Ghost Trader

8/9/2019 Ghost Trader

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Software Ltd.

www.esesoftware.com

Ghost Trader v.1.3.6

Ghost Trader (Ghost System) is a multi thread trading platform which is designed

to provide brokerage services to customers in the elds of Foreign Exchange , OTCOptions, CFD, Futures, equities or other derivative markets. Ghost Trader is a full

solution for broker rms with an integrated server and back-oce structures.

1 Trader Terminal (Ghost Trader)

Individual or corporate clients of the nancial rm use the trader terminal (Ghost

Trader) to execute their orders. Users can execute standard order types which arecommonly use in regulated exchanges.

Execution ow:

Ghost Trader gets the latest prices from server and publish it to end-users to be

executed. Order is executed by server and recorded into RDMS (Relational Database

Management System) with secure connection. Conrmation of deal is sent back

to trader terminal ,and also sent to Oce and Dealer Terminal for managementpurposes.

ServerGhost Server

RDMSRelational DatabaseManagement System

Outsource FeedsPrice, Order Execution,News and others

Trader Terminal

Ghost Trader

Ofce Terminal

Ghost Oce

Dealer Terminal

Ghost Dealer

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Two sub modules of server handle the execution process. Price Server is

responsible to deliver latest prices to the terminals. Order server is responsible to

execute the orders in synchronous way between terminals and servers.

A sample execution ow in Ghost Trader:

Each trader regularly gets the prices of foreign exchanges, forwards, OTC

options or commodities regarding to its own spread, parity groups. Price Server

is designated hosting tool to deliver price messages between components of

system.

Each trader are also able to send execution requests with last active rates on

price server. Execution request is handled by Order Server in synchronous with

price server. Execution record and conrmation messages are sent to the trader

and other related components of system simultaneously.

Sample Deal Flow

Source X Source Y

Price Server

Order Server

Ghost Dealer

Ghost Oce

Ghost Trader

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Operational Features:

Fast and reliable execution

Multiple accounts on one trader screen

Or multiple markets in one trading account

Multiple languages support (English, German, Russian, Turkish and Chinese are

supported currently)

Alerts to follow up market for less active traders or technical traders

Chart tools and advance technical analysis tools

Standard order types to enter into a position or stop out (Limit, Stop, OCO (one

cancels other), If-done, market-limit, stop loss, trailing step)

Predened quick trading sell and buy amounts

One-click market and limit orders for active traders

Quick trading windows with customized preferences

Execution conrmation

Short and detailed account value panels to match balances

Trade activity, open and closed position recap windows

Working and canceled orders reconciliation windows

Hold dierent currency balances

Auto conversion or EOD (End of Day) conversion options for balances

Optional o-set method for open positions

User guide for beginners or hints for advance users

Multiple workspace for dierent working environment

Flexible customization in tables and menus

Docking, oating windows

Technical Features:

Secure Connection & Enhanced User Security via ports

OS independent (MS Windows, Ubuntu, Red Hat, Suse, Solaris, Mac)

Java SDK independent

HTML reporting

Secure transaction logs


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2 Dealer Terminal (Ghost Dealer)

Ghost Dealer is a terminal which is developed to manage risk, price and

other corporate operations. Trading accounts deals come into Ghost Dealer

simultaneously.

Enhanced risk management

Price management for providing reliable feed to clients

Quick custom windows upto dealers needs

Alarm settings to follow up markets and orders

Middle oce tools to follow up accounts credibilityHedge entries with brokers

Real-time account valuation updated by system settings

Conversion risk analysis

Ghost Dealer default view and its components:


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3 Ofce Terminal (Ghost Ofce)

Ghost Oce controls the back-end operations of trading. Firms dene all

rules of system in terms of trading, spread, commission, swap or etc. through the

Ghost Oce.

Double entry and sum zero reports

Group and customed settings for nancial parameters

Localised time, date settings for regional markets

Introducing Broker setups and calculations

Multiple currency hold for traders and rmsEasy out-source connectivity for price management

Advance reports

Secure Connection for messaging and data backup

Ghost Oce default view and its components:


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4 Server Structure

Here is the structure of Ghost Server and its relations to the other components

of system. Price sources, exchanges and broker connections are outsource

components of system.

Dealer Server Trader Server

Price Server

Order Server

Ghost Server

Backoce Server

Chart Server

Price Source Y

Price Source X Exchange

Broker A

Broker B

Backup Disk 1

Backup Disk 2

Backup Disk 3

RDSM

Backup RDSM

Trader Client Dealer ClientOce Client

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4.1 Ghost Server

Ghost Server executes clients requests, and informing the other components.

It includes six dierent servers inside which are synchronous. Back-up connection

with RDMS is done by back-oce server.

Back-oce, dealer and trader servers are messaging to client interfaces in

SSL mode or vice versa.

Price server publishes price feeds to Trader, Dealer Clients, and Chart Server

to draw charts. Order server executes requests from clients and informing otherrelated servers.

Outsource feeds such as exchange or broker connections are handled by

Order and Price Servers regarding to type of feed. It may be in either price feed or

order execution connectivity. FIX (The Financial Information eXchange) protocol is

one of the globally standardised protocol for messaging. Apart from FIX, any custom

developed protocol or API might be connected to system with custom bridges.

4.2 RDMS (Relational Database Management System)

The back-up of system is written on disks in either simultaneous or

periodically regarding to needs of owner rm. Ghost system can work database

independent which means any database can be linked to system as RDMS structure.

PostgreSQL, MySQL and Oracle are the databases tested currently.

Obliged statements or reports are recorded as html or any other format into

disks as a disaster recovery.


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4.3 Messaging

The connection between clients and server is supported by SSL connection.

Secure Sockets Layer (SSL), are cryptographic protocols that provide security for

communications over networks such as the Internet. TLS and SSL encrypt the

segments of network connections at the Transport Layer end-to-end.

5 Other Server Applications

5.1 Price Reader (Outsource Feeds)

Price reader is used directly connect outsource feeds to Ghost Server. It uses

standard class denition with mapping the outsource symbols to Ghost System

symbols. Raw outsource prices get into Market Maker to be mixed or changed.

5.2 Market Maker

Market maker is used to mix the dierent outsource feeds and and produces

the best appropriate price for the needs of nancial instituions.

6 Connection

6.1 Fix Connection

The Financial Information Exchange (FIX) Protocol is a series of messaging

specications for the electronic communication of trade-related messages. It has

been developed through the collaboration of banks, broker-dealers, exchanges,

industry utilities and associations, institutional investors, and information

technology providers from around the world.1

1. FIX Protocol, http://www.fxprotocol.org/


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FIX Connection is the most common connection way between banks and

large sized nancial rms. Ghost System supports all messaging formats in FIX

v.4.2. This version includes all known order types (limit, stop, oco and etc.) and

price parameters (bid price, bid liquidity, depth of market and etc.)

6.2 Exchange Connectivity

Connection to exchange prices or execution modules are the other common

connection options for nancial rms. However, nancial rms need to be eligible

in terms of due diligince and execution licenses.

Each exchange may use the FIX protocol or its own customized connection

methods to serve to the member or non-member clearing houses. The Exchanges

provide standardized bridges to integrate participants into one single system for

custom connection methods.

Custom connection methods are built over the standard global parameters

such as order types, and price variables as same as FIX protocol.

Ghost Trader

Documents

Transcript of Ghost Trader