Order Management System Guide
Learn how to build a comprehensive order management system that handles the complete lifecycle of trades. This guide covers order processing, execution management, and position tracking components.
Order Processing
Order Lifecycle
Managing order states and transitions
Key Features
- Order validation
- State management
- Order modification
- Cancellation handling
Order Types
Support for various order types
Key Features
- Market orders
- Limit orders
- Stop orders
- Algorithmic orders
Execution Management
Smart Order Routing
Intelligent order routing system
Key Features
- Best execution
- Market fragmentation
- Routing rules
- Venue selection
Execution Analytics
Track and analyze executions
Key Features
- Transaction cost analysis
- Execution quality
- Slippage analysis
- Performance metrics
Position Management
Position Tracking
Real-time position monitoring
Key Features
- Portfolio positions
- Risk exposure
- P&L calculation
- Position reconciliation
Trade Settlement
Post-trade processing
Key Features
- Settlement tracking
- Failed trade handling
- Clearing process
- Settlement reporting
Related Resources
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