Order Flow Visualization

End-to-end trade lifecycle from client order to settlement and billing

2,847
Orders Today
1.2ms
Avg Latency
$48.2K
Fees Collected
12
Active Venues
Mini Map

Order Flow Legend

Client Origin
Order Mgmt
Trader Decision
Pre-Trade Check
Execution Venue
Fills & Reports
Post-Trade Check
Fee Calculation
Client Billing
Settlement

Animated edges show real-time data flow. Click nodes for details.

Order Submission

Clients submit orders via FIX protocol, REST API, or trading portal. Orders are validated, enriched with reference data, and appear on the order blotter for trader review.

Execution & Routing

Traders select execution venue and strategy. Orders pass pre-trade compliance, then route to exchanges, prime brokers, or dark pools. Execution reports (ACKs, fills) flow back in real-time.

Fees & Settlement

Exchange fees, regulatory fees, and clearing costs are calculated. Our commission margin is added per the fee schedule. Charges are invoiced to clients, and trades settle T+1 via DTCC.