Trying to develop a pretty specific due diligence questionnaire to cover the mechanics of trading, order management, and execution system of trading groups we evaluate. A few typical questions are below but we are hoping to create something comprehensive, which the below certainly is not. Of course, trying to avoid reinventing the wheel.
Can anyone share a more comprehensive list of due diligence questions for this area?
In effort to reciprocate, let me know what I may do to help you out?
Sample Due Diligence Questions - Trading and Execution Systems:
⢠how signal is generated,
⢠process for converting signal into order,
⢠decision matrix on how/where order is routed,
⢠how order is monitored/changed, etc.,
⢠process for matching confirms against open orders,
⢠process for end of day tri-party reconciliation of position against clearing firm, trading/order management software, and fund admin, etc.
Can anyone share a more comprehensive list of due diligence questions for this area?
In effort to reciprocate, let me know what I may do to help you out?
Sample Due Diligence Questions - Trading and Execution Systems:
⢠how signal is generated,
⢠process for converting signal into order,
⢠decision matrix on how/where order is routed,
⢠how order is monitored/changed, etc.,
⢠process for matching confirms against open orders,
⢠process for end of day tri-party reconciliation of position against clearing firm, trading/order management software, and fund admin, etc.