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Order Management

The Order Management module of Koala.Markets serves as the backbone of a cutting-edge technical platform, empowering financial institutions to deliver seamless and scalable brokerage services to their clients. This module is an integral part of the platform’s architecture, enabling efficient and precise execution of securities transactions—from order placement to final settlement.

Seamless Integration and Scalability

Koala.Markets’ Order Management is fully integrated with other core modules such as the Securities Deposit module and Money Management . This tight-knit system ensures smooth execution of all trading operations and allows institutions to easily accommodate specific requirements, such as integrating new trading venues or supporting additional order types.

Comprehensive Functionality

The module supports a broad range of order types and delivers advanced features like real- time order capture, intelligent order routing, and robust order book management. Built-in compliance checks and risk controls guarantee that all transactions meet the highest regulatory standards, ensuring both security and adherence to global and local regulations.

Key Components of the Order Management Module:

Intelligent Order Management

  • Automatic Portfolio Detection: Identifies existing portfolio holdings and suggests tailored buy or sell options, enhancing usability and minimizing errors
  • Integrated Account Verification: Monitors available trading balances in real-time to ensure seamless liquidity management.
  • Limit Control: Proactively prevents transactions that exceed available balances, protecting institutions and clients from unintended overdrafts.

Trading Venues and Market Connectivity

  • ICF Integration: Connection to the German market maker ICF (Düsseldorf Stock Exchange Quotrix) ensures optimal liquidity and price discovery
  • OTC Access via Allfunds: The largest OTC marketplace for investment funds provides access to a wide range of fund offerings.
  • Scalable Expansion: Additional trading venues can be integrated on demand to meet specific institutional requirements.

Supported Asset Classes

  • Equities: Domestic and international stock trading.
  • ETFs: Access to a wide array of Exchange Traded Funds for diversified investment strategies.
  • Investment Funds: Comprehensive selection of actively managed funds.

Core Features

  • Real-Time Order Processing: Ensures rapid execution with minimal latency.
  • Intelligent Routing: Automatically directs orders to the best available trading venues.
  • Robust Order Book Management: Provides institutions with detailed insights into active and executed orders.
  • Advanced Execution Algorithms: Optimizes order execution for best pricing and minimized market impact.
  • Risk Management and Compliance: Automatically verifies adherence to regulatory and internal guidelines.
  • Transparency via Audit Trail: Complete documentation of all transactions supports regulatory compliance.

Supported Order Types

The module enables diverse trading strategies with:

  • Market Orders: Immediate execution at the best available market price.
  • Limit Orders: Precise price control for cost-sensitive clients.
  • Stop Orders: Automatic execution upon reaching a defined price level.
  • Stop-Limit Orders: Combines risk control with optimized price execution.
  • Fractional Orders: Democratizes access to high-value securities by enabling fractional ownership.

Time-in-Force Options

  • IOC (Immediate or Cancel): Immediate execution or cancellation.
  • FOK (Fill or Kill): Complete execution or cancellation.
  • GTD (Good Till Date): Valid until a specified date.
  • Today: Valid only for the current trading day.

Explore Advanced Features

Advanced features like Block Orders and Fractional Orders can be further explored on their respective module pages. Learn more about the Block Orders module or Fractional Orders module .

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