Effective Trade LLC is a software developer and consulting firm focused on the professional derivatives securities trader. Effective RISC’s product line includes Remote Trader Workstation (RTW), AutoQuote (RAQ), and SmartQuote (RSQ). RTW is a trading platform designed for the trader whether “on-floor” as a market maker or “off floor” as a customer or firm. Risk is calculated dynamically – tick by tick with a live quote feed. RTW’s integrated Order Execution Management allows both the trader and the risk managers to quickly view and change the status of all order activity. For the onfloor market maker, RTW is fully integrated with all option exchanges so automated executions are received and evaluated dynamically. RTW’s architecture allows flexible client connections – from radio LAN handheld computers to workstations attached via the Internet. RTW is fully networked – all authorized users for an account see trade and positions updates dynamically. This means that risk managers have a dynamic second by second view and control of each trader’s risk.
Effective RISC’s AutoQuote (RAQ) uses the same advanced modeling features in RTW to generate and transmit market quotes to the appropriate exchange. RISC SmartQuote (RSQ) combines RTW and RAQ into a fully integrated trading platform. User parameters allow RSQ to automatically adjust RAQ generated prices based on the user’s risk profile. RTW, RAQ, and RSQ have an extreme advantage in their fully integrated architecture. In this rapidly changing environment, RISC prices are extremely competitive in the market and value the ideas and opinions of all customers.
Effective RISC
Traders Designing Software For Traders
175 W Jackson Blvd., Suite 1650
Chicago, IL 60604
(312) 939-8040
Edmund Fahey
Jack McDermott
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