In 2011, we launched Dash with a next generation, completely flexible, fast and transparent trading infrastructure to tackle the structural deficits inherent in today's ever-changing execution microstructure.
Sitting above a proprietary low-latency routing architecture is a suite of high performance, home grown routers and algorithms designed to operate effectively under any trading, rule, or fee environment.
With a significant focus on providing top quality service and concierge support, our team of execution and microstructure experts are also proud to offer assistance, consulting and analysis in all facets of routing, execution and clearing.
Delivering a real-time intuitive analytics dashboard, Dash360 provides all aspects of the order lifecycle in visualized and non-visualized data formats including routing information, execution detail, order-book detail at every step, venue analysis and exchange reconciliation. Dash360 features a first of its kind order visualizer utilizing animation to visualize order routing decisions and the resulting best execution performance.
SENSOR is Dash's signature State-of-the-art Exchange Navigating Smart Order Router. Designed to empower traders to navigate the complex and ever evolving market structure, SENSOR employs advanced routing techniques to intelligently deliver numerous orders to multiple markets venues to achieve the perfect balance between liquidity capture and cost optimization from the client's perspective.
Smoke is a dynamic sweep-no-post routing tool for equities and options, leveraging SENSOR's smart order routing capabilities and fee optimization techniques without ever posting out loud.
Blitz is a premium liquidity yield-sensitive algorithm for listed options, which combines Dash's ultra-low latency infrastructure with industry leading dynamic multi-factor destination routing optimization.
Option-X is an algorithmic suite providing a comprehensive crossing solution for US listed options, incorporating all available electronic crossing mechanisms, as well as the floor based markets, with routing logic geared towards optimizing exchange fee structures and contra-party interaction rates.
Volt is an advanced algorithm that allows dynamic order control on derived implied volatility terms. Volt includes dynamic auto-hedging functionality among other customizable features.
Options TWAP is an intelligent workflow algorithm designed to balance price improvement with a linear / time-weighted execution profile. Options TWAP is designed to minimize market footprint and utilizes the customizable fee-sensitivity of the Dash SENSOR smart order routing algorithm.
A remarkably flexible, high-performance suite of algorithms utilizing sophisticated microstructure techniques to advance benchmark performance, liquidity capture and fee mitigation. (including: VWAP, TWAP, Volume Participation, Implementation Shortfall, Rapid, Rapid Dark, Flexible Participation, Synthetic Peg, Phantom, Close, Dark, SENSOR & Smoke)
A unique tool to Dash, we provide the ability to configure the techniques and functionality of our routers and algorithms at a firm, strategy, PM, and even symbol level to ensure a unique tailored experience for each user.
One of the largest areas for improvement in the world of institutional brokering has always been transparency. We launched Dash with the ability to provide 100% real-time order-to-execution transparency and exchange reconciliation at the individual child-order level so that a client of Dash sees everything we do...where their orders are being routed and why, the order type, destination, details as to what the order book looked like at every step of the way.
In our most recent generation of transparency and reporting tools we introduce data visualization concepts that bring the order-execution life cycle to life visually and provide guidance to the consultancy and customization process.
Performance means different things to different people, but whether it is capturing the liquidity on the screens, fee optimization or benchmark deviation, we felt that there tends to be one of three reasons for underperformance: technology deficiencies, lack of microstructure expertise or routing decisions made for reasons other than achieving the client's objective.
We set about building a state-of-the-art, modular trading architecture that was not just 'built for now' but allowed the ability to evolve with the microstructure seamlessly, as well as to be customized to an individual client, strategy, trader or even symbol level. We established a team of highly experienced microstructure experts to calibrate the products and consult on routing practices. We also launched with a unique Dashboard, a fully transparent glass box into our engines to be able to analyze every single aspect of the trading process and aid this consultancy process.
Service to us is, and should always be, a white-glove experience. At Dash we are proud to offer unparalleled service and support.