Beta-Gamma Research, a provider of trading algorithms and automated trading software, has launched Trigger Trader, a customisable foreign exchange trading tool suite.
Trigger Trader has a modular design, allowing its users to choose which parts of the system they want to use. Traders can use Trigger Trader to automate order flow management, monitor entry and exit points, enter deals manually, or as a market interface and control mechanism for modelling trading strategies. Users can also exercise full control over risk preferences, execution algorithms and order placement, and will have options for price aggregation, market access and performance reporting.
The tool suite’s execution algorithms include simple strategies, such as taking the best visible price or routing to multiple FX trading venues, strategies to reduce market impact, the ability to specify passive or aggressive orders and mathematical algorithms based on Bayesian time series, pattern recognition and machine-learning models.
“Trigger Trader solves a myriad of problems which trading houses encounter on a daily basis, whether the volumes are high or low, generating more profitability with less effort from the trader,” said Howard Tolman, Beta-Gamma CEO, in a statement. “Trigger Trader measures the performance of its algorithms against rate information which is attached to the trigger, and against the ‘aggressive’ rate, i.e. the rate it could have achieved in the market by simply taking the price. Live trading has consistently produced significant performance enhancements.”