WJB Capital Group, Inc. Selects
Lava's ColorPalette; Lava's Order Management System
to Support WJB's Trading Platform
"We reviewed several major OMS
providers and were impressed with ColorPalette's
leading-edge technology and Lava's industry reputation for speed, intelligence
and reliability," said Craig Rothfeld, Chief Operating Officer, WJB Capital Group, Inc. "We are committed to enhancing the information, technology
and efficiency needs our customers require and are confident that Lava's OMS
facilitates this objective."
ColorPalette is a sector-based trading and
order management solution, designed as a high-throughput, fully automated
system for managing institutional and retail customer orders. Its features
include streamlined regulatory handling of current rules for all capacity orders,
customer order crossing and internalization management, open architecture with
standard and strategically-placed APIs, complete trade risk management, and TraderIntelligence(TM), a dynamic order-based query.
After an extensive search of
several OMS providers, Lava's technology and superior track record proved best
suited to assist WJB Capital Group, Inc. in the creation of a trading platform that will
provide their customers with superior execution and advanced trading
capabilities in equity securities. In addition, Lava worked closely with WJB Capital Group, Inc. in constructing this global execution platform to provide market
access, order management and routing capability across multiple markets while
simultaneously limiting access to sensitive customer information and restricting
routing capability in strict adherence to NYSE rules and regulations.
"We are pleased to count WJB Capital Group, Inc. among our growing number of ColorPalette
clients," said Richard Korhammer, CEO, Lava
Trading Inc. "Lava is committed to developing high-performance trading
solutions and we are confident that ColorPalette will
provide WJB with significant improvement over traditional order management
systems."
About WJB Capital Group, Inc.
WJB Capital Group, Inc. is a privately
held institutional broker-dealer and a Member of the NYSE, NASD & SIPC.
Headquartered in
About Lava Trading Inc.
Headquartered in