TESS™ is a Software as a Service (SaaS) offering for trading venues, giving practically instant access to proven trading and surveillance technology on a subscription basis − whether you’re setting up a new trading venue or replacing legacy technology.

The full-service concept gives you the flexibility to add capacity and functionality on demand with a usage-based pricing structure. The subscription fee covers software, services and hardware and there are no major startup costs. It allows you to start small and grow quickly while keeping your own organization lean and focused on business.

Tess is a full-service concept: the standard service (green) offers a hosted and managed TRADExpress Trading System on a subscription basis, with a wide range of preconfigured add-ons (blue).

TESS’ core is the multi-asset TRADExpress Trading System, used in demanding equities, commodities and derivatives markets. While accommodating advanced business functionality, it delivers market-leading performance in terms of speed and throughput.

The standard service includes a full trading system for one asset class of your choice. It covers the most common market models and trading functionality: a transparent, order-driven market with continuous trading and opening/closing auctions, and real-time market data distribution. Order types included are: day, limit, market, Fill and Kill (FaK), and Fill or Kill (FoK) orders.

Extension possibilities

TESS can easily be extended with predefined add-ons and shaped to support your needs and growth. With time it can, if required, be migrated to a licensed solution, enabling customer-unique adaptations.

The add-ons cover:

• Additional asset classes
• Additional business functionality
• Market surveillance
• On-demand up-scaling of capacity