Hermes Monitoring, Log & Alert System
Hermes® is a multi-monitoring system designed by Broker Systems to provide Brokerage Firms with a bird eye view of the internal and external trading systems logs with information continuously refreshing to reflect the real time. Is a tool which lets the user monitor / view and analyze trading logs with more ease.
Hermes® also, facilitates market making monitoring. Via given strategies provides all that data to the user in order to monitor instantly the market. It also supports alert system when a security found out of strategy.
The main application window is divided in four user-friendly monitors.
1. FIX Messages
The “FIX Message” pane is a monitoring grid which displays an aggregate view of the communication messages of all third systems connected via FIX protocol. The Financial Information eXchange (FIX) protocol is the leading open-messaging standard for electronic trading worldwide that has drastically change the way of international brokerage trading. FIX is an ideal way to link and automate electronic transactions between all trade stakeholders in a timely manner with low cost and it is commonly believed that FIX will be the dominant electronic trading standard, regardless of asset class, in the years ahead.
Since it is often desirable to browse through fix logs which contain multiple message types, a solution is needed for a single display that can handle all of these types. Hermes solves this problem by creating a grid containing all the fields appearing in the FIX log messages.
2. ODL messages
ODL messages pane is a utility designed by Broker Systems to provide Brokerage Firms with a bird eye view of the system resources in a visually appealing form with information continuously refreshing to reflect the real time information. Is a tool which lets the user monitor/view and analyze the stock exchange logs with more ease. It offers search and filter functionality for the log file. There is also a report facility, thus users can export messages for further analysis.
3. Market Making Monitoring
Market Makers have to keep track of the markets and use algorithms to determine the best pricing. The effectiveness of the Market Maker is tied to his ability to see the wholemarket quickly, and to react quickly. Hermes, via given strategies provides all that data to the user in order to monitor instantly the market. It also supports alert system when a security found out of strategy.
4. Market Making Alerts
Through alerts, Hermes offers the ability to monitor several different types of Market Maker imbalance, to set personal criteria for each type of imbalance, and to notify the user the instant that criteria are met.
Alerts can be set based on specific stocks and using specific algorithms in order to meet your specific trading criteria.
Once these alerts are set, Hermes will monitor all the stocks within your list of stocks, and will notify you when your criteria are met. Trading without the Hermes would leave you blind to the aggregate forces driving the prices in particular stocks.
Extra Features included:
System requirements: Windows All (32-bit).