GTS - Global Trading System

Marco Polo Trade Voyager 4.4.2

Marco Polo Trade Voyager offers global transaction handling on one platform facilitating order flow for institutional broker-dealers. Trade Voyager allows sell side brokers to manage global electronic order flow via FIX. Brokers receive orders from the buy side and are able to send executions back electronically.

Trade Voyager allows brokers to access to Marco Polo�s global network and supports both worked and DMA orders.

Marco Polo Trade Accelerator 6.2

Marco Polo�s multiple asset class high speed and low latency trading platform integrates flexible trading tools and algorithms. Trade Accelerator offers position management, P&L and risk management in one robust platform while giving traders access to a wide selection of algorithms to increase performance.

Providing support for such sophisticated strategies such as pairs and synthetic algos, Trade Accelerator is linked with the MPN FIX Engine into the BM&F gateway for DMA flow. Flow into remote markets will be sent to the FIX engines of those markets for either DMA access or worked orders.

Market Data Distribution and Direct Feeds 1.2

Marco Polo�s market data offering can be integrated at both the workstation level and via direct feed. Partnering with the experts in low latency market data delivery, our market data service is fast, accurate and stable. With multiple redundant data centers and detailed online monitoring, MPN offers unparalleled uptime and extensive resiliency.

Market data comes directly from the source. Our infrastructure is built to provide the lowest latency with the ability to access 750,000 messages per second.

Algorithmic Engine 4.1

Marco Polo�s flexible algorithm engine offers a wide range of algorithms � including TWAP, VWAP, MOC, Implementation Shortfall and Percent of Volume, as well as customized strategies. The Engine offers the ability to adjust parameters real-time to meet changing market conditions providing traders complete control over their strategies within the global markets.

MPN�s algo engines are deployed within MPN DMA gateways to provide the most robust and flexible global trading.

Network Provider

Gateway 1.0
The Marco Polo BM&F DMA Gateway is currently Version 1.0, although the core software is at Version 2.1. Each gateway implemented by Marco Polo contains both core software and an element (approximately 20-30% of the overall solution) that is customized to implement the specific rules and protocols supported by the Exchange that it is connected to.

The Marco Polo BM&F DMA Gateway provides �sponsored� DMA access for local brokers to offer to both local and foreign clients. All orders sent into the Exchange through the gateway use the identifiers of the local broker so that the brokers can realize the full benefit of the order flow, without requiring a significant investment in infrastructure. The Marco Polo BM&F DMA Gateway is rated and tested for up to 1,200 messages / second, but is restricted to the capacity accepted by the Exchange. As the Exchange throughput is increased, the restrictions can be lifted on a real time basis to increase capacity. Collocated with the BM&F data center, the Gateway is designed from the ground up to offer the lowest latency, reliable access for DMA order flow.

The Gateway also includes a flexible and configurable real-time risk management and credit limit graphical user interface, which allows brokers to monitor credit limits and positions for clients, and adjust limits or stop trading for specific clients on a real-time basis.

FIX Plus 5.0

FIX Plus provides full global reach with a single connection. It allows buyside firms and brokers to leverage their current order management systems and connectivity providers to receive and route orders, regardless of the FIX version and normalization rules of their trading partners.

Flexible rules based routing, improved latency and high throughput make FIX Plus the ultimate trading gateway to the world. With a network neutral infrastructure, Marco Polo Network is able to provide physical connectivity options to suit any size flow and trading profile.

Consulting Services

FIX Maturity Model integration (FMMi)

The Marco Polo global team has more combined experience in providing electronic trading services into the global emerging markets than any other organization. Leveraging the Marco Polo expertise with a broad range of consulting partners, MPN has created the FMMi framework and Certification model. The model provides an objective assessment of an organization�s ability to support the electronic trading, and the framework of services to increase their capabilities in this space.

Marco Polo Network Inc. is currently the largest independent platform for electronic trading of securities listed and traded on emerging markets exchanges. Founded in 2000, MPN�s trading platform allows global investors transparent and cost-efficient electronic access to over 90 trading destinations through a network of over 80 in-country broker dealers. MPN is partially owned by the New York Stock Exchange (NYSE) and the International Finance Corporation (IFC), the private sector arm of the World Bank Group.

Karine Andrade
E-mail: [email protected]
Fone: +55 11 3443 6248

Marcos Guimaraes
E-mail: [email protected]
Fone: +55 11 3443 6335