Technology

Schonfeld offers a complete technology package designed specifically for the automated trader. Engineered from the ground up, our proprietary system provides high speed market data, fast order facilitation, and post trade management information and reports, enabling us to routinely handle over 1.5 million unique orders, and 3 million unique messages per day!

Features

The HUBB™ protocol, Schonfeld's well documented proprietary API, gives automated traders the tools necessary to quickly integrate with our market data and order entry systems. Once connected, automated traders may choose to take advantage of the SchonEx, our front-end trading system to manage and monitor open orders and positions, view important statistics and interact directly with their order flow. Schonfeld provides its automated traders with free, reliable, and real-time market data to make investment decisions.

Connectivity

Schonfeld provides its automated traders with direct connections to the major ECNs and markets. This ensures fast, reliable access to the NASDAQ Stock Market, INET ECN (formerly Island and Instinet), ArcaEx, Brut, Btrade, New York Stock Exchange, American Stock Exchange, regional stock exchanges and our affiliate's NYSE electronic membership provides access to DOT and Direct+. In addition, by co-locating our data-services with the INET ECN in their state of the art data center, we provide the ideal environment for the automated trader from a standpoint of market access as well as disaster recovery systems.

Competitive Edge

Schonfeld provides its automated traders with TRAP™ routing technology to help select the fastest and most cost-effective venues to route orders. Automated traders can opt to have their orders route intelligently by scanning market makers, ECNs, exchanges, and hidden pools of liquidity for the best available execution.