Introducing ETNA’s Staging Blotter: Optimizing Order Execution

ETNA is proud to unveil its latest innovation, the Staging Blotter, designed to enhance the efficiency of order execution by breaking down substantial orders into smaller, more manageable components before they hit the market.

How does it operate? 

Directly routing sizable orders to the market can have an effect on the market, leading to execution at a worse price. To mitigate this issue, clients have the option for large orders to be executed within the staging blotter – a dedicated container within the ETNA Order Management System (OMS). Within the blotter, brokers gain the ability to split these orders into smaller components, executing them one by one. For child orders, brokers can configure parameters such as the number of shares and limit price. This “slicing” process can be carried out manually or by leveraging specific algorithms.
Also staging blotter supports trades made outside of the ETNA Platform, for example, Agency Cross transactions.

 Who benefits from it? 

The Staging Blotter is now an integral part of the default configuration in ETNA Back Office, offering invaluable capabilities to broker-dealers working with institutional clients and Registered Investment Advisors (RIAs) engaged in street trades to rebalance extensive portfolios.