LIME EXECUTION GATEWAY
Lime Execution provides clients access to all major U.S. equity and options market centers, and the most equity dark pools. The Lime Gateway is designed to meet the requirements of the SEC 15c3-5 Market Access Rule and can visually be described as showed in the image below. Lime’s Trading Server is optimized for both performance and throughput. The platform scales horizontally enabling it to handle virtually any order flow.
The risk checks are performed in line and it is a pure software solution. The Lime Execution Gateway integrates quickly and easly through normalized and optimized C++, JAVA APIs or via FIX.
LIME SMART ROUTER
The Lime Execution algorithms allow clients to intelligently route and execute orders for price and speed to market.
A smart order router is an essential trading technology at any brokerage firm. Lime’s offering competes with the best products available by providing access to multiple markets, fast execution, customizable settings, and execution reporting.
Highly customizable using multi-phase strategy
Sequential or parallel access to all lit, inverted, and dark markets
Selectable aggression settings and order options (e.g. limit max display quantity)
Lime offers algorithms that provide performance and flexibility to traders executing large orders. These algorithms are readily customized and adjusted for Lime’s extensive historical tick data. Leveraging the Lime smart router and data, our clients benefit from Lime’s market access and low latency order as well as direct feed handling technologies.
Featured Equities & Benchmark Strategies
VOLUME WEIGHTED AVERAGE PRICE (VWAP)
Minimize the slippage against the volume weighted average price over the course of the order.
TIME WEIGHTED AVERAGE PRICE (TWAP)
Executes desired quantity at a constant rate over a user-defined interval.
PERCENTAGE OF VOLUME (POV)
Tracks and reacts to real-time market volumes to target a user-defined participation rate.
Smart Order Algorithms
LIME SMART ROUTER
Aggressive liquidity seeking algorithm that optimizes speed to interact with displayed and non-displayed markets.
Dark Sweeping algorithm seeks to optimize sourcing dark liquidity while lowering transaction costs.
Aggressive liquidity seeking algorithm with objective to lower transaction costs on displayed and non-displayed markets.
Neutral to aggressive algorithm with objective not to pay full spread on available liquidity.
Accesses liquidity for all venues supporting invisible or hidden order types.