Dash Financial Releases New DROP360 Addition To Order-Routing Dashboard

FinTech company Dash Financial, which provides Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term solutions to the US ‎options and equities markets, announced today the launch of the latest ‎addition to its flagship DASH360 solution, DROP360, in a bid to enhance the transparency suite ‎of services, according to an official company press release.‎

Launched earlier this year, DASH360 is a real-time dashboard that helps visualize every aspect of the router’s behavior which allows the trader to immediately get feedback on the specific nuances that affect his own performance and make better decisions surrounding router configuration or algorithm selection in different circumstances. The web-delivered ‎HTML5 dashboard features a groundbreaking order visualizer that uses animation to visualize order routing ‎decisions and the resulting best execution performance.‎

According to the company announcement, the launch of DROP360 is aimed at offering an enhanced and real-time drop-copy ‎facility delivering instantaneous transparency into the complete order routing ‎behavior, execution behavior, costs and performance in machine readable format ‎utilizing FIX protocol.‎

Unfettered Transparency

Launched in 2011, with offices in New York, Chicago and San Francisco, Dash Financial provides elegant and ‎transparent solutions that empower institutions to achieve their goals when seeking Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in the US options and equity markets.‎

Historically, cost of trading has been one of the principle parameters when deciding where to ‎execute trades, so having the choice means traders can have more control over their trading ‎strategies. The new dashboard gives immediate feedback on each and ‎every cost associated with orders, as well as how the product fared in the pursuit of ‎the liquidity. All of this data gives management and stakeholders complete ‎transparency into best execution. ‎

Speaking about the new launch, David Karat, co-founder and CMO at Dash Financial, said: "Our ‎clients have continuously benefited from having visibility into the significant work our ‎algos and routers do on their behalf. Clients also have a full understanding of what ‎the results were and why via our Dash360 portal."‎

‎ "DROP360 provides us with the ability to furnish clients with this depth of ‎transparency via FIX drop-copy," he added.‎

‎"Whether it's consumed for in-house best execution analysis, compliance or storage, ‎we are continuously striving to advance the transparency available to the institutional ‎buy-side community and DROP360 is the latest advancement by Dash in this field," ‎commented Peter Maragos, co-founder and CEO of Dash. ‎

‎"We lead the field in transparency and when you merge that with a highly ‎customizable routing architecture you have a powerful agency solution delivering ‎performance from the client's point of view," concluded Maragos.‎