The Tradetech Daily

TORA — TORA Compass

TORA — TORA Compass

TORA Compass is a multi-asset, multi-broker execution and order management system for Asia. The system includes execution capabilities as well as compliance, order generation, real time P&L, transaction cost analysis and reporting functionality.

TORA Compass supports multiple asset classes including equities, futures, options, warrants, convertible bonds, FX, baskets, spreads, and synthetic products (swap, contracts for difference etc.).

Connectivity and functionality

TORA Compass connects to 100+ regional brokers, 24
exchanges, over ten off-exchange pools and 100s of continuously updated algos.
Beyond Asia, TORA Compass accesses over 700 brokers in 60+ exchanges across
Europe and the Americas.

TORA Compass connects to the TORA Alpha, the firm’s algo
suite. The broker also offers integrated access to TORA Clearpool for
electronic OTC trading, TORA Crosspoint for liquidity matching and TSOR for
smart order routing with access to 10+ non-displayed liquidity venues.

Sourcing options

TORA Compass uses an application service provider
model, with state-of-the-art infrastructure providing speed, reliability, and
stability. There is no IT infrastructure or incremental staff required at the
client site, and implementation can be a matter of days.

Pre- and post-trade analytics

TORA Compass offers a range of analytics spanning
pre-trade analysis of market impact for strategy selection, to intraday
tracking against benchmarks, to post-trade TCA reporting highlighting outliers
and counterparty performance.

Future plans

TORA is continuously enhancing Compass based on the needs of traders focus on execution and the search for liquidity.