Dash Financial, a leading institutional trading technology, execution and analytics provider devoted to bringing unfettered transparency and superior performance to the U.S. options and equities markets, today announced that Dash360, its real-time transparency solution, has been named “Best New Technology Product – Trading and Execution” at the FOW (Futures & Options World) International Awards.
“The Dash platform best appears to capture the new face of trading. Its focus on the network topology and performance characteristics of getting an order from the end customer to the execution venue takes a bold step towards transparency and openness.” – FOW International Awards Judge
Dash360 delivers instantaneous transparency into order routing, execution behavior, costs and performance using HTML5-based animations to visualize order routing decisions and the resulting best execution performance. Functioning as a trading dashboard, the platform shows all aspects of an orders lifecycle in both visualized and non-visualized data formats, including routing information, execution detail, order-book reconstruction, venue analysis and exchange reconciliation. As a companion, Dash also offers Drop360, which provides all of the Dash360 data in a machine readable (FIX drop-copy) format.
Commenting on the award, Dash CEO Peter Maragos said: “It’s obviously extremely gratifying to be recognized by the industry in this way, and a testament to the tremendous effort put forth by our entire team. From the moment we launched Dash in 2011, one of our guiding principles has been to provide 100% transparency into every aspect of every order. Dash360 took that to the next level by introducing advanced visualizations and powerful analytics to compliment this real-time data suite, and we’re very proud that it’s been selected as a winner in the FOW International Awards.”
The awards, presented last night at a ceremony in London, are designed to recognize the pioneers of the global derivatives market across a range of categories and disciplines. A panel of distinguished judges from throughout the industry selects the winners, and Dash360 was unanimously selected as the top entrant in its category.
In selecting Dash360 as the winner, one judge wrote: “My number one choice is Dash360. This platform best appears to capture the new face of trading. Its focus on the network topology and performance characteristics of getting an order from the end customer to the execution venue takes a bold step towards transparency and openness. That, in my mind, not only reflects a willingness to open up the ‘black-box’ of order routing, but also indicates the correct focus of value-add for a modern broker. I would be surprised if this product did not lead to a significant change in the value proposition of many other brokers.”
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.
