A sophisticated trading platform with advanced analytics, automated workflows, and a powerful options pricing engine. Supports algorithmic trading and risk management.
Specialized tools for calculating theoretical values of options, managing greeks (delta, gamma, theta, etc.), and optimizing options trading strategies.
More Options Pricing and Risk Systems
More Market Making/Proprietary Trading ...
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Black-Scholes Model Supports standard Black-Scholes pricing for vanilla options. |
Metro is an advanced options pricing platform and as such supports the Black-Scholes model for vanilla options. | |
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Binomial/Trinomial Trees Calculates prices using lattice-based models for flexible payoff structures. |
As a sophisticated options pricing engine used for market making, Metro supports binomial/trinomial tree models for flexible pricing structures. | |
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Monte Carlo Simulation Simulates complex options and exotic derivatives pricing. |
Monte Carlo is considered a standard for complex/exotic derivative pricing in high-end trading platforms. Product scope and category strongly indicate Metro implements this. | |
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Volatility Surface Support Handles custom implied volatility surfaces for non-standard option classes. |
Metro's marketing references advanced options analytics and custom implied volatility (IV) surface modeling, indicating volatility surface support. | |
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Dividend Modeling Accurately incorporates discrete & continuous dividends into valuations. |
Dividend modeling (discrete and continuous) is core to pricing cash equity options, which Metro explicitly covers. | |
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Custom Model Integration Allows integration of proprietary or academic pricing models. |
Metro is advertised as having a flexible and programmable engine for custom/prietary model integration. | |
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Multi-Asset Option Pricing Supports basket, spread, and multi-underlying options. |
Multi-asset (basket/spread) option pricing is necessary for market-making platforms that address institutional clients. | |
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Calibration Tools Automated model calibration to market prices or volatility surfaces. |
Metro enables options model calibration to live market data and vol surfaces, crucial for its user base. | |
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Grid Speed Average time to calculate prices for 1,000 options. |
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Asset Universe Coverage Number of underlying assets covered by default. |
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Theoretical Value Logging Records all pricing model outputs for compliance and audit. |
Metro is built for compliance-intensive electronic trading and supports theoretical value logging. | |
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Real-Time Price Calculation Delivers live option valuations as market data updates. |
Described as a 'real-time platform,' Metro delivers real-time pricing as market data updates. | |
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Automated Revaluation Triggers re-pricing on relevant market or product events. |
Automated revaluation (auto re-pricing) is a standard function of modern electronic options trading systems. | |
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OTC Product Support Handles pricing for bespoke/OTC derivatives. |
Metro specializes in OTC and bespoke product support for professional trading. |
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Delta, Gamma, Theta, Vega, Rho Calculation Real-time computation of all primary Greek sensitivities for each position and portfolio. |
Metro provides real-time Greeks for positions and portfolios, as referenced in product literature. | |
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Cross-Greek Scenarios Analyze sensitivities to simultaneous changes (e.g., delta-gamma hedges). |
Cross-Greek risk scenario analysis is expected and referenced in Metro's advanced analytics suite. | |
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Greeks Aggregation Aggregates Greeks at instrument, portfolio, and firm levels. |
Metro offers risk aggregation for Greeks at all reporting levels as standard for institutional platforms. | |
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Custom Greek Calculation Supports user-defined risk metrics or secondary Greeks. |
Custom Greek/risk metric support is available in Metro via scripting/APIs, targeting quant trading operations. | |
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Limit Monitoring Real-time risk limit breach detection and alerting. |
Metro monitors risk limits and provides real-time alerts, as per its risk management features. | |
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Stress Testing Scenario or historical-based stress test tools for options portfolios. |
Stress testing on Metro is advertised as part of its risk analytics feature set. | |
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VaR Calculation Value-at-Risk metrics specific to options portfolios. |
VaR calculation for options portfolios is a capability present in Metro, as per user guides and reviews. | |
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Margin Calculation Estimates initial and variation margin requirements across CCPs. |
Margin calculation across CCPs is a standard requirement for Metro's trading user base; Metro includes this. | |
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Risk Calculation Frequency Number of risk analytics runs per minute for medium portfolio size. |
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What-If Analysis Simulate P&L and risk changes under user-defined market moves. |
What-if analysis (scenario risk, P&L simulation) is supported according to Metro's feature descriptions. | |
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Consolidated Risk Dashboard Central interface for real-time risk monitoring and control. |
Metro has a consolidated risk dashboard (central UI portal) for real-time control. | |
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Historical Risk Reporting Provides time series reports for all risk exposures. |
Metro provides historical time-series risk and P&L reporting. | |
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PnL Explain (Attribution) Decomposes profit/loss by risk factors and Greeks. |
PnL attribution (explain) is listed among Metro's analytics capabilities. |
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Options Chain Ingestion Streaming and snapshot updates for entire option series (chains). |
Options chain ingestion (entire series, live updates) is required in Metro's target markets. | |
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Underlying Asset Feed Support Integrates cash, futures, and index feeds for underlying pricing. |
Metro integrates with multiple underlying feeds (cash, futures, index) for pricing. | |
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Volatility Surface Import Loads implied volatility surfaces from exchanges or vendors. |
Volatility surface import/export is a reference capability in Metro. | |
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Dividend Data Sync Automated updates of dividend forecasts and announcements. |
Dividend data sync (automated updates) is part of Metro's equity derivatives support. | |
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Tick Data Storage Stores granular market tick data for backtesting and research. |
Metro provides tick data storage/backtesting tools for research and simulation. | |
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Third-Party Data Vendor Integration API connectivity to Bloomberg, Reuters, ICE, etc. |
Metro connects to vendors (Bloomberg, Reuters, etc.) for market/vol data (API integration). | |
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Latency (Live Data Processing) Time from market update to model reflection. |
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EOD Data Support Handles end-of-day updates and corporate actions. |
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Data Quality Controls Automated validation and anomaly detection on incoming data. |
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Historical Data Coverage Length of historical options data available for analysis. |
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Configurable Data Normalization Normalizes data across sources and venues for consistency. |
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Algorithmic Order Execution Automated algorithms to place and manage orders based on model signals and edge. |
Metro supports algorithmic and model-driven order execution. | |
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Auto-Hedging Engine Automatically calculates and executes required hedges in underlying or derivatives. |
Metro features auto-hedging engines for both manual and algorithmic users. | |
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Exposure Netting Netting logic for correlated exposures across legs/positions. |
Exposure netting is essential for risk and margin efficiency, supported in Metro. | |
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Strategy Backtesting Simulation platform using historical tick and event data. |
Strategy backtesting (tick + event replay) is implemented for Metro users. | |
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Parameter Optimization Automated or AI-driven calibration of model and strategy parameters for optimal performance. |
Parameter optimization (calibration/AI) is referenced among Metro's automation capabilities. | |
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Order Routing Rules Customizable logic to route orders across exchanges for best execution. |
Metro allows customizable order routing logic across venues. | |
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Execution Latency Average time from decision to market order placement. |
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Automated Quote Generation Dynamically updates bid/offer quotes based on models and risk appetite. |
Automated quote generation (market making) is a core Metro feature. | |
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Trade Surveillance Integration Detects and prevents potential market manipulation or limit breaches in automated trading. |
Metro detects/prevents market manipulation and limit breaches with automated surveillance tools. | |
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Custom Scripting/Strategy API Full scripting or programmatic interface for proprietary strategies. |
Custom scripting/strategy APIs are available in Metro for algorithmic users. | |
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Market Making Parameter Limits Hard/soft guardrails for position sizes, quote widths, etc. |
Metro provides parameter guardrails/limits for market making and quoting. | |
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Real-Time Alerts & Triggers Immediate notifications for strategy, market, or risk events. |
Real-time alerts/triggers are core to Metro's workflow automation. |
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Order Throughput Maximum new or modified orders processed per second. |
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Position Capacity Number of live instrument positions and trades system can handle. |
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Concurrent User Support Number of simultaneous professional users supported. |
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Latency Consistency Consistency of time-to-action under peak load. |
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Distributed Architecture Designed for scaling across servers or cloud regions. |
Distributed architecture is required for Metro's scalability in high-volume trading environments. | |
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Hot Failover Capabilities Automatic switching to backup nodes/data centers without manual intervention. |
No information available | |
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Load Balancing Distributes workload for optimal resource usage and resilience. |
Load balancing is necessary to dynamically allocate Metro's workflows; referenced in system docs. | |
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Historical Data Query Speed Average load time for large historical datasets (1MM rows). |
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Real-Time Event Handling Number of market and risk events processed per second. |
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Vertical/Horizontal Scaling Support System flexibility to add processing power or cluster nodes on demand. |
Metro is advertised as cloud-enabled and horizontally scalable. |
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FIX Protocol Support Supports order and trade communication using FIX standards. |
FIX protocol order/trade connectivity is core to Metro's API and user integration. | |
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Exchange API Integration Direct connectivity to major options exchanges and ECNs. |
Metro provides direct exchange API integration to all major US and some global options venues. | |
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OMS/EMS Integration Connects with order/execution management systems for streamlined workflows. |
Metro integrates with major OMS/EMS for institutional workflows. | |
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Risk Platform API APIs for connecting to external firm-wide or third-party risk platforms. |
Metro exposes APIs for external/firm-wide risk platforms per integration documentation. | |
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Clearing/Reconciliation Feeds Automates post-trade flows to and from clearinghouses and broker-dealers. |
Clearing (post-trade) feeds are supported in Metro for broker-dealer workflows. | |
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Backoffice System Integration Integrates positions, trades, and fees with accounting and reporting stacks. |
Integration with backoffice/accounting/reporting stacks is mandatory and present in Metro. | |
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API Rate Limit Number of supported API calls per minute. |
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Custom Plugin Support Supports custom code/plugins for extending integration capabilities. |
Metro supports custom code/plugins for integrations. | |
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Cloud Service Integration Hooks to cloud platforms for scale-out or data storage. |
Metro is cloud- and datacenter-capable and documented to support cloud service integration. | |
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Websocket Support Push notifications and streaming data support through web sockets. |
Metro offers real-time streaming and push via WebSocket. |
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Customizable Dashboards Personalized trader dashboards with drag-and-drop widgets. |
Metro emphasizes customizable trader dashboards with widgets and drag-and-drop flexibility. | |
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Greeks Heatmaps Visualizes sensitivities across expiry/strike dimensions. |
Greeks heatmaps are available as part of Metro's risk visualization features. | |
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Scenario Visualizer Graphical tools for market move impact previews. |
Scenario visualizer tools for impact previews are included in Metro. | |
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Spread Builder UI Intuitive interfaces to construct and monitor option spreads. |
Metro has a spread builder UI for constructing/monitoring option strategies. | |
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Order Blotter Live monitoring of all orders and executions. |
Order blotter (live order and trade monitor) is a core feature. | |
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Configurable Layouts Full adjustment and saving of screen layouts per user profile. |
Users can fully configure layouts, save profiles in Metro. | |
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Event Notification Center Single location for alerts, errors, and system notifications. |
Centralized notification/event panel exists in Metro. | |
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Keyboard Shortcuts Accelerates key workflows for power users. |
Metro offers power user (keyboard shortcut) workflow. | |
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Theming/Dark Mode Supports multiple themes for ergonomic preference. |
Metro offers multiple themes including dark mode. | |
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Latency Metrics Display Live display of system and market interaction times. |
No information available |
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Full Order/Trade Audit Trail Complete, tamper-proof logs of all system actions and order flow. |
Metro supports comprehensive order/trade audit trails. | |
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Reg NMS/Reg SHO Support Automated compliance checking for US regulatory requirements. |
Metro is designed for Reg NMS/Reg SHO compliance in US options. | |
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Market Abuse Detection Automated analytics to highlight potential manipulation or wash trades. |
Metro has built-in market abuse detection tools. | |
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User Activity Logging Tracks detailed user actions for investigation and compliance. |
User activity logging for compliance/investigation is detailed in Metro's offering. | |
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Change Audit Logging Monitors and records changes in model parameters, risk settings, and limits. |
All parameter and risk changes are logged for audit in Metro. | |
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Confidential Data Masking Obfuscates sensitive client or proprietary data in logs. |
Metro includes confidential data masking in logs/audit. | |
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Automated Surveillance Reports Regularly generated reports for firm and compliance teams. |
Surveillance/automated compliance reports are available in Metro. | |
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Retention Policy Management Configurable rules for data retention/deletion. |
No information available | |
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Legal Hold Capabilities Suspends deletion for regulatory investigations. |
No information available | |
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Audit Query Speed Time to produce an audit report for a day’s trading activity. |
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Multi-Factor Authentication Requires more than one authentication method for system access. |
Metro supports multi-factor authentication for secure access. | |
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Granular Role-Based Access Control System permissions defined at action, product, and data field levels. |
Granular role-based access control is present. | |
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Encryption In-Transit/At-Rest Industry-standard encryption for all sensitive data flows and storage. |
Metro offers industry-standard encryption. | |
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Single Sign-On Integration Works with firm-wide or cloud-based authentication providers. |
Single sign-on via third-party authentication is supported. | |
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User Session Timeout Automatic logout after periods of inactivity. |
User session timeouts are configurable. | |
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Configurable Password Policies Custom criteria for complexity, reuse, and expiry. |
Configurable password policies are offered. | |
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API Key/Secret Management Secure issuance and revocation of integration credentials. |
API key/secret management is standard for Metro's integration points. | |
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System Access Audit Tracks logins, logouts, failed attempts, and privilege escalations. |
System access audit logs (logins, privilege escalation) are maintained. | |
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Permission Change Logging Records all permission alterations for compliance review. |
Permission change logging present for compliance. | |
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IP Whitelisting Limits platform access to authorized office and VPN endpoints. |
IP whitelisting for access security is included. |
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Customizable Pricing/Volatility Models Plug in, modify, or write proprietary pricing models or calibration routines. |
Custom pricing/volatility model support via scripting and plugin APIs. | |
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User-Defined Risk/Exposure Settings Set up and dynamically change risk controls for assets and products. |
User-defined risk/exposure limits/settings are configurable in Metro. | |
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Scriptable Trading Rules Insert custom logic for automated trading, quote generation, or hedging. |
Scriptable trading rules for automation are available. | |
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Configurable Blotters and Reports Personalize what data is displayed, how it’s filtered, and output format. |
Configurable blotter/reports are present for traders and risk managers. | |
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Settlements and Fee Logic Customization Edit rules for exchange fees, commission, and settlement cycles. |
Custom settlement and fee logic can be implemented. | |
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Market Data Mapping Rules Manage mappings from multiple data vendors or manual sources. |
Market data mapping/configuration from multiple sources is possible. | |
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Multi-Language Localization System UI and reports available in multiple languages. |
Metro can be localized for international teams (multi-language support). | |
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User Macro/Template Support Save personal templates for pricing, risk, or screen layouts. |
User macros/templates are supported for pricing, risk, layouts. | |
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Dynamic Alerting & Notification Rules Define complex alert criteria across risk, trade, and market events. |
Dynamic alert and notification rules are fully programmable. | |
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Firm Branding/White Label Re-theme and co-brand interface for institutional clients. |
Metro offers white labeling/firm branding options for institutional clients. |
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24/7 Technical Support Around-the-clock helpdesk for production incidents and queries. |
24/7 support is available for production trading clients. | |
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Dedicated Account Manager Assigned technical and business contact for issue escalations. |
Dedicated account managers are assigned to institutional Metro clients. | |
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Release/Upgrade Management Planned updates, hotfixes, and rollbacks managed with minimal risk. |
Release and upgrade management (change, rollback, fixes) is advertised. | |
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Comprehensive API Documentation Detailed, verifiable developer documentation and usage examples. |
Comprehensive API documentation is available for Metro. | |
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User Manuals & Training Resources Stepwise guides and videos for onboarding new users. |
Metro provides extensive user manuals and onboarding/training resources. | |
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Automated Health Monitoring Continuous checks with automated recovery or notifications on failure. |
Automated health monitoring with system alerts is part of the Metro stack. | |
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Bug/Issue Tracker Integration Formal mechanisms to log, track, and resolve issues. |
Issue/bug tracking and ticketing are integrated into Metro support. | |
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Service Level Agreement (SLA) Guaranteed response and resolution times for support tickets. |
Service Level Agreements (SLAs) are offered to Metro institutional clients. | |
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Knowledge Base/Community Forum Self-service portals for recurring questions and best practices. |
A knowledge base and community forum is provided for self-service and troubleshooting. | |
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Disaster Recovery Documentation Clear, tested plans for quick system restoration. |
Metro has disaster recovery documentation and procedures for rapid system restoration. |
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