ORDER EXECUTION MANAGEMENT SYSTEM

Execute at the Speed of Light

Ultra-low latency execution infrastructure engineered for institutional traders. Smart order routing, advanced algorithms, and real-time risk management in one unified platform.

50μs
Execution Latency
1M+
Orders/Second
15+
Venues Connected

Execution Excellence

Every component optimized for institutional-grade performance

Smart Order Routing

Intelligent routing algorithms that find the best execution path across multiple venues in real-time

  • Best execution analysis
  • Liquidity aggregation
  • Venue optimization
  • Latency-based routing

Algorithmic Trading

Pre-built and customizable algorithms for sophisticated execution strategies

  • TWAP / VWAP
  • Iceberg orders
  • Implementation shortfall
  • Custom algorithms

Risk Controls

Real-time pre-trade and post-trade risk management with customizable parameters

  • Position limits
  • Order rate controls
  • Fat finger prevention
  • Kill switch functionality

Order Management

Comprehensive order lifecycle management from creation to settlement

  • Multi-asset support
  • Order staging & validation
  • Automated workflows
  • Audit trail & compliance

Multi-Venue Connectivity

Unified gateway to global exchanges and liquidity providers

  • 15+ integrated venues
  • FIX 4.4/5.0 protocol
  • REST & WebSocket APIs
  • Custom integrations

Real-Time Analytics

Live execution analytics and TCA (Transaction Cost Analysis)

  • Execution quality metrics
  • Slippage analysis
  • Venue performance
  • Custom dashboards

Built for Speed & Scale

Our OEMS is engineered from the ground up for institutional performance. Hardware-accelerated matching, kernel bypass networking, and distributed architecture ensure consistent sub-microsecond performance at scale.

Wire-to-Wire Latency < 50μs
Order Throughput 1M+ /sec
Message Rate 10M+ /sec
Uptime SLA 99.99%

Technology Stack

Rust Core FPGA Acceleration Kernel Bypass RDMA Co-location Ready
Latency Distribution
P50: 35μs
P90: 42μs
P95: 45μs
P99: 48μs
P99.9: 50μs

Seamless Integration

Connect via FIX protocol, REST API, or native SDKs. Get started in minutes.

from cipher import OEMS

# Initialize OEMS client
oems = OEMS(api_key="your_api_key")

# Create and submit order
order = oems.create_order(
    symbol="BTC-USD",
    side="buy",
    quantity=10.0,
    order_type="limit",
    price=45000,
    time_in_force="GTC"
)

# Smart order routing
routed_order = oems.smart_route(
    order,
    strategy="best_execution",
    venues=["binance", "coinbase", "kraken"]
)

# Monitor execution
@oems.on("execution")
def on_execution(exec_report):
    print(f"Executed: {exec_report.quantity} @ {exec_report.price}")
import { OEMS } from '@cipher/oems';

// Initialize OEMS client
const oems = new OEMS({ apiKey: 'your_api_key' });

// Create and submit order
const order = await oems.createOrder({
    symbol: 'BTC-USD',
    side: 'buy',
    quantity: 10.0,
    orderType: 'limit',
    price: 45000,
    timeInForce: 'GTC'
});

// Smart order routing
const routedOrder = await oems.smartRoute(order, {
    strategy: 'best_execution',
    venues: ['binance', 'coinbase', 'kraken']
});

// Monitor execution
oems.on('execution', (execReport) => {
    console.log(`Executed: ${execReport.quantity} @ ${execReport.price}`);
});
// New Order Single
8=FIX.4.4|35=D|49=CLIENT|56=CIPHER|34=1|52=20240315-10:30:00.000|
11=ORDER123|55=BTC-USD|54=1|38=10.0|40=2|44=45000|59=1|

// Execution Report
8=FIX.4.4|35=8|49=CIPHER|56=CLIENT|34=2|52=20240315-10:30:00.050|
37=EXEC456|11=ORDER123|17=EXEC789|150=F|39=2|55=BTC-USD|
54=1|38=10.0|44=45000|31=45000|32=10.0|14=10.0|6=45000|

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Technical Documentation

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