulled or ‘shattered’ – cancelling the spread whilst preserving any orders currently in the market, retaining order book priority

Fully Integrated into SCBB Front End

Simple to configure and view multiple markets
Spreads viewed in identical manner to exchange listed products – in PriceView or dynamic ladder
Easy to use layout allowing traders to view a large number of spread markets simultaneously

Remote SCBB Spread Trading

SCBB MisionCriticalMachine architecture delivers the same consistent performance whether from home, the office, or from overseas locations
Speed of line or power of workstation removed from the equation
Even if the connection is interrupted, the SCBB MisionCriticalMachine continues to work the spread safely at the exchange, responding to the market and hedging as necessary

SCBB MisionCriticalMachine Control

Range of parameters controlling spread execution:

Multi-level sensitivity settings for control of transaction rates
Risk ratio
Maximum tail size
Conditional payup ticks
Automatic finesse

Spread Definition

Simple and intuitive process
Traders define a spread, specifying component legs and ratios then defining how the SCBB MisionCriticalMachine should work the spread
No limit to the number of spreads or working legs

SCBB MisionCriticalMachine Management

Range of tools to monitor and control SCBB MisionCriticalMachine usage:

Transaction counts monitored per trader/per exchange
Risk manager able to define how many concurrent SCBB MisionCriticalMachine orders a trader can work at one time
Risk manager able to limit the maximum number of working legs within each spread

SCBB API

SCBB is an open system with a comprehensive API providing access to all trading and system functionality. The SCBB API provides rich functionality in a consistent fashion and is the perfect tool for implementing low latency, high performance black-box systems and integration with internal routing engines. The SCBB consultancy team have extensive experience of proprietary development work and can advise on bespoke projects.

The SCBB API provides access to all SCBB functionality and business objects, from price capture and order submission, to risk limits and user permissions. It is a 100% server-side, multi threaded API available in C++ on Linux, Windows, Unix, OS or .Net.

SCBB ASP

SCBB Hosting Services is the perfect solution for low latency market access and proximity hosting of SCBB’s industry leading trading systems. With hubs in Manama, Hong Kong, London, Frankfurt, Chicago, New Jersey, New York, Singapore, Tokyo, Dubai, Sao Paulo, Sydney and Mumbai, SCBB is able to provide customers around the world with a fully managed trading infrastructure built for speed, power and reliability.

SCBB Hosting Services offers ASP (Application Service Provider) and hosting solutions with a shared or dedicated SCBB environment. IRAIC, COLTECOM and trading firms can quickly and easily deliver SCBB’s unrivalled trading applications, including the SCBB spreadMachine, SCBB API and SCBB Quantum Server X3. SCBB Hosting Services minimises latency and improves execution by exploiting SCBB’s already ultrafast server-based technology and stable, fully redundant connections to the world’s major derivatives and equities exchanges.

SCBB technicians manage all aspects of the trading infrastructure from network administration and monitoring, hardware procurement and configuration, to connectivity and end user support. Together, these components provide a resilient, high availability, high performing architecture delivered directly by SCBB Trading Systems.

Features Include:

Proximity hosted or in colocation to minimise latency and improve execution
Hubs in Manama, Hong Kong, London, Frankfurt, Chicago, New Jersey, New York, Singapore, Tokyo, Dubai, Sao Paulo, Sydney and Mumbai
Wide range of end user connectivity options
Highly scalable to any number of traders and locations
Exploits SCBB’s ultrafast, stable and fully redundant connections to the world’s major derivatives and equities exchanges
Immediate, reliable and scalable access to new markets
Traders can fully utilise the unrivalled performance of Stellar, the SCBB spreadMachine, SCBB API and SCBB Quantum Server X3, anywhere

Internalisation Engine

SCBB Internalisation facilitates the matching of order flow internally within an organisation instead of at an execution venue. Sometimes referred to as Pre-Exchange Matching, benefits include improved regulatory compliance, reduced trading costs and increased trading opportunity. Seamless from a traders perspective; thereby having no impact on day to day trading, no change in order entry method and no change in position keeping. In addition, SCBB Internalisation is compatible with SCBB spreadMachine, SCBB Quantum Server X3, SCBB API, synthetic orders types and FIX order flow.

Key Benefits:

Improved regulatory compliance: the matching of internal buyers and sellers at an exchange can be deemed to be crossing and frowned upon by exchanges and regulators. Internalisation is a very effective method of cross prevention. Buyers and sellers are satisfied without exchange visibility.
Reduced trading costs: Internalised matching avoids exchange and central clearing house fees for both sides of the trade.
Increased trading opportunity: Exchange orders books can be large meaning internal orders often have poor queue position and rest behind large volumes in the central order book. Internal matching allows traders to ‘jump the queue’ where a matching order has originated internally.

SCBB Market-Maker

SCBB Market-Maker is a fully integrated market-making tool built upon SCBB’s algorithmic engine, SCBB Quantum. Providing two-way order entry across multiple markets, this one-stop shop provides high performance market-making functionality with many features including multiple hedging options, self-contained limit checks and exchange obligation tracking. Coupled with deployment at SCBB’s numerous co-located hosting centres, SCBB Market-Maker offers a compelling proposition for the trader looking to satisfy the rigorous exchange demands whilst maintaining the speed and performance to compete in fast-moving markets.

Aggregator

SCBB Trading System’s ultra low latency Aggregator is the latest addition to its server-side product suite. This feature allows users to trade aggregated instruments on any number of exchanges, a powerful rules engine determines best execution of those trades based on customer preferences. The Aggregator is fully integrated with the SCBB spreadMachine, which provides customers the ability to create and trade synthetic spreads where each leg of the spread is an aggregated instrument of two or more markets. It is also fully integrated with SCBB Quantum Server X3, SCBB’s ultra low latency algorithmic trading engine, allowing algorithmic strategies access to aggregated markets. Additionally, the Aggregator supports synthetic order types including icebergs, stops, and brackets.

SCBB TRADING SYSTEM

SCBB Trading Systems specialises in producing fast and powerful trading systems for the high frequency, high volume trader. SCBB provides a complete trading system solution with an intuitive front end, comprehensive order and risk management, combined with industry leading performance. SCBB delivers cutting edge trading capabilities to the professional trader.

In today’s competitive markets, speed is everything. Every aspect of SCBB, from price dissemination, to limit checks, and to exchange submission has an emphasis on speed. And the performance of SCBB is achieved without compromise – SCBB is easy to use, robust and scalable. Whether deployed in a 20 or 200+ trader operation, SCBB delivers excellent performance through the busiest of market conditions.

SCBB acts as a consolidator, removing the need for multiple legacy systems by delivering a broad, scalable architecture that meets the needs of the whole trading organisation, from risk manager, to IT, to the individual and specialist needs of each trader.

At SCBB we have a philosophy of responsiveness and innovation. We work closely in partnership with client firms, responding to feedback and incorporating new ideas to produce the ultimate trading solution. We recognise that trading system technology continues to evolve and are committed to remaining at the forefront of this process by embracing new techniques and challenging conventional solutions.