AlphaTrader Environment

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AlphaTrader Environment

Professional leading edge technology to amplify your alpha



More than just a platform, AlphaTrader is an entire trading environment

AlphaTrader

: real time trading platform running server side preferably

AlphaTrader Client

: thin client to run on local desktop

AlphaMonitoring

: support / monitoring server side application

AlphaSearch

: backtesting environment (coming soon)

Alpha API

: Develop your own indicators, tactics and strategies

Excel RTD API

: Connect your Excel Spreadsheets to AlphaTrader

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AlphaTrader

Professional leading edge technology to amplify your alpha



Leverage your manual/fully automated and semi-automated trading

Multi-Connectivity: multi-brokers/multi-accounts

Gather a large scope of market data to help your trading decisions

Control and improve your execution

Lower your Transaction Costs

Run indicators, tactics and strategies

Integrate your own tactics, strategies and indicators into the platform

Monitor your algo trading operations with AlphaTrader Client and Alpha

Monitoring.

Risk manager: control your financial and operational risk

Easily get assistance and support/ direct connection with our team to

get assistance and support

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

Ultra-fast executions and Direct Market Access oriented



Lower your transaction costs thanks to innovative execution algorithms.



Transaction Cost Analysis (TCA) providing transparency on all your executions.



Industrial Automated and Algorithmic trading functionalities, including Visual Studio C# for development



Semi-automated built in platform with approval blotter



Trade in position centric (MT5, MC, NT like) and trade centric (MT4 like)



One-click trading on charts and DOM, ideal for manual traders



Fully-configurable and opened to tailor-made add-ons



Multi Clients / Server architecture with AlphaTrader Thin client



FIX connectivity for optimal stability and resilience



platform strengths

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Average roundtrip latency of 5-10 ms(Gravelines to LMAX). Therefore, 15 to 40 times fasterthan LMAX MT4 and more than 80-160 times faster than MT4 with a classical broker.

Average slippage of 0.05 pips on 180 trades markets with LMAX whereas 0.46 pips with ECNs involving the same conditions.

Average of 1.1 pip slippage in favor of traders, on limit orders EURSEK. Cf Annex.

Save between 11% and 100% of commissions compared with LMAX MT4. Plus, in some case, possibility of free executions, spread included, due to the internal matching engine.

One click trading, instantaneous execution via charts, order book or scalpers.

Today, algorithms running via AlphaTraderhave under management several millions of dollars( hedge fund/asset management)

In may 2014, 9 billions of dollars have been executed via AlphaTrader.

One of our Hedge fund client is running 500 strategies simultaneouslyon AlphaTrader.

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

Multi-Assets platform



AlphaTrader is a fully multi-assets trading platform and allows to trade:



Forex



CFDs



Futures



Stocks



ETF

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

Connection to trading venues, brokers, banks and third party data providers.



New connectors can be added on demand.



Clients with their own PB can access all major institutional Fx Venues and Banks.



API and FIX connectivity for more stability and resilience.



Connectors

Up to date information on:

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

Connection to real market data feeds but simulation of the trade execution.



Allows to test strategies and manual trading against real data feed.



No need of broker demo / paper trading account.

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

Multi-Connectivity



Multi-Brokers

From a single workspace, manage simultaneously accounts and multi-brokers connectivity.

This feature offers the option to connect to multiple brokers according to the type of market targeted. Therefore, trades will be directed towards:

One/or multiple broker(s) One/or multiple market(s)

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

Multi-accounts



Managing several accounts within the same broker

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

Prime Brokerage set up



Connect AlphaTrader to your Prime Broker account and to your Liquidity Providers.



Possibility to connect to all Fx Venues and Banks for clients having a Prime Broker.

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

Aggregation/multi-brokers

(coming soon)



The

Aggregation

engine makes possible to gather all the market data feed (coming from diverse brokers) and the

Smart Order Router

engine directs order to the best prices.



Trade (buy/sell) at the best price.

E.g.

Bid

Ask

Broker B

Broker C

Broker A

Broker C

Broker B

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

Arbitrage/multi-brokers - assets



Multi-Brokers and Multi-Assets mode makes possible to

arbitrage opportunities

as soon as they appear.

E.g. CFD vs Future

/

CFD broker A vs CFD broker B

/

FOREX broker A vs FOREX broker B



For optimal speed. your arbitrage strategies can be automated in AlphaTrader.



Trade price inefficiencies as they appear

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

AlphaTrader gathers all the data you need to make your trading decisions.



Direct connection to Broker/Venue data or through third party provider.



Market data real time and historical

•

Level 1 (bid/ask/bars)

•

Level 2 (book)

•

Time And Sales

•

News

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•

Level 1 data (bid/ask)



Spot market trends in a glimpse

Chart



All timeframe available. From tick

charts to bar of ticks, seconds,

minutes, hours, etc.



Including visualization of built-in

or custom made technical

indicators

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

Bid and ask price



Bid and ask size



Spread



Depth of Market

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•

Level 2 data



Follow and interact on the price discovery



Order depth visible (up to 20 for LMAX)



Last trade price (yellow cell)



Your position average price (blue cell)

Order book / Depth Of Market

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Time and sales

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News



The tool provides economical and political news impacting the market and gives alerts.

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

Trade entry



Trade execution



Trade/Position management



Post trade/reporting



Trading with AlphaTrader

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

Position scalper

(position-centric mode)

.



One click trading

Buy/sell positions

- Define buy/sell limits

- Define sell stop/buy stop



Ergonomics designs fully-configurable to facilitate

active trading (i.e. scalping)



TRADE ENTRY

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

Trade scalper

(trade-centric mode)

Buy/sell positions

Define buy/sell limits

Define sell/buy stops

One click

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

Trade centric vs Position centric

Position centric mode (used in MT5, MultiCharts, NinjaTrader,etc)

Position centric focuses on global position instead of number of trades. A position trade has reached the end of its life cycle once filled. We can not close a filled position centric trade.

e.g.

You have a position of 4 EURUSD lots which has been created by 3 trades(buy) of 2 lots and 1 trade (sell) of 2 lots.

 The strength of position centric approach is to lower transaction costs and swapby netting individual trades position.

Trade centric mode (used in MT4)

Whereas, trade centric involves trades which follow a life cycle after their initial fill. A trade centric filled, need to be closed. e.g.

1 trade(buy) of 2 lots, once executed, remains in the blotter with its own PnL. The trade will end its life cycle via a direct close operation, stop loss or take profit.

 The advantage of Trade Centric platform is to allow"hedging“(being long /short in same time) and consequently all kind or combinations of trading strategies such as grid trading.

 With AlphaTrader internal engine, you can also lower transaction costs and swaps in trade centric mode.



AlphaTrader allows both modes of trading!

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

Apply

tactics

to your trades to automate entries

and/or exits.



Sample of possible tactics:



Tailor mode trailing stops



Specific hedging



Sniping



Pegging/Layering



Entry fragmentation



From trade scalper (SEMI-AUTOMATED)



Tactics: Embed custom-made algos to your trades

- Leverage and assist manual traders with algos

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

Position centric

limit and stop orders



Left click

Send your trade



Right click

Cancel your trade



Blue cell

Visualize your position at a glance

One click

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

Trade through a visual interface, including configurable tools which deliver meaningful content, helping your

decision making



Charts

 One- Click Buy/sell

 Add indicators and tactics

 Zoom +/- time/price

 Right click: Open stop/ limit

 +++ timeframes customizable without limit

Ticks/second/minute/hour/day

 “Rule tool”, left click and drag = Pips measure/ pnl

 Drag to modify limits / stops / stop loss and take profit

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

Internal Matching



Internally match hedged sub position to save transaction costs



Block Merge



Merge trades before sending to execution to faster execution



Innovative internal matching engine to save costs and fasten execution

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 Due to AlphaTrader hybrid functioning mode (trade/position centric) and thanks to the independence of Alpha Novae towards brokers, we were able to add an internal matching engine inside AlphaTrader. A functionality generally available only on the broker side… as it generates them an extra income flow.

 This process allows some of your trades (sub position hedged) to be instantaneously executed within AlphaTrader, without sending anything to the broker. Therefore, it leads to save commissions and spreads.



Internal matching

INTERNAL MATCHING

NO INTERNAL MATCHING

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

Block Execution



The aim of block execution is to faster your execution by merging all your different trades to be sent to the broker in one single block.

Instead of filling one trade after the other, your block will be filled in one go

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Trade management



The tool displays each active trade. Therefore, you can check your trades statuses and PnL



Trade blotter

 One-click close trade(s)

 Click right and close some/all of your trades/partial close

 Trigger Internal Matching

 Click right and modify Limit and stop Take profit/stop loss

 Trade blotter includes the time of the trade, symbol, trade type (long or short),state (filled/close/part close),size, position, open price, limit price, stop price, stop loss, take profit, current price,commissions, owner ID,profit including open/entry commissions, comment, close.

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Position management



Including



Size



PnL (excluding commissions)

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

Post trade data/reporting



Trade history



Trades which have ended their life cycle

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

Execution history



Record of all the executions

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AlphaTrader algo bestiary



Indicators, Tactics and Strategies



Visualize

indicators

in chart and call indicators from strategies.



Embed

tactics

to trades. Tactics are algos placed inside a trade and piloting entries, exits, movement of stop loss and take

profit, etc. Tactics react to trade send events, market data change events and fill events. A tactic stops when the associated

trade ‘dies’. Sample of possible tactics:



Tailor made trailing stops



Specific hedging



Sniping



Pegging/Layering



Entry fragmentation



Strategies

are piloted through AlgoNaute (cf next slide). Strategies can call indicators and associate tactics to trade they

create.

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

Automated trading

 Based onEvent Programming, strategies can react to:

 Level 1 and Level 2 (book) data update. (Time And Sales events to come soon.)

 close of bars.

 numerous trade related events (fills, cancels, rejection, etc).

 session related events (connects/disconnects).

 news events .

 custom made timers.

 Strategies can work in a multi-timeframes , multi symbols and multi brokers environment.

 Modularity and openness:

 Strategies can also be used to create add-on in AlphaTrader:tailor made user interfaces, enrich charts with new functionalities, etc.

 Designed to facilitate operations on live trading, support, monitoring and investigation in case of issues.

 Performance and stability at core:

 A client is using successfully a set up with 550 strategies, each one using 3 timeframes, on 60 instruments and on 24h/24 basis since February 2014. Thousands of trades every day.

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

Launch and manage strategies



No need to attach a strategy to a chart (save your computing resources)



Coming soon: Algonaute as a local thin Client to AlphaTrader running Server side



Algonaute (automated trading interface)

 Visualize and monitor your running strategies via the strategy dashboard

 Start/Pause strategy in one click

 Visualise real time position and PnL

 For each strategy, get dedicated:

 Chart

 Blotter

 Trade history

 Logs

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

Semi-Automated trading



Built-in semi automated trader with approval blotter

 Strategies can create To Be Approved

trades.

 Trader can approve or reject trades from the approval blotter.

 Trader can associate tactics to trade to automate money management and

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Custom development tool



Use a professional leading code editor to develop your algos



Fully configurable and tailored add-ons to be developed thanks to our Alpha API

 Code and debug your indicators, strategies, tactics or add-ons.

 Use Microsoft Visual Studio C# to develop and debug your algorithms.

 Samples of indicators, tactics and strategies are available in the AlgoBox solution, installed with the platform.

 You can add your own indicators/tactics/strategies in MyAlgos project.

 Event driven programming.

 Server Alpha API library to connect third-party applications to AlphaTrader coming soon…

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

Excel RTD server



Connect Excel to AlphaTrader and give life to your spreadsheets

 RTD (Real Time Data) is extremely efficient and offers many advantages over deprecated DDE (Dynamic Data Exchange) technology.

 The AlphaTraderRTD Serverallows you to get access into Excel to real time market data, historical data and to the AlphaAPI trading actions such as order submission, fill information, positions, etc.

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

Deployment



Build and deploy DLLs containing your algos into your server



Build your project into DLLs with Visual Studio C#.



Deploy your DLLs by placing them into /AlgoBox directory.

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

Risk manager

Operational

and

financial

risks.



Prevent “fat finger” trades and block rogue algorithms.



Automatically spot and block orders which do not respect tolerance rules in term

of size, position, price, instrument, etc.



Order Frequency Circuit Breaker to protect your self from algos going crazy.



Psychological risk management to eliminate emotions by configuring daily profit

and loss limits.



Specific admin account to manage the risk limits of your employees or to force

yourself to respect the daily limits.

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

Position/Order Size Circuit Breaker



Order Frequency Circuit Breaker



Exposition Circuit Breaker



Daily Max Loss/Profit

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

Thin client application to run on local

desktop and securely connecting to

AlphaTrader.



Share AlphaTrader server access between

traders or between traders and support

operators.



Give you local access to:



AlgoNaute to start, pause, stop or

edit strategies.



Trade blotter to monitor, modify or

close open trades



Position blotter



Live Account information



AlphaTrader logs



Trade history



Execution History



Etc



AlphaTrader Client

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

Get an email alert if the platform is unresponsive.



Automatically grab server logs into your local desktop thanks to AlphaMonitoring client.



Automatically archive your old logs.



Possibility to write a monitoring strategy which will generate custom made html monitoring

report. And email or ftp it.



Alpha Monitoring

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 One log for the platform , one log per strategy and possibility to log all FIX messages in specific extra log file.

 Ease the investigation on strategy behaviour.

 Sub millisecond precision.

 Possibility to filter logs on user actions, information, warning and errors.

 Automatically archive your old logs.



Logging

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

Specify a list of close and restart sequences



For example:



Close daily at 10pm and restart the day

after at 7am



Close Friday at 10 pm and restart

Sunday at 8pm.



Get an email when the platform is closed or

restarted.



Scheduling

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

Help and support



Get in contact with Alpha Novae team

members regarding any support



Get updated through social websites

about releases and events

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

AlphaTrader Client V2



AlphaSearch Backtesting

environment



Connectivity to all Fx Venues



Enterprise infrastructure

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

Amplify your Alpha

More than a platform, a dedicated technology department to support

your business.



Tailor made developments: Strategies / Tactics / Indicators



From HFT algos to Massive Multi Strategies environment (more than 500 strategies)



Migrate your strategies from your old/retail platform to AlphaTrader when

professionalising your infrastructure.



Extend connectivity or upgrade to FIX institutional connectivity



Multi-brokers / accounts set-up for asset managers



Enterprise multi-users (traders, analysts, support, dev, etc) set-up



Execution consulting



Lower your transaction costs



Tailor made add-ons to ease your manual trading

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

Alpha In a Box

More than a platform, a dedicated technology department to support

your business.

Development + Deployment + Maintenance + Monitoring + Support



Bronze: AlphaTrader deployment and maintenance.



Silver: Training and second level support to your support and developer teams.



Gold: Full managed package: deployment / maintenance / monitoring and support.

•

Dedicated support team monitoring 24/7

•

In case of immediate attention, we are dedicated to quickly deliver solutions either on week days

or on weekends / bank holidays.

e.g. adding new functions on the platform, updating server, etc…

•

Possibility to add a connector on demand.

•

Evolution of the platform to follow your needs.

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Customer support

UK: +44 02082656416

Registered no: 07433000

64 Southwark Bridge Road

London

SE1 0AS

United Kingdom

Alpha Novae is a consulting company and technology provider specialized in systematic automated and algorithmic trading.

We provide technological solutions and tailor made developments for a broad range of clients, from serious individual traders to

institutional clients: systematic trading start-ups, asset managers and hedge funds.

Alpha Novae helps you to make the institutional leap forward

Automated trading development

Improve and optimize your execution

Minimize your transaction costs

Connect to any broker or venue (LMAX, IB,FIX, API…)

Consulting

Get an affordable IT department

For more information, visit www.alphanovae.com

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Trading any financial instruments carries substantial risk and may not be suitable for

all investors. Past performance does not obviously attest future results. AlphaNovae

does not make any advises or suggestions on which financial instruments customers

should buy or sell for themselves.

We provide educational information on ways to use our cutting edge AphaTrader

interface, however it is up to our customers responsibility to make their own

decision.

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- On 543 trades EURUSD Limit.

-> Average size: 23.2 lots LMAX

-> Average positive (good for trader) slippage per trade : 0.09 pip / 0.1 point. -> Max positive slippage: 23.1 pip. Min: 0 pip.

- On 210 trades Gold (XAUUSD) Limit.

-> Average positive (good for trader) slippage per trade : 0.2 pip / 2 point. -> Max positive slippage: 3.8 pip. Min: 0 pip.

- On 343 trades EURSEK Limit.

-> Average positive (good for trader) slippage per trade : 1.1 pip / 11 points. -> Max positive slippage: 201 pips. Min: 0 pip.