The mRTD matcher solution empowers market participants to design and implement individual electronic market models, like the internalization of order flow. mRTD is an instrument-agnostic matching system with an open API that gives customers the power to operate proprietary marketplaces for either on-exchange or over-the-counter products. mRTD helps you process your orders faster and with more flexibility.  

Customized Market Models
Choose from four standardized models are available for out-of-the-box implementation or design a made to order model.

• Order driven       
• Quote driven       
• Quote request driven        
• ECN
• Your model  

Seamless Integration
All RTS products are designed so that they can be integrated seamlessly with each other. While the mRTD matcher can be used separately from all other RTS products, mRTD’s open architecture facilitates easy integration with RTS trading and connectivity products, or with customers’ in-house programs or third-party software. RTS tools can help users create a complete marketplace, from exchange connectivity to matching engine and front-end solutions.  

Reduced Time to Market
RTS has experience implementing a significant number of mRTD solutions for leading market participants. Using the mRTD “off the shelf” solution will shorten significantly your time to market as compared to developing an in-house solution.  

Facilitating Regulatory Compliance
In addition to it’s primary function to create markets, mRTD also helps firms comply with regulatory requirements resulting from the implementation of MiFID and/or RegNMS. mRTD can be set up to replicate the best inside market available so that customer orders can be matched at best prices. In addition, detailed audit trails to substantiate best execution is a standard feature.

mRTD is ideal for:

Broker-dealers • FCMs • Anyone who needs a marketplace