Algorithmic Trading 2008 directory
| Company | Description of Service | What algorithms does your firm provide? | What types of orders are offered around your algorithms? | Approximate category breakdown of clients | Do you offer algorithms in other asset classes? If so which asset classes? | Are your algorithms available internationally? If so, which markets? | Is pre or post trade analysis available? | Through which OMS's do you connect? | |
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| Abel Noser Corp Abel Noser Trading Services Chris Corwin 1-800-344-0954 ccorwin@abelnoser.com www.abelnoser.com | Agency trading model combining leading trading analytics and tools with personal service. Our goal is to produce measurably superior execution results for our clients. | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Small Order, Scaling, Pegging, Discretion, Spread (Pairs) Trading, Market on Close, Manage the Close | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve | Broker/Dealers: NA, Hedge Funds: 10%, Mutual Funds: 90%, Proprietary trading desks: NA | No | No | Pre-Trade analysis is available to our clients thru our Trade Compass software. Our industry leading post trade analysis is offered thru our Trade Zoom application | Proprietary OMS and GL Trade |
| Aegisoft AthenaTrader Steve Oppenheimer 212-651-9464 soppenheimer@aegisoft.com www.aegisoft.com | Aegisoft is the developer of AthenaTrader™, a broker neutral, multi-asset, algorithmic execution management system (EMS). AthenaTrader supports proprietary traders who write their own algorithms and strategies, buy-side desks seeking best execution with minimal impact, sell-side market makers or agency brokers executing orders on behalf of clients. | VWAP, TWAP, Arrival Price, Pegging, Discretion, DMA/Smart Order Router, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Switching Algorithm, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: 30%, Hedge Funds: 20%, Mutual Funds: NA, Proprietary trading desks: 50% | Equities, Futures, Foreign Exchange | Yes | Yes | |
| Alphacet Discovery Robert Huntsman 203-352-6990 sales@alphacet.com www.alphacet.com | Alphacet Discovery is the only complete Straight Through Processing platform for advanced quantitative strategy development and deployment. Alphacet Discovery seamlessly connects to leading market data vendors and market database partners, and provides advanced codeless financial modeling tools that allow “on the fly” programming, back testing, walk forward and capability to push live—all through a revolutionary drag & drop interface. | VWAP, TWAP, Target Volume, Arrival Price, Index Arbitrage, Portfolio Algorithm, Percent of Volume, Crossing Aggregator, Spread (Pairs) Trading, | Limit order, Constraints, Stop market, Stop limit, Trailing stop, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | All asset classes | All markets | Pre-trade analysis is available. | Alphacet Discovery connects to any system that uses the FIX protocol. |
| Bank of America Electronic Algorithmic Strategy Execution (EASE™) Curtis Pfeiffer 646-855-7310 curtis.pfeiffer@bofasecurities.com www.bofa.com/ets | EASE, Banc of America Securities’ algorithmic suite, offers a variety of strategies including Fusor™, our proprietary liquidity aggregator that reduces your market impact and preserves anonymity. The EASE offering provides greater efficiency, execution capability and customization across its algorithmic strategies. | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Scaling, DMA/Smart Order Router, Crossing Aggregator, Market on Close, Manage the Close, Ambush®, Instinct® | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Single-stock, Market on open, Market on close, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | Yes, a Futures TWAP and Options via InstaQuote. | No. | Yes | Advent Moxy® Aegis Software Block Orders Bloomberg Charles River IMS Electronic Specialist EXX Eze Castle Software EZX Fidessa Flextrade InfoReach InstaQuote® Instinet ITG’s Macgregor XIP™and Triton® Knight LAVA Linedata Services – LongView Trading MIXIT Neovest NYFIX FIXTrader® Peresys Portware Rapter Trading Systems RealTick® REDIPlus Reuters Sungard Thomson Financial Trader Force Tradeware Global TradingScreen UNX |
| Barclays Capital LMX Barclays Capital Electronic Sales 212-526-1130 www.barclayscapital.com | LMX® is the Barclays Capital global suite of model-driven order execution strategies, providing convenient automated execution for equities, futures, FX, and options. | Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, Switching Algorithm, Custom Algorithms | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Probing - Crossing Order Type, | Broker/Dealers: 10%, Hedge Funds: 30%, Mutual Funds: 60%, Proprietary trading desks: NA | LMX algorithms are available for equities, futures, FX, and options. | LMX covers 33 markets in 22 countries across North America, Europe, and Asia. | Pre-trade analysis is available for single stock and portfolio orders through SSE (Single Stock Environment) and PWB (Portfolio WebBench) applications. TradeGauge is Lehman's industry leading product for TCA and post-trade analysis. | RealTick, EzeCastle, Charles River, Macgregor, Bloomberg, Advent Moxy, Linedata, FlexTrade, ITG Triton, LatentZero, Neovest, Portware, TradingScreen, and others. |
| Bloomberg Tradebook Bloomberg Tradebook Ken Napolitano 1 212 617 3464 knapolitano@bloomberg.net www.bloomberg.com | Bloomberg Tradebook is a leading global agency broker used by institutional traders, broker-dealers, hedge fund managers, market-makers and portfolio managers worldwide. The BLOOMBERG TRADEBOOK® service provides a comprehensive front-to-back execution, clearing and settlement solution for equities, futures, options and FX instruments. Founded in 1996, Bloomberg Tradebook is a leading electronic consolidator of global liquidity, offering its global customer base with trading solutions in over 60 global markets via eight offices on five continents. Many leading buy-side institutions and broker-dealers have come to rely on Bloomberg Tradebook’s commitment to customer service and unique blend of innovative trading algorithms and algorithmic trading strategies to help them seek best execution on one integrated platform. | Crossing Aggregator, Spread (Pairs) Trading, Market on Close, B-SMART(SM), HIDE&SWEEP, HIDE&FIRE, etc | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Probing - Crossing Order Type, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | Equities, Futures, Options, FX | Algorithms are available in over 60 markets world wide. Equities: AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHI-X CYPRUS CZECH REPUBLIC DENMARK ESTONIA FINLAND FRANCE GERMANY GREECE HONG KONG HUNGARY IRELAND ITALY JAPAN LATVIA MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY POLAND PORTUGAL SINGAPORE SOUTH AFRICA SOUTH KOREA SPAIN SWEDEN SWITZERLAND TURKEY UNITED KINGDOM VIRT-X Futures: CBOT CME MONTREAL NYMEX NYBOT GCBOT CFE MEFFM MDX LIFFE PARIS AMSTERDAM BRUSSELS EUREX MILAN ICE OSLE SSTE SFE OSEX TSEX HKFE KOREA SGX TFX FX 41 currency pairs | Yes | Bloomberg & most 3rd party OMSs |
| BNP Paribas GEAR Punit Mittal +813 6377 3465 punit.mittal@bnpparibas.com | With a history of quantitative modelling and algorithmic trading, BNP Paribas offers clients superior trading tools.Our proprietary suite of algorithms, GEARTM, offers different strategies designed to: 1. Reduce market impact 2. Target numerous benchmarks and improve performance 3. Add efficiency and consistency to the trading process 4. Optimize trading cost using technological environment of Smart routers and BNP Paribas Internal eXchange (BIX) | Spread (Pairs) Trading, Market on Close, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Market on open, Market on close, | Broker/Dealers: 10%, Hedge Funds: 20%, Mutual Funds: 70%, Proprietary trading desks: NA | N/A | BNP GEAR is available for most of the DMA markets across US, Europe and Asia. | YES | Bloomberg, Tora Trading, Trading Screen, RealTick, GL, Fidessa, Eze Castle etc |
| Citi Citi Global Algorithmic Trading Strategies Tim Reilly 212-723-7302 eesales@citi.com | Citi strategies are fully integrated into all major OMS and EMS platforms. Citi's Dagger algorithm delivers a wide breadth of "dark only" to highly aggresive execution options. All Citi algorithms access the Citi Match Crossing Network. | Crossing Aggregator, Market on Close, Manage the Close, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Pegging, Single-stock, Market on open, Market on close, Reserve, Probing - Crossing Order Type, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | N/A | Citi offers algorithmic trading strategies across Europe, Asia, and Australia | Yes. The Citi BECS Transacation Cost Analysis product suite is a market leading pre trade analytics platform. | Citi algorithms are available across all major OMS platforms. |
| ClariFI ModelStation Jen Kohler 857-383-5614 jkohler@clarifi.com www.clarifi.com | ClariFI, a Standard & Poor's Capital IQ business, provides software and services focused exclusively on helping investment management professionals decrease the time it takes to research, test, and put into production their alpha generating strategies. ClariFI counts four of the top five largest investment managers in the world, hedge funds of all sizes, and proprietary trading desks at leading brokerage firms and banks as its clients. ClariFI's clients experience reduced operational risk, decreased time-to-market for their strategies, and a significant competitive advantage. | Many of the above algorithms are utilized through our investment management software. | Broker/Dealers: NA, Hedge Funds: 30%, Mutual Funds: 60%, Proprietary trading desks: 10% | Performance analytics and reporting, Pre-Trade Cost Analysis,Transaction Cost Analysis, Portfolio Optimization, Support multi-classes | yes | n/a | n/a | |
| CMA CMA AlgoTrader Paulo Sergio Camolesi 55 11 3053-2712 pcamolesi@cma.com.br www.cma.com.br | CMA AlgoTrader is a sophisticated variety of systems (CMA Algorithmic, CMA Xtrader and CMA RoboTrader) that utilizes algorithms to execute orders in real time for multi-asset types. | VWAP, TWAP, Portfolio Algorithm, Percent of Volume, Delta Hedge, Spread (Pairs) Trading, Best Offer | Limit order, Market order, Constraints, Discretion, Stop market, Stop limit, Trailing stop | Broker/Dealers: 80%, Hedge Funds: 10%, Mutual Funds: 10%, Proprietary trading desks: NA | All asset classes. | All markets. | Pre and post analysis are available. | CMA OMS and others international OMS FIX providers. |
| Credit Suisse AES - Advanced Execution Services Manny Santayana (212) 325-5300 manny.santayana@credit-suisse.com http://www.credit-suisse.com/ib/en/equities/aes.html | AES: Award winning provider of global multi-asset algorithmic solutions. | VWAP, TWAP, Target Volume, Arrival Price, Index Arbitrage, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, Gamma Hedge, Delta Hedge, Pegging, Discretion, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, Switching Algorithm, Customizations | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | YES. AES provides algorithmic solutions for Equities, Options, Futures, and Foreign Exchange. | YES. All. | YES | ALL |
| Deutsche Bank autobahn® Equity Thomas Chippas +1-212-250-3988 edma_support@list.db.com http://autobahnequity.db.com/ | autobahn® Equity offers a suite of customized proprietary trading content and analytic solutions enabling clients to trade on over 50 exchanges world wide. Order routing capabilities include DMA, single stock or portfolio trading algorithmic strategies. Our range of algorithms offers an optimal balance of exposure and protection via conditional strategy parameters. | Crossing Aggregator, Market on Close, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Probing - Crossing Order Type, | Broker/Dealers: NA, Hedge Funds: 50%, Mutual Funds: 50%, Proprietary trading desks: NA | autobahn® Equity currently supports equity trading. | Yes. autobahn® Equity is available in over 55 markets globally. | Yes, trade analysis is available. | autobahn® Equity is available in over 40 OMS and EMS systems. |
| Fidelity Capital Markets Services MTRX® (Model Trade Execution) Matthew Kennedy (888) 595-0589 Matthew.Kennedy@fmr.com fidelitycapitalmarkets.com | Leverage our quantitative experience when you use the sophisticated trading algorithms available from Fidelity Capital Markets Services' electronic brokerage team. | VWAP, TWAP, Target Volume, Scaling, Market on Close, Switching Algorithm, I Would, Liquidity Seeking, Implementation Shortfall | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Single-stock, Market on close, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | No | No | Yes | Townsend Analytics RealTick Neovest Bloomberg EMS and SSEOMS Fidessa Workstation NYFIX TeamTrader EzeCastle TraderConsole ITG Triton, Radical, Macgregor XIP Charles River Trader Latentzero Minerva Sungard Transaction Network AFA (Advanced Financial Applications) Sterling Financial Systems Advent Moxy REDI (In progress) Fidessa EMS |
| Fidessa BlueBox Martin Hakker +1 212 269 9000 usenquiry@fidessa.com www.fidessa.com | Fidessa BlueBox is the only algorithmic trading system that is integrated with a full service OMS. BlueBox offers traders both a suite of industry acknowledged models and a comprehensive framework to design and deploy proprietary algorithms that can be adjusted to take advantage of market opportunities as they arise. BlueBox includes Benchmark Strategies and Execution Strategies. | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Scaling, Delta Hedge, Pegging, DMA/Smart Order Router, Spread (Pairs) Trading, Cap/Floor Price, Discretion, Risk Arbitrage, Statistical Arbitrage, Dark Arrival, Stealth, Corporate Buy-back, Exit Price, Spotlight, Pounce, Ladder & Mid-max | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, List trading, Baskets & Pairs. | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | Fidessa BlueBox is available in the US, Canada, Europe and Asia. | Yes | Fidessa | |
| FlexTrade Systems, Inc. FlexTRADER Sales 516-627-8993, Ext. 2 sales@flextrade.com www.flextrade.com | FlexTRADER is the industry's first broker-neutral, quantitatively enriched execution management system (EMS) that encompasses all facets of electronic and algorithmic trading. Trusted globally by hedge funds and leading institutions on the buy-side and sell-side, FlexTRADER seeks and facilitates direct access to multiple sources of liquidity with incomparable robustness and speed. From a single platform, orders are routed automatically to various points of execution, including NYSE MatchPoint, BIDS Trading, Chi-X Canada, more than 100 broker-dealers, as well as all leading ECNs and primary exchanges. | VWAP, TWAP, Target Volume, Arrival Price, Index Arbitrage, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, Gamma Hedge, Delta Hedge, Pegging, Discretion, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, Switching Algorithm, Auto FX Hedging, Cap/Floor Price, Slicer, Risk Arbitrage, Statistical Arbitrage, Order Staging, Sensitivity | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, List Trading Baskets | Broker/Dealers: 30%, Hedge Funds: 30%, Mutual Funds: 20%, Proprietary trading desks: 20% | FX, Options and Futures | Yes. Our algorithms are globally covering North America, Europe, Africa, Middle East and Asia. | Yes. | MacGregor, Longview, Lava Trading, Eze Castle, DST Int., Charles River, Bloomberg, Advent/Moxy. |
| Fox River Technologies The Fox Mike Schutt 630-482-5132 mikes@foxriver.com TheFoxChallenge.com | The Fox is a revolutionary algorithmic execution engine that is designed developed and continouslyre-molded by tradersand for traders. When you are ready to start using the number one ranked algorithmic trading platform, contact us. | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Small Order, Delta Hedge, Discretion, Spread (Pairs) Trading, Market on Close, Manage the Close, Switching Algorithm, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | No | No | Yes | Redi, Lava, Bloomberg, Spreadsheet and others |
| Goldman Sachs Goldman Sachs Electronic Trading gset-news@gs.com www.gs.com/electronictrading | Goldman Sachs Electronic Trading offers a global, multi-asset suite of algorithms that includes equities, ETFs, futures, synthetics and options. By trading with Goldman Sachs, clients gain access to a range of resources, including pre-, intra-, and post-trade analytics, transaction cost analysis and execution strategy consulting. Twenty-four hour seamless global support provides continuous service across North America, Europe and Asia. | VWAP, TWAP, Target Volume, Arrival Price, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: 10%, Hedge Funds: 50%, Mutual Funds: 30%, Proprietary trading desks: 10% | Yes, we offer algorithmic strategies for Equities, Options, Futures and Synthetics. | We access over 85 markets globally across North America, Europe, and Asia. | Goldman Sachs' suite of analytics provides the tools needed to trade more efficiently, improve performance and reduce transaction costs. Pre-, intra- and post-trade analytics, as well as a team of execution consultants, will help you optimize your trading. | We connect to all major OMS providers and can offer custom solutions via FIX. |
| InfoReach, Inc. InfoReasch TMS Sales 212-269-2722 sales@inforeachinc.com www.in4reach.com | InfoReach TMS is a cutting-edge multi-asset portfolio trading solution. The product is pre-built with custom algorithms, transaction cost analytics and a multitude of other features including interactive charts. | VWAP, TWAP, Target Volume, Arrival Price, Index Arbitrage, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, Gamma Hedge, Delta Hedge, Pegging, Discretion, DMA/Smart Order Router, Spread (Pairs) Trading, Market on Close, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: 20%, Hedge Funds: 40%, Mutual Funds: 20%, Proprietary trading desks: 20% | FOREX | Yes | Yes | Charles River, Eze Castle, GL Trade, Fidessa, etc |
| Instinet Instinet Exeuction Experts John Comerford, Global Head of Trading Research 415-445-3805 john.comerford@instinet.com www.instinet.com | Instinet Execution Experts are advanced execution strategies that offer opportunistic, event-driven algorithmic trading within a sophisticated risk-controlled framework. The Experts are based on a modular platform, with execution strategies built from underlying agents that perform specialized functions within the broad categories of aggregation, scheduling and implementation. | VWAP, TWAP, Target Volume, Arrival Price, Portfolio Algorithm, Percent of Volume, Pegging, Discretion, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, | Limit order, Market order, Constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: NA, Hedge Funds: 60%, Mutual Funds: 40%, Proprietary trading desks: NA | Currently, Instinet's algorithms are available only for cash equities. | Yes, Instinet offers algorithms in all major North America, European and Asian markets. | Instinet offers pre-, post- and real-time trade analysis | Advent Beauchamp Bloomberg Charles River Eze Castle Flextrade Indata Linedata ITG Macgregor LatentZero InfoReach Neovest Portware Sungard Trading Screen |
| Investment Technology Group, Inc. (ITG) ITG Algorithms SM, ITG Routers SM 866.244.4766 info@itg.com www.itg.com | ITG Algorithms SM are trading models that integrate ITG pre-trade analysis and post-trade measurements to generate executions aimed at reducing market impact, maximizing execution quality, and improving trading productivity and performance. ITG's comprehensive approach delivers all the productivity benefits of automation, but builds in the control needed to achieve best execution. ITG Algorithms and ITG Routers offer access to rich liquidity pools, including POSIT®, other ATSs, ECNs, and exchanges. | VWAP, TWAP, Target Volume, Arrival Price, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, Pegging, Discretion, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, Slicer, Cap/Floor Price, Order Staging Model, Sensitivity | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Probing - Crossing Order Type, List trading, Baskets | Broker/Dealers: 40%, Hedge Funds: 20%, Mutual Funds: 40%, Proprietary trading desks: NA | No | Yes. ITG Algorithms are available in Canada, Europe, and Asia. | Yes, both pre- and post-trade analysis is available. | Portware, , Neovest, Macgregor XIP, Linedata, Latent Zero, Indata, FlexTrade, Eze Castle, Charles River, Bloomberg, Advent/Moxy, Electronic Specialst (ESP), Inforeach, RediPlus, Trading Screen, Brass, Tradeware, Real Tick, Instinet |
| JPMorgan Electronic Client Solutions David Conner, Head of ECS Sales 212-622-4854 david.a.conner@jpmorgan.com http://www.jpmorgan.com/pages/jpmorgan/investbk/solutions/equities/ecs | JPMorgan's Electronic Client Solutions team provides a comprehensive suite of electronic execution products to institutional clients, including direct market and algorithmic access, pre and post trade analytics as well as a variety of algorithmic trading tools and services. | Crossing Aggregator, Spread (Pairs) Trading, Manage the Close, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, | Broker/Dealers: NA, Hedge Funds: 30%, Mutual Funds: 60%, Proprietary trading desks: 10% | No | Yes; Austria, Australia, Belgium, Denmark, Finland, France, Germany, Hong Kong, Italy, Japan, Korea, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom | Yes | Neovest, Bloomberg, Charles River, Decalog, Eze Castle, FlexTRADER, ITG Triton, LatentZero, LongView Trading System, ITG XIP, Moxy, Portware Professional, Reuters IOE, EZX, Fidessa, Trading Screen, Traderforce, Simcorp, Townsend Analytics Real Tick, Tethys |
| Knight Capital Group EdgeTrade Algorithms Bill Cronin 972.865.0413 bcronin@knight.com www.knight.com | Knight offers innovative algorithmic trading solutions with EdgeTrade, a recognized industry leader in developing agency-only algorithmic trading strategies which encompass smart order execution technology and liquidity-seeking benchmark and participation algorithms. | VWAP, TWAP, Target Volume, Arrival Price, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, Pegging, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Market on Close, Manage the Close, Sumo, Covert | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Pegging, Single-stock, Market on open, Market on close, Reserve, Probing - Crossing Order Type, | Broker/Dealers: 30%, Hedge Funds: 50%, Mutual Funds: 20%, Proprietary trading desks: NA | No. | No. | TCA tools are available | EdgeTrade connects to most OMS systems and provides custom connectivity to proprietary OMS systems when required. |
| Lek Securities Corporation ROX Michael Mainwald 212-509-2300 mike@leksecurities.com www.leksecurities.com | LSC is known for ROX®, an order management system that allows clients to electronically access the market center of their choice. ROX® also supports algorithmic trading and many arbitrage strategies, like ADR and ETF arbitrage, pairs trading, and list management. LSC is a full service clearing firm servicing hedge funds, market makers and other professional traders. | VWAP, TWAP, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, Pegging, Discretion, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Spread (Pairs) Trading, Market on Close. | Limit order, Market order, Ability to speed up or slow down at different constraints, Pegging, Single-stock, Market on open, Market on close, Reserve. | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | Yes, foreign markets available where applicable (generally North America). | Yes | Various-Please contact us for a list. | |
| Lightspeed Trading Lightspeed Gateway Andrew Actman 646.393.4810 Aactman@lightspeedtrading.com http://www.lightspeedtrading.com/ | Lightspeed Gateway offers the most dynamic black-box development solution to traders who depend on high performance direct-market access. From standard features like order entry and data retrieval, to the speed benefits of co-location and a character-delimited protocol, Lightspeed Gateway has redefined the technology behind the algorithmic trading. | We do not offer pre-formatted Algos. Each automated trader accessing the market via Lightspeed Gateway gets the same low latency, reliable connection to allow the most control in tailoring an algorithm to best fit a trading strategy. | Limit order, Market order, Pegging, Single-stock, Market on open, Market on close, Reserve, | Broker/Dealers: NA, Hedge Funds: 20%, Mutual Funds: NA, Proprietary trading desks: NA | US Equities | Post Trade reporting facilities are available | Lightspeed Gateway's own proprietary OMS | |
| Mizuho Securities Equity Algorithmic Trading Anthony Brooker +81 3-3516-9847 etsales@mizuho-sc.com | Mizuho Securities provides a range of algorithmic strategies to suit various trading objectives. Proactive electronic sales trading is offered to enhance your execution performance, and analysis is available through our post trade tools. Pre trade analytic tools to optimize portfolios and execution strategies are currently in development. | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Small Order, Pegging, Discretion, DMA/Smart Order Router, Custom Algorithms | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | Futures | Currently: Japan. Development Phase 1: Australia, Hong Kong, Singapore, Korea, Taiwan. Development Phase 2: Thailand, Malaysia, New Zealand, India. | Post trade analysis is available. Pre trade tools to optimize portfolios and execution strategies are currently in development. | Bloomberg, Portware, ITG Triton, Tora, Metabit, Macgregor, EzeCastle, Charles River, NRI, QUICK, TradingScreen, Reuters, GL Trade, InfoReach, NYFIX, AutEx, FlexTrade, Linedata, LatentZero, InfoReach, and others. |
| Morgan Stanley MS Benchmark Execution Strategies (BXS) Morgan Stanley Electronic Trading 212-761-MSET (8653) mset-na@morganstanley.com www.morganstanley.com/mset | Morgan Stanley Electronic Trading provides a complete spectrum of services from pre-trade analytics, execution, post-trade execution performance analysis and commissions management. We offer a comprehensive algorithmic trading suite and various direct market access (DMA) strategies, including our smart order routing technology and our dark liquidity pool aggregator. Our Passport(SM) execution management system provides seamless access to trade portfolios, single stocks, ETFs, options, futures, swaps, and foreign exchange. We also offer Delta Hedging, Gamma Hedging, Contingent and Pairs Trading Tools and a customizable API. | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Scaling, Gamma Hedge, Delta Hedge, Pegging, Discretion, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, Switching Algorithm, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Probing - Crossing Order Type, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | ETFs, Swaps, Options, Futures and Foreign Exchange. | Yes, we offer our complete suite of algorithms in the following markets: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Korea, Netherlands, Norway, Portugal, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, UK and US. We also offer DMA in the following markets: Czech Republic, Hungary, India, Mexico, Poland and Turkey. | Morgan Stanley Analytics offers pre and post trade information. | Advent Moxy, Bloomberg, Brass, Charles River, ESP, Eze Castle, Fidessa, FlexTrade, GL, InfoReach, ITG, Instinet, Knight, Latent Zero, Lava, Linedata, Moxy, Nirvana, Neovest, ORC, Paladyne, Portware, Radianz, Tethys, AutEx, Townsend Realrick, Tradeware, Trading Technologies, TradingScreen, Ullink and VisualTrader. |
| Neonet Inc. Neonet Execution Services Greg Treacy 201-526-8600 greg.treacy@neonet.com www.neonet.com | Neonet offers a proprietary trading system with both Neonet and third party algos, focusing on the European and Asian markets. Neonet's algorithms can also be accessed via over 30 alternative systems | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Pegging, Discretion, DMA/Smart Order Router, Spread (Pairs) Trading, Market on Close, | Limit order, Market order, Constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, | Broker/Dealers: 20%, Hedge Funds: 40%, Mutual Funds: 30%, Proprietary trading desks: 10% | This is Neonet's strength and focus. We offer an algorithmic solution with desk support across Europe and Asia. Our algos are and will access all liquidity pools in Europe. | Yes, via our Neonet Trader system. | We connect to most if not all of the OMS's out there, and have certified with new partners very quickly. Easiest to visit our website at: www.neonet.com under execution services for a complete list | |
| Nomura ModelEx Thomas Bourgeois 44 (0) 207 103 0013 electronic.eu@nomura.com www.nomura.com | ModelEx is Nomura’s market leading algorithmic trading suite. The strategies are available to both Nomura trading desks and directly to clients and have an established track record of competitive execution performance. ModelEx is fully interactive and allows traders to adjust orders during the execution process. The algorithms are grouped into eight areas: Core, Tactical, Conditional, Portfolio, Dark, Guaranteed, Futures, Custom. | Crossing Aggregator, Spread (Pairs) Trading, Market on Close | Limit order, Market order, Market on open, Market on close | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | Equities, Futures, Options, Equity vs Futures pairs. | All major European, Asian and U.S. markets. | TradeSpex is Nomura’s comprehensive pre, post and intra-day analytics suite for global equities, ADRs and ETFs. With graphical and tabular descriptions of intraday volumes, spread and volatility measures, and impact cost vs. execution risk for several trade horizons, TradeSpex empowers the buy-side with accurate assessments of market conditions over the trading day. | Bloomberg, Fidessa EMS, Fidessa Minerva, EZX, Eze Castle, Flextrade, Inforeach, Triton, Radical, Macgregor XiP, Neovest, Newport 3, Perfix, Peresys, Portware, Realtick, Thomson Reuters RTEx, Sungard GL Trade, Traderforce, TradingScreen, Charles River, Decalog, Linedata Longview, Simcorp, Tora, Metabit, QuickTrader. |
| Nomura Research Institute, Ltd. Trading Meister Ray Nakano +81 3-5857-1900 m-nakano@nri.co.jp http://www.nri.co.jp/english/index.html | "Trading Meister" includes an algorithm engine and a customer interface, which enables efficient development of algorithms and screens. We provide all of the functions needed for an automatic trading system in a package, which allows you to concentrate on those operations that directly relate to your business, such as development of trading expertise and new algorithms. We also provide some template algorithms such as VWAP, TWAP, Arrival Price, Short Sell, and so on. New algorithms can be easily recorded by adding components and changing component combinations. | VWAP, TWAP, Arrival Price, Percent of Volume, Pegging, Market on Close, Short Sell, Contingent | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Stop market, Stop limit | Broker/Dealers: 100%, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | No. | Japanese Tokyo Stock Exchange | Yes. | Technically any OMSs can be connected. Contact us for more information. |
| Numis Securities Numis Alternative Execution Richard Bateson 00 44 2072601379 aed@numiscorp.com www.numiscorp.com | Numis offers a full front to back algorithmic and portfolio trading service that rivals large broker dealers. With our access to multiple liquidity sources, our Mid cap trading expertise and our pioneering quantitative trading methods, Numis have the tools to provide a top tier execution service. | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Scaling, Pegging, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Spread (Pairs) Trading, Market on Close, Manage the Close, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Pegging, Single-stock, Market on open, Market on close, Reserve, Probing - Crossing Order Type, Dynamic Limit, Sector Peg | Broker/Dealers: NA, Hedge Funds: 20%, Mutual Funds: 70%, Proprietary trading desks: 10% | Global reach. | Yes. With pre and post trade analysis available for both single stock and portfolios on a real time basis Numis Securities provides our clients with cutting edge tools to increase efficiency, performance and reduce transaction costs. Our proprietary impact cost model allows our algorithms to re-optimise on a real time basis. We offer bespoke web based pre, intra and post trade analytics with fully interactive advice available from our designated trading desk and financial engineering team. | Numis algorithms are available across all major OMS platforms. | |
| NYFIX, Inc. NYFIX Algorithms Brian Carr, CEO of NYFIX Millennium 646-525-3000 marketing@nyfix.com www.nyfix.com | NYFIX's suite of algorithms provides traders with ready-made as well as customized trading strategies. NYFIX provides broker-dealers and institutional investors with a suite of strategies designed to improve trading performance, streamline workflow, and optimize a trader's focus. | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Pegging, Discretion, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Corporate Buyback | Limit order, Market order, Constraints, Discretion, Pegging, Single-stock, Reserve, Probing - Crossing Order Type, | Broker/Dealers: 80%, Hedge Funds: 10%, Mutual Funds: 10%, Proprietary trading desks: NA | No. | No. | NYFIX's FIXTrader, RealTick, multiple proprietary OMSs, and any FIX compliant OMS/EMSs including Portware, Neovest, ITG's Macgregor XIP, LongView, Lava Trading, LatentZero, Indata, Flextrade, Ezecastle, Charles River, Bloomberg, Arrowhead, Advent | |
| Orc Software Orc Trading Orc Americas Sales 212-507-0000 / 312-541-4180 sales_americas@orcsoftware.com www.orcsoftware.com | Orc Software (SSE: ORC) is a global provider of powerful solutions for the worldwide financial industry in the critical areas of advanced derivatives trading and low latency connectivity. | Spread (Pairs) Trading, Market Making | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop | Broker/Dealers: 20%, Hedge Funds: 30%, Mutual Funds: NA, Proprietary trading desks: 50% | Futures and options | 100+ markets around the world | N/A | N/A |
| Portware Portware Enterprise Sales 212-425-5233 sales@portware.com www.portware.com | Portware LLC is the financial industry's leading developer of broker-neutral, automated portfolio trading software for global equities, futures, options and FX. Portware provides highly integrated solutions to streamline workflow and increase operational efficiencies on trading desks worldwide. | VWAP, TWAP, Target Volume, Arrival Price, Index Arbitrage, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, Gamma Hedge, Delta Hedge, Pegging, Discretion, DMA/Smart Order Router, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, ETF Arb, ETF Market Making, Index Arb | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: 20%, Hedge Funds: 40%, Mutual Funds: 30%, Proprietary trading desks: 10% | Portware supports domestic and international equities, listed options, FX and Futures. | Yes, Portware is a global trading solution. Our algorithms can be deployed in any market and we provide access to any broker, ATS, exchange or execution venue worldwide. | Yes. Portware integrates with over 10 providers of pre and post trade analytics packages and seamlessly integrates these analytics into real-time trading blotters. | Portware has pre-certified connections to every OMS provider. |
| Pragma Securities Pragma@Weeden David Margulies 203-862-4564 dmargulies@weedenco.com www.weedenco.com | Pragma@Weeden is the result of a partnership between Pragma Financial Systems, a leading developer of trading algorithms, and Weeden & Co., a premier institutional equity brokerage firm. Pragma@Weeden provides clients with a powerful algorithmic trading platform that delivers superior execution. Our advantage comes from our mathematically rigorous estimation and optimization of execution cost and risk, including consideration of alpha decay, use of a clean covariance matrix for portfolio level correlative effects, and use of intra-day volume and volatility patterns. By optimizing the tradeoff between risk and cost, Pragma@Weeden algorithms are a natural extension of your stock selection process. And our ONEPIPE Liquidity Management System brings together more than 30 passive liquidity sources into a single, best execution platform. | VWAP, TWAP, Target Volume, Arrival Price, Portfolio Algorithm, Percent of Volume, Small Order, Discretion, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Liquidity Management Strategy | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Single-stock, | Broker/Dealers: NA, Hedge Funds: 40%, Mutual Funds: 50%, Proprietary trading desks: 10% | N/A | Developed Europe and Canada will be available in Q1 - 2009. | Pre-Trade, Post-Trade and Real-Time trade analysis are available to our clients. | Linedata, Eze Castle, XIP, |
| Pragma Securities TradeEngine Rod Covlin (212) 777-0052 covlin@pragmafs.com www.pragmafs.com | Pragma TradeEngine® is our next-generation algorithmic trading platform. It provides a full suite of the most sophisticated algorithms available anywhere in a robust, high-performance platform. The full power of Pragma TradeEngine® can be deployed as a broker-neutral turnkey algorithmic trading software system. A private installation allows clients to benefit from our industry-leading suite of algorithms while enjoying an unparalleled degree of control, anonymity and cost-efficiency. | Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Liquidity Hunter, Adaptive | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Single-stock, | Broker/Dealers: 40%, Hedge Funds: 30%, Mutual Funds: 20%, Proprietary trading desks: NA | Yes; through customizable web-based portal. | AFA, Bloomberg, BBRG, Charles River, ESP, Fidessa, Flextrade, Inforeach, ITG Triton, Knight, Latent Zero, Linedata, Longview, Mixit, Neovest, Portware and ThinkLink. | ||
| Progress Apama Progress Apama Algorithmic Trading Platform Chris Martins 781-280-4726 apamainfo@progress.com www.progress.com/apama | Progress Apama offers a platform enabling both sell-side and buy-side firms to create their own unique trading strategies both for signal generation and execution. Rather than "black box" algorithms, the Apama platform offers tools that allow traders to themselves build strategies that leverage their own unique trading ideas. | Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, Switching Algorithm, Virtually any algorithm is available or can be build on the Apama platform | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, Apama supports strategies embracing all the above. | Broker/Dealers: 40%, Hedge Funds: 30%, Mutual Funds: NA, Proprietary trading desks: 30% | Apama supports trading in equities, foreign exchange, futures and options, and fixed income. Apama can also be used to build strategies for commodities trading. | Apama has a worldwide presence and is avialble in both North and South America, Europe, Middle East and Asia. We have clients in all those geographies. | Both can be built into the Apama logic. | Information about Apama connectivity, whether to market data sources or OMS/EMS platforms is continually growing. Please check the Progress Apama site at www.progress.com/apama (Connectivity) for updated information. |
| Quanthouse QuantFACTORY Lise Ceglia +33 1 73 02 32 26 ceglia@quanthouse.com www.quanthouse.com | Rationalize the way you research, develop, backtest and execute trading models with QuantFACTORY suite of products, the QuantHouse .NET development framework. With QuantFACTORY, optimize your lead time to market deploying new trading models developed in industry standard languages such as C# or any .NET compatible languages. | VWAP, TWAP, Target Volume, Arrival Price, Index Arbitrage, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, Gamma Hedge, Delta Hedge, Pegging, Discretion, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, Switching Algorithm, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: 10%, Hedge Funds: 40%, Mutual Funds: 10%, Proprietary trading desks: 40% | Any asset classes | yes any markets expect OTC | yes | Any using FIX Protocol, others using custom Plug in |
| RBC Capital Markets RBC Accel Geoff Gregoire 212-618-3367 geoff.gregoire@rbccm.com http://www.rbcgps.com/ | RBC Quants provides a full proprietary suite of Algorithms and Advanced Order Types designed specifically for the Canadian and US markets. | Crossing Aggregator, Spread (Pairs) Trading, Market on Close, | Limit order, Market order, Ability to speed up or slow down at different constraints, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: 10%, Hedge Funds: 50%, Mutual Funds: 10%, Proprietary trading desks: 30% | Options and Futures | US and Canada | Yes | ITG Triton, Bloomberg, Portware, Trading Screen, Linedate Longview, Eze Castle, Charles River, Advent Moxie, Mixit, Tomnsend Realtick, Thomson Reuters, Fidessa Latentzero, Neovest, Flextrader, Inforeach, GL Trade, Fidessa |
| Rosenblatt Securities Inc. Rosenblatt Execution Algorithmic Logic (REAL) Scott Burrill, CFA or Joe Gawronski 212-943-5225 sburrill@rblt.com or jgawronski@rblt.com www.rblt.com | Rosenblatt Securities is an innovative agency-only execution firm providing clients with access to best-of-breed algorithms that give the trader customized solutions and real-time interactivity. In addition, we advise clients on the appropriate type of algorithms to select consistent with their overall investment process through the application of our Rosenblatt Integrated Transaction Analytics (RITA) product. | VWAP, TWAP, TVOL, Arrival Price, Percent of Volume, Liquidity Algorithms, Market on Close, Manage the Close | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Probing - Crossing Order Type, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | No | Yes, developed markets. | Yes via our proprietary suite of analytics. | In addition to all FIX-compliant OMS’s we can accept FTP or flat files. |
| RTS Realtime Systems RTD Tango www.rtsgroup.net | RTD Tango, an event-based automated algorithmic trading system, enables users to code, deploy and test thousands of trading strategies simultaneously. It is a multi-exchange, multi-asset solution that handles complex multi-layer algorithmic trading strategies and is suitable for a broad range of industry professionals and business models. | VWAP, TWAP, Target Volume, Arrival Price, Index Arbitrage, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, Gamma Hedge, Delta Hedge, Pegging, Discretion, DMA/Smart Order Router, Crossing Algorithm Accessing Internal, Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, Switching Algorithm, Build your own algorithms rather than using standard strategies | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: 10%, Hedge Funds: 40%, Mutual Funds: 10%, Proprietary trading desks: 40% | It is a multi-exchange, multi-asset solution that handles complex multi-layer algorithmic trading strategies. | RTD Tango is a an event based algorithmic system that allows users to code, test and deploy trading strategies. The flexibility of the system allows a trader to create strategies without in depth programming knowledge. Using a proprietary language based on an Excel macro language, enriched with hundreds of trading components and syntactical check of strategy code, traders and programmers can reduce the market turnaround cycle for their trading strategies. | Yes | RTD Tango is a client-server-based application that is fully integrated into RTS Realtime Systems Group’s infrastructure/OMS to minimize internal latency for market data and execution. Order processing and performance are dynamically improved to respond to sensitive, high-speed trading styles. |
| StreamBase Systems, Inc. StreamBase StreamBase Sales +1 781-761-0866 sales@streambase.com www.streambase.com | With StreamBase’s Complex Event Processing software, hedge funds, mutual funds, pension funds, and other asset management firms can rapidly test, build, and deploy low-latency algorithmic trading applications. | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | ||||||
| Sturdivant & Co. Sonic James Campanella 800 486 1515 jcampanella@sturdivant-co.com Sturdivant-co.com | We provide a variety of algorithms that fit all of our client needs. The biggest service we provide is the experience and trading knowledge of our desk to not only be involved in the daily trading using the algo but having a professional trader interacting with the market as well. | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Small Order, Scaling, Pegging, Discretion, DMA/Smart Order Router, Market on Close, Manage the Close, Switching Algorithm, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: 100%, Proprietary trading desks: NA | No | yes | Yes | Nyfix and Tradeware |
| SunGard Brass Algorithms Paul Cashman 201-779-8443 paul.cashman@sungard.com www.sungard.com | Algorithms and Smart Order Routing | Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: 50%, Hedge Funds: 30%, Mutual Funds: 20%, Proprietary trading desks: NA | NO | NO | Yes | Brass |
| Tethys Technology, Inc. Execta EMS Sales 212-509-5600 Sales@TethysTech.com www.TethysTech.com | Tethys Algorithmic Suite uses our proprietary modeling for superior performance. Features in this model include a short term alpha model and dynamic volume and volatility predictions. Our algorithms reside within each strategy for on the fly parameter adjustments. | VWAP, TWAP, Target Volume, Arrival Price, Index Arbitrage, Portfolio Algorithm, Percent of Volume, Small Order, Scaling, Gamma Hedge, Delta Hedge, Pegging, Discretion, DMA/Smart Order Router, Spread (Pairs) Trading, Market on Close, Manage the Close, Switching Algorithm, Option Spreads, Options Market Making, FX Hedge and Custom | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: 20%, Hedge Funds: 30%, Mutual Funds: 30%, Proprietary trading desks: 20% | Yes, options, futures and FX. | Yes, North America, Europe and Asia. | Yes and Real-Time | Major including Charles River, Beauchamp, McGregor. |
| Thomson Reuters NewsScope / Machine Readable News Richard Brown +1 646 223-5205 richard.w.brown@thomsonreuters.com www.thomsonreuters.com | Comprehensive portfolio of Machine Readable News feeds and analytic services for algorithmic usage including ultra-low latency news distribution, sentiment analysis, event indices, and news archives | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | ||||||
| UBS Investment Bank UBS Algorithms Matt Scoble (NY) Ross Hutcheon (SF) (NY) 212-713-9605 (SF) 415-352-5606 wwww.ubs.com/directexecution | UBS's algorithms are smart, subtle and self-adaptive, designed to dynamically react to real-time market events to help achieve best execution. All strategies are customizable and tailored to each market center. UBS Tap, for example, is a self-adapting algorithm that seeks liquidity as quietly as possible in both displayed and non-displayed markets based on your urgency settings and parameters. Tap analyzes real-time market conditions to proacctively find liquidity while minimizing information leakage. All our algorithms are backed by our deep, diverse liquidity pool, advanced smart-router and real-time analytics: The UBS Price Improvement Network provides extraordinary crossing opportunities through UBS PIN Cross, our internal, natural-only crossing network (half of which is retail) and UBS PIN ATS, our broader non-displayed liquidity pool that combines all UBS US Equity order flow and algo trading flow from our external liquidity providers. Our smart router quickly adapts to the fast changing market structure in order to maximize price improvement and minimize signaling. UBS Fusion provides real-time, interactive analysis of all your orders. | Crossing Aggregator, Spread (Pairs) Trading, Market on Close, Manage the Close, Perimeter | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | Our algorithms are available for options and futures trading. | UBS algorithms are available in the Unites, States, Europe and APAC. | We provide real-time pre- and post-trade analysis through UBS Fusion, our trading analytics platform. With real-time analysis, clients get continuously updated information while orders are still active. | • Charles River Development • Linedata • Eze Castle • AFA • Macgregor XIP • Advent Moxy • LatentZero • ITG Triton • Trading Screens • Fidessa • LavaX • Bloomberg EMS • Realtick • Neovest • Portware • Flextrade • Tethys Technologies • Inforeach • UNX • Think Or Swim |
| UNX, Inc. Advanced Market Access (AMA) Bryce Whiting 858-362-0213 bryce.whiting@unx.com www.unx.com | UNX’s execution platform is an evolutionary approach to interacting with the increasingly complex market microstructure and has been designed for traders who need precise control and measurement of their order-flow. Packaged as a set of configurable, integrated tools, UNX is able to provide tailored solutions that enhance any part of the trading process. Through this unique building-block approach to technology, UNX works to empower traders through partnership and collaboration with their clients. | VWAP, Arrival Price, Percent of Volume, Small Order, Pegging, Discretion, DMA/Smart Order Router, Market on Close, | Limit order, Market order, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, | Broker/Dealers: 10%, Hedge Funds: 80%, Mutual Funds: 10%, Proprietary trading desks: NA | UNX currently specializes in the US equity markets. | UNX currently specializes in the US equity markets. | Our compontentized approach to algorithm construction allows us to provide a very unique Functional TCA which allows measurement at every level of granularity within the UNX execution fabric. | The UNX execution platform interfaces with any FIX-compliant OMS. We have completed certifications with all of the major vendors. |
| Wachovia Securities WATS Ed Gonzalez 212-214-6180 wats.group@wachovia.com | Wachovia Automated Trading Solutions (WATS) offers a full suite of algorithms the covers the spectrum from stealth to aggressive participation, while using sophisticated short-term price and volume forecasting. | VWAP, TWAP, Target Volume, Arrival Price, Percent of Volume, Scaling, DMA/Smart Order Router, Market on Close, | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Market on open, Market on close, Reserve, | Broker/Dealers: 10%, Hedge Funds: 40%, Mutual Funds: 30%, Proprietary trading desks: 20% | N/A | We offer our Algorithms in the U.S. and Europe for U.S. Equity Trading only at this time. | Pre and Post Trade is available | FlexTrade, MacGregor XIP, Triton, EzeCastle, Bloomberg, BRASS, REDI, PortWare |
| Xelink Alfred Attipoe info@xelink.eu www.xelink.eu | XeLink is a company specialized in financial markets and technologies, offering hosted, zero-latency and advanced trading services to professional institutions. | VWAP, TWAP, Target Volume, Percent of Volume, Small Order, Scaling, Pegging, DMA/Smart Order Router, Spread (Pairs) Trading, Market on Close, Manage the Close, Switching Algorithm, any algorithm is available or can be build on the Apama platform | Limit order, Market order, Constraints, Ability to speed up or slow down at different constraints, Discretion, Pegging, Single-stock, Market on open, Market on close, Reserve, Stop market, Stop limit, Trailing stop, Probing - Crossing Order Type, any algorithm is available or can be build on the Apama platform | Broker/Dealers: NA, Hedge Funds: NA, Mutual Funds: NA, Proprietary trading desks: NA | equities, foreign exchange, futures and options, fixed income and commodities trading. | European markets |
