Lithos Volume Matching is positioned as a matching session aggregator, providing a single point of contact to any number of matching sessions offered by a variety of venues.

Tasks are organized into 5 categories including Needs Review, Needs Uploading File, Needs Signature, Needs Voting, and Confirm Allocation. All tasks are transitioned individually, with the exception of Confirm Allocation. Once the confirmed allocation task is marked as Done, all other tasks across all categories are automatically transitioned to Done as well.

Traders have the ability to enter their own demand either directly through the session specific order entry blotter or by using the client-side OpenFin Excel integration to feed prices from a trader’s own position spreadsheet directly into the matching session.

Lithos Matchings also provides details on fills both in the session aggregated trade book and through the use of real-time trade notifications, which closely mimic the feel of an OS style alert; made possible through the use of the OpenFin container.

The solution offers a configurable level of order transparency to traders in each session, ranging from a visualization of open demand on each matching instrument to a completely dark session.

Targeting this single deployment environment allows 28Stone to keep the Lithos Volume Matching code base as simple, nimble and maintainable as possible and significantly reduces both development and testing time.