Single Stock - Firefly supports single stock trading using custom order-entry screens which allows traders to either self-direct orders or use the suite of advanced trade management algorithms. Also, single stock trades can be targeted to a portfolio or different sub-accounts.

List / Basket Trading - Simplifies the process of program trading. Baskets provide a mechanism for setting up and then executing a group of orders. Baskets can be saved and reused. They also can be generated dynamically from a portfolio as a means to trade in that portfolio, thereby facilitating moving sums of money into and out of the portfolio, rebalancing the portfolio, etc.

Venues:

• NYSE - New York Stock Exchange
• AMEX - American Stock Exchange
• CSE - Chicago Stock Exchange
• BSE - Boston Stock exchange
• ARCX - Archipelago Exchange
• INET - Instinet / Island
• BRUT - Brass
• NYFIX – Millennium and Algorithms
• ITG - POSIT
• PIPELINE
• BofA - EASE suite of Algorithms
• Third Party Brokers

Algorithms - Firefly provides next-generation algorithmic trading strategies that enable traders to meet a wide range of execution objectives in an anonymous and fully electronic fashion. Algorithmic trading strategies include:

• Arrival Price (AP)
• Volume Weighted Average Price (VWAP)
• Time Weighted Average Price (TWAP)
• Target Volume (TVOL)
• Sensitivity (SENS)
• Order Staging Model (OSM)

Options – Firefly provides Real-Time Option Quotes and access to all major Options execution venues.

• BOX - Boston Options Exchange
• CBOE - Chicago Board Options Exchange
• ISE - International Securities Exchange
• PHLX - Philadelphia Stock Exchange
• PCX - Pacific Exchange - Stock & Options