Quod Financial, a global trading solutions provider, has teamed up with Singapore-based technology firm Catena Technologies to offer its Adaptive Execution Platform, including its Adaptive Smart Order Router (ASOR), to buy- and sell-side firms in Asia.
Users will be able to access liquidity in multiple on- and off-exchange trading venues, taking advantage of increasing liquidity fragmentation in the region. Quod Financial’s smart order routing technology is available to financial institutions in the European and US markets.
Catena Technologies will provide sales, consulting, and support services for Quod Financial’s products across the Asia Pacific region.
According to Quod CEO Ali Pichvai, the firm’s ASOR “will help organisations to accelerate their search for liquidity, increase hit ratios and reduce trading costs”.
“Together, we will be well positioned to help our customers take advantage of ongoing liquidity fragmentation in the Asian markets, which is accelerating as new execution venues come on line and trading volumes increase,” said Randall Duran, CEO, Catena Technologies.