Dash Financial, a leading FinTech company devoted to bringing unfettered transparency and institutional‑grade performance to the U.S. options and equities markets, today announced the launch of DROP360, an enhanced, real‑time drop‑copy facility delivering instantaneous transparency into the complete order routing behavior, execution behavior, costs and performance in machine readable format utilizing FIX protocol.
DROP360 enhances the Transparency Suite of services offered by Dash Financial. The service is first‑of‑its‑kind and is the latest addition to DASH360, launched earlier this year. DASH360 is a web‑delivered HTML5 transparency portal that features a groundbreaking Order Visualizer that uses animation to visualize order routing decisions and the resulting best execution performance.
“Our clients have continuously benefited from having visibility into the significant work our algos and routers do on their behalf. Clients also have a full understanding of what the results were and why via our Dash360 portal,” said David Karat, co‑founder and CMO. “DROP360 provides us with the ability to furnish clients with this depth of transparency via FIX drop‑copy.”
“Whether it’s consumed for in‑house best execution analysis, compliance or storage, we are continuously striving to advance the transparency available to the institutional buy‑side community and DROP360 is the latest advancement by Dash in this field,” commented Peter Maragos, co‑founder and CEO of Dash. “We lead the field in transparency and when you merge that with a highly customizable routing architecture you have a powerful agency solution delivering performance from the client’s point of view.”
About Dash Financial
Dash Financial is a leading trading technology provider. Its advanced, pure agency execution and analytics platform offers unmatched levels of transparency and control, empowering buy-side traders to analyze and adapt their trading strategies. Launched in 2011, Dash’s flexible and performant next-generation system was designed from the ground up to tackle the structural deficiencies inherent in today’s ever-evolving market microstructure, as well as provide the highly-trained team of experts necessary to help navigate it.
