What is the difference between an Execution Gateway and an OMS?

An order execution gateway focuses on ultra-low latency order submission, venue protocol management, and direct market access. An OMS provides higher-level workflow, multi-day order management, allocation, and portfolio analytics. Some firms use both: OMS for workflow, EG for execution.

How does Pico's Redline Execution Gateway achieve microsecond API-to-wire latency?

Redline Execution Gateway is architected for determinism with advanced system-level optimizations, binary exchange protocols (where available), optimized data structures, tight coupling with InRush market data, and hardware-aware design for the latest Intel microarchitecture and low-latency network adapters.

How does Pico's Redline Execution Gateway handle exchange connectivity and protocol changes?

Pico maintains certifications with 100+ trading venues and provides rapid support for exchange-driven protocol changes. Updates are tested with live market connectivity and deployed without requiring changes to your trading application code.

Can Execution Gateway handle multiple clients with independent risk limits?

Yes. Execution Gateway supports multi-client deployments with per-client risk parameters, portfolio tracking, and reporting. Brokers can maintain direct and exclusive control of pre-trade risk parameters via an accessible relational database interface.

What happens if the Execution Gateway loses connection to an exchange?

The Execution Gateway includes persistent synchronization and storage. It automatically reconnects to the exchange and recovers transaction sequence state. Multi-day order state synchronization ensures open orders (e.g., GTC orders) are audited and reconciled.

Order Execution Gateway

Ultra-low latency direct market access delivering nanosecond API-to-wire performance with integrated order management, risk checks, and real-time tracking.

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API-to-wire measured in nanoseconds for latency-critical use cases

Direct market access to 100+ certified venues across equities, options, futures, and FX

Integrated pre-trade risk checks, portfolio management, and order state tracking

Normalized execution API across all venues and security types

What is an execution gateway?

An execution gateway is software that receives orders from trading applications, performs pre-trade risk checks and portfolio validation, formats orders to venue-specific protocols, submits them for direct market access, and tracks order status in real-time. Redline's Execution Gateway (EG) provides single-digit microsecond API-to-wire latency with a normalized execution API across 100+ certified trading venues.

Choose your deployment architecture

Single-server trading

Colocate EG with InRush market data and your trading application for sub-microsecond tick-to-trade performance.

Execution hub

Deploy EG as a centralized hub processing orders from multiple clients to multiple exchanges.

With pre-trade risk

Integrate comprehensive risk checks, position limits, and compliance controls inline with order execution.

Common use cases (and what you'll achieve)

Ultra-low latency algorithmic trading

Execute orders in nanoseconds from API to wire
Sub-microsecond tick-to-trade when tightly coupled with InRush market data

Smart order routing

Route orders to optimal venues based on real-time InRush market data
Ensure routing decisions use the most accurate pricing

Multi-venue market making

Real-time position tracking with advanced execution options

Broker DMA platforms

Receive client orders and process through integrated pre-trade risk
Broker-controlled risk parameters with multi-client support

High-frequency trading

Leverage binary exchange protocols where available for maximum speed
Microsecond API-to-wire latency for speed-critical strategies

Execution Gateway FAQs

Ultra-low latency order execution gateway providing direct market access to 100+ venues. Normalized API, integrated pre-trade risk, portfolio management, and nanosecond API-to-wire performance for equities, options, futures, and FX.

Start with the right architecture for your trading needs

Talk to a Redline specialist about your latency requirements, venue connectivity, deployment architecture (embedded, hub, or distributed), and integration with risk and portfolio management systems.

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