WORKFLOW USE CASE
Multi-Broker Order Splitting
Everysk’s automations significantly reduce back-office complexities, enabling hedge funds to efficiently manage multiple prime brokers with allocation logic, configurations, and preferences centralized all in one streamlined interface.
Streamline Trading Through Automated Order Splitting & Allocation
Managing multiple Prime Brokers presents operational challenges as funds must navigate complex allocation logic, fund structures, and various broker attributes, all in real-time. Counterparty monitoring, portfolio aggregation, and reconciliation processes add pressure to operational systems and teams. These complexities increase the likelihood of trade booking and allocation errors, especially in the back office, where manual processes can lead to inefficiencies and costly mistakes.
Everysk’s no-code automations simplify back office trading workflows. By using configurable logic, operational teams can manage account IDs, OMS integration details, and broker allocation preferences, all from one centralized platform. Everysk’s intelligent workflows distribute orders across multiple accounts and brokers and stage them directly to any OMS. The structured workflow below outlines each automated step, eliminating operational risks and manual burdens.
Explore the possibilities of this workflow below.
Comprehensive Review
Trade Order Splitting Workflow
Asset managers utilize Everysk’s automated workflows to streamline multi-broker order splitting by allocating trades between brokers for greater cost efficiency and operational effectiveness. Keep reading to see all the robots that power the workflow.
Starter
The workflow can be triggered by receiving data via email, SFTP or API. This process can be done as a pre-staging process before orders go to your OMS, or streamed from a live order blotter and remarked in real time.
Order Parser
Extracts the essential order information from the input data. Orders can be stored in the system to analyze over time, or passed through the workflow transiently for privacy.
Metadata Retriever
Pulls a metadata table that maps funds to the necessary broker accounts and OMS IDs as well as the allocation percentages that determine how much of each order should be sent to different brokers.
Order Splitter
Takes the order data and the metadata to prepare the orders that go to the OMS, and effectively splits them between brokers.
Order Stager
Connects with the OMS and stages multiple orders with the specified split between brokers.
MS Teams Alert
Microsoft Teams alert confirming the order has been staged or remarked. Can also surface errors or exceptions as they arise or set conditions on when clients would receive alerts.
Key Workflow Benefits
Connect Internal Platforms
Seamlessly connect your OMS, Brokers, and other platforms through Everysk workflows to eliminate operational risk and optimize your trading flow.
Configurable Allocation Logic
Users implement custom schemas to allocate orders based on their specific broker requirements.
Streamlined Trading
Automate the complex and manual processes of order splitting and broker allocation, allowing your team to focus on more high impact investment decisions.
