Products / Execution & Distribution

Plexus

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Summary

One aggregated pool for every order.

Most corporate treasuries execute against whatever price a single counterparty happens to be showing. Plexus replaces that with a composite: streaming two-way quotes from the whole panel of liquidity providers, merged tick by tick into one best bid and offer, with every order routed to where it actually fills best.

It is the execution workspace of the QUARTIX Markets® platform - spot, forwards, NDFs, treasury bonds and agri-commodity forwards in the browser, reachable from an ERP or a TMS through the API, and deployable as a white label under an institution's own brand. EMS-grade execution without the integration project a full enterprise EMS demands.

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Benefits

Aggregated pricing, the voice channel included, every fill measured.

EMS-grade execution, without the EMS

Plexus runs in the browser and connects to the counterparty panel the desk already maintains, so composite pricing and smart order routing arrive without the integration project, the seat licences and the infrastructure a full enterprise EMS asks for. It complements bank relationships rather than displacing them.

The voice channel, on the record

A large share of treasury flow is still agreed by voice, on WhatsApp or Telegram. Plexus turns those confirmed deals into electronic records, recapping the terms and booking the trade against the same composite pricing and the same audit trail as electronic flow - so the channel people actually use stops being the blind spot in the execution data.

Every fill measured against the mid

Each order is benchmarked against the live mid at capture and again at execution, and every quote, routing decision and partial fill is logged. Slippage, fill rate, venue and provider quality come out through the API, a dashboard or a scheduled export - the raw material for judging counterparties and for reporting execution quality.

Best execution is the obligation to take reasonable steps to obtain the best available result for an order - not the best headline price alone, but the balance of price, cost, speed, likelihood of execution and settlement. In practice it is less a number than a process: define how orders are handled, apply it consistently, and keep the evidence of what happened.

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