OMT v10 PREVIEWIntroducing Orion Multi-Trader v10 Architecture — Sub-Millisecond Multi-Broker Routing, AI Strategy Diagnostics & Real-Time Volatility Surfaces.
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Orion Trading Systems
ORIONv10

Trading Systems

DOCUMENTATION, RELEASE NOTES & MARKET MICROSTRUCTURE INSIGHTS

Orion Learning Center & Knowledge Hub

Everything you need to master Orion Multi-Trader, track platform releases, and explore institutional order-flow research.

Learning Center & Quick Start Guides

OFFICIAL PDF GUIDE

Orion Multi-Trader Quick Start Guide (PDF)

Complete step-by-step orientation to workspaces, account linking, STEAM simulation, and live order routing.

Open Resource
VIDEO MODULE

Orion Multi-Trader Highlights & Architecture

Walkthrough of 3rd-generation open architecture, component linking, and multi-monitor floating workspaces.

Open Resource
OPTIONS ACADEMY

Options Trading & Streaming Greeks in OMT

Learn how to analyze Delta, Gamma, and Theta in real time and build multi-leg spreads with a single click.

Open Resource
EXECUTION GUIDE

SuperDOM Ladder & Chart Execution Basics

Master high-velocity futures and equity execution from the Depth of Market (DOM) ladder and Heiken-Ashi charts.

Open Resource
SIMULATION LAB

Simulated Trading with the STEAM™ Engine

How to test discretionary and automated Systems Tracker strategies on live market feeds with zero capital risk.

Open Resource

Platform Release Notes & Changelog

v10.0 Preview2026-10-20NEW RELEASE

Orion Multi-Trader 10.0 — Next-Gen Cloud-Native Architecture & Institutional OMS

OMT 10.0 introduces unified low-latency cloud-desktop workspace synchronization, enhanced multi-leg options volatility analytics, and expanded multi-broker automation.

  • Unified Desktop & Orion MT Cloud™ workspace state synchronization
  • Next-generation Options Analytics Matrix with multi-leg Greek risk scenarios
  • Enhanced Systems Tracker no-code strategy builder with external webhook & Excel triggers
  • New Enterprise Portal with integrated real-time CMS & broker white-label configurator
Orion Multi-Trader 10.0 — Next-Gen Cloud-Native Architecture & Institutional OMS
v9.02024-09-24STABLE RELEASE

Orion Multi-Trader 9.0 — Enhanced Options Chains, SuperDOM & STEAM™ Upgrades

Major workflow enhancements across Options Trading, Charting, SuperDOM execution, and the STEAM™ Simulated Trade Execution and Matching Engine.

  • Redesigned Quick Start workflows for Options Trading, Charting, and SuperDOM
  • Expanded STEAM™ Engine simulation fidelity across equities, options, and futures
  • Streamlined Tradier Brokerage and RJO Futures account linking
Orion Multi-Trader 9.0 — Enhanced Options Chains, SuperDOM & STEAM™ Upgrades
v8.62022-03-29ARCHIVE

Orion Multi-Trader 8.6 — Multi-Stage Exits, Heiken-Ashi Charts & FX/Crypto Sim

Orion Multi-Trader 8.6 adds multi-stage exit orders, spread order enhancements, better integration of external order sources (e.g. Excel), and paper trading capabilities for FX and crypto.

  • Multi-stage exit orders and advanced spread order execution enhancements
  • Seamless integration of external order sources including Microsoft Excel
  • STEAM™ paper trading expanded to Foreign Exchange (FX) and Digital Assets (Crypto)
  • New Heiken-Ashi chart type and customizable OCO/OTO orders for Tradier customers
Orion Multi-Trader 8.6 — Multi-Stage Exits, Heiken-Ashi Charts & FX/Crypto Sim
v8.52021-12-15ARCHIVE

Orion Multi-Trader 8.5 — Full Browser Trading for PC & Mac

With the release of Orion Multi-Trader 8.5, the full power of Orion Multi-Trader is available via a web browser for PCs and Macs alongside external order source tools.

  • Browser-based access to Orion Multi-Trader for both Windows PCs and Apple Macs
  • External order source integration tool for systematic workflows
Orion Multi-Trader 8.5 — Full Browser Trading for PC & Mac

News, Press Releases & Market Microstructure Blog

News & Press2021-10-13

Orion Trading Systems and NavigationTrading Announce Customization & Distribution Partnership

Orion Multi-Trader offers a frictionless customer experience and embeds NavigationTrading's approach to education and trading. • By Orion Press Desk

Orion Trading Systems and NavigationTrading announce the launch of a customized edition of Orion Multi-Trader (OMT) pre-configured with NavigationTrading workspaces and commission-free Tradier execution.

Lansing, MI — Orion Trading Systems, a developer of leading-edge trading software for active traders, and NavigationTrading, an options trading education firm, announce the launch of a customized edition of Orion Multi-Trader (OMT) for NavigationTrading members.

The customized offering embeds NavigationTrading's methodology directly into pre-configured OMT workspaces, including built-in SEME and MESO strategies, real-time options Greeks, and commission-free equity and options routing through Tradier Brokerage.

News & Press2021-06-30

Orion Trading Systems Releases Orion MT Cloud™, Bringing Full Multi-Asset Power to the Browser

Orion MT Cloud is the next step in Orion’s journey to make leading-edge trading tools available to all traders on PC and Mac. • By Orion Press Desk

Leveraging the desktop version of Orion Multi-Trader, Orion MT Cloud offers brokers, educators, and traders a broad suite of multi-asset trading tools directly in the browser.

Lansing, MI — Orion Trading Systems announces the availability of its web-based trading solution, Orion MT Cloud™. Leveraging the desktop version of Orion Multi-Trader, the world’s most open trading platform, Orion MT Cloud offers brokers, educators, and traders a customizable browser experience across Windows and macOS.

Brokers and educators can deploy everything from a full-featured institutional multi-asset desk to a streamlined, white-labeled interface tailored to less complex workflows—dramatically lowering support and onboarding costs.

Market Microstructure Blog2021-04-13

Why It’s Not So Simple When You Hit the Trade Button (Parts 1–3)

An inside look at institutional order handling, routing, execution quality, and Payment for Order Flow (PFOF). • By Franklin Gold (Interview with Jay Owen, ex-Fidelity Order Flow Manager)

Franklin Gold interviews Jay Owen, former order flow manager at Fidelity Investments, on how retail, RIA, and family office orders are routed, evaluated for execution quality, and impacted by market microstructure.

Part 1: Order Handling & Routing Architecture — When an active trader clicks 'Buy', institutional order flow teams evaluate liquidity venues, speed, price improvement, and fill probability across competing market centers.

Part 2: Strategic Venue Due Diligence — Execution quality requires continuous monthly scorecards, latency auditing, and rigorous statistical review of effective-over-quoted spreads.

Part 3: Understanding Payment for Order Flow (PFOF) — How wholesalers and exchanges share economics with brokerages, and why transparent execution analytics matter for sophisticated options and multi-asset traders.

News & Press2020-11-08

RJO Futures Offers Orion Multi-Trader Powered by dxFeed Consolidated Market Data

R.J. O’Brien’s private client division brings Orion Multi-Trader and dxFeed data to active futures traders. • By Orion Press Desk

Chicago-based R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the U.S., offers Orion Multi-Trader powered by dxFeed.

Chicago-based R.J. O’Brien & Associates (RJO) announced that its private client division, RJO Futures, is offering Orion Trading Systems’ flagship platform, Orion Multi-Trader, powered by dxFeed’s consolidated market data feed.

News & Press2020-12-21

Orion Trading Systems Elects Former RJO Futures Executive Director Donna Heidkamp to Board

Deep futures industry expertise accelerates Orion’s institutional and brokerage growth. • By Orion Press Desk

Donna Heidkamp, former Executive Director of RJO Futures, joins the Board of Directors of Orion Trading Systems.

Lansing, MI — Orion Trading Systems is pleased to announce the election of Donna Heidkamp to its Board of Directors. As Executive Director of RJO Futures, Donna led all customer marketing, sales, and operations for R.J. O'Brien's private client division.

Client Testimonial2020-11-08

Multi-Broker Ag & Equity Index Futures Execution on a Single Screen

Testimonial from Active Ag & Equity Futures Trader 'Max' • By Max — Agricultural & Equity Index Futures Trader

“Being able to watch my grain spreads, equity index futures, and equity options side-by-side across multiple accounts without switching platforms has transformed my daily execution.”

Active agricultural and equity futures traders rely on Orion Multi-Trader to link charts, SuperDOM ladders, and multi-account blotters into a single cohesive workflow.

Frequently Asked Questions & System Requirements

Orion MT Editions

What is the difference between the various editions of Orion Multi-Trader?

We offer tailored editions depending on how you trade: Broker-sponsored editions (such as Tradier Brokerage, RJO Futures, Lightspeed, Straits Financial, and NavigationTrading) and direct dxFeed Orion MT subscriptions (Standard $50/mo, Advanced $125/mo, and Pro $300/mo). You can run Orion on Windows Desktop or directly in your browser via Orion MT Cloud™.

Orion MT Editions

What assets can I trade with Orion Multi-Trader?

Orion Multi-Trader was architected from the ground up to trade Equities (Stocks & ETFs), Equity & Index Options, Commodity & Financial Futures, Options on Futures (FOPs), Foreign Exchange (Forex), and Digital Assets (Crypto)—all simultaneously within the same workspace.

Orion MT Editions

Is there a free trial or simulated trading mode available?

Yes! A two-week trial is available, and every edition includes Orion’s STEAM™ (Simulated Trade Execution and Matching) Engine so you can paper-trade stocks, options, futures, FX, and crypto driven by live market data without risking capital.

System Requirements & Cloud

Can I use Orion Multi-Trader on an Apple Mac as well as Windows PC?

Yes. While the native multi-monitor OMT Desktop application runs on Windows 10/11 (8GB+ RAM recommended for multi-monitor setups), Orion MT Cloud™ delivers the full power of Orion Multi-Trader inside any modern web browser on both macOS and Windows with zero installation.

System Requirements & Cloud

Can I install Orion MT on more than one computer?

Yes, you may install Orion Multi-Trader on multiple machines (for example, an office workstation and a travel laptop), with one concurrent active session per license.

Getting Started & Connectivity

How do I connect my existing brokerage account or choose a market data feed?

Simply log into the Orion Customer Portal (launch.orionmt.cloud) to configure your broker credentials (Tradier, RJO, Lightspeed, Straits, Advantage, High Ridge, CQG, or Rithmic) and market data feed (such as dxFeed). Toggle between STEAM™ Paper Trading and Live Trading right from the login screen.