orderportefeuilles

Orderportefeuilles, Dutch for “order portfolios,” refer to a structured collection of trading orders assembled for execution across assets and venues. They are used by traders, portfolio managers, and execution desks to manage how orders are sent to markets and counterparties.

A typical orderportefeuille includes individual order entries with instrument, side, quantity, price or price guard, order type, time-in-force, routing destination, and identifiers for tracking and settlement. The aim is to organize orders to improve execution quality, transparency, and post-trade reporting, while enabling risk controls and compliance checks before submission.

The lifecycle starts with creation and pre-trade risk checks, then routing and execution across venues or counterparties, with updates and possibly partial fills until completion. Such portfolios are commonly managed within an order management system (OMS) or execution management system (EMS) and may support algorithmic strategies like TWAP or VWAP, as well as discretion on routing and pacing.

Governance and risks include latency, market impact, slippage, best execution requirements, and compliance with record-keeping and audit trails. The concept is distinct from a traditional investment portfolio of holdings; instead, it is a temporary container for orders awaiting execution.

In practice, a trader might assemble an orderportefeuille spanning multiple assets and venues and submit it to the OMS for optimized routing, monitoring, and eventual settlement.