Fixed income and futures algo specialist Quantitative Brokers has integrated its algorithms and DMA tools into REDI’s execution management platform.
The deal means REDIPlus users will have access to Quantitative Brokers’ BOLT and STROBE algorithms for trading futures, and web-based transaction cost analysis reports.
BOLT targets arrival price based on balancing passive and aggressive fills, while STROBE aims to beat VWAP and TWAP benchmarks using maturity specific volume, volatitlity and quote size forecasts.
Commenting on the deal, Christian Hauf, CEO and co-founder of Quantitative Brokers, said: “We are constantly looking for ways to stay ahead by refining and enhancing our independent best execution and TCA services. By joining forces with an industry leader like REDI, we can more rapidly address the growing demand for better execution in the fixed income and futures marketplaces.”