Market microstructure

Built for the venue you trade.

Depending on the market traded, execution can benefit from the structure of the exchange and the orders allowed on it. Liquidity and market microstructure are the leading characteristics in determining the major goals of an algorithm.

Asset-class oriented

Liquidity and market microstructure are the leading characteristics in determining the major goals of an algorithm.

Client oriented

Solutions for buy- and sell-side, investment managers, brokers, institutional clients, and prop desk traders. White-labelled on request.

Performance oriented

A high-performance platform that we use to build side-by-side to your goal, visualising each step and integrating quickly with your stack.

Execution architecture

From back-test to live in weeks.

We implement ex-novo strategies, back-test them, and report the results to the client. This is the initial filter to then implement the surrounding execution architecture.

Outsourcing

We represent an efficient and effective outsourcing alternative for your algorithmic needs — no conflict of interest because we don't trade directly.

Unique design

Bespoke algorithms, not imported — reinvented and re-adapted to different asset classes and your operating constraints.

Integration

FIX engine integration to get lower latency and interactivity with your front-end systems, your OMS, and your EMS.

Digitalisation

In the era of digital, our solution provides comprehensive reporting tools and analytics designed off-the-shelf or implemented to your benchmark and drivers.

Integration

We become an extension of your solution.

By integrating our know-how in developing algorithms into your platform, you get a competitive edge without building it in-house.

Smart DMA orders

  • Customisable DMA orders for your point-and-click workflow
  • Integrated smart DMA with sweep-to-fill
  • Reduce market impact with contingent order types and synthetic exchange orders
  • Enhance rules-based trading strategies and adapt to liquidity with icebergs

EMS solutions

  • Integrate your execution model into your customised algorithms and trading strategies
  • Manage multiple baskets of algorithms
  • Reach optimal liquidity seeking
  • Configure aggressiveness and urgency preferences

OMS solutions

  • State-of-the-art optimisation algorithms
  • Set the start and end time for each trade
  • Define maximum participation within the defined trading session

Smart order routing

  • SOR between legs, trade-at-settlements, and illiquid outrights
  • Aggressive order-flow access via simultaneous and sequential routing
  • Custom tactics for non-displayed liquidity and posting
Why it matters

Most off-the-shelf algos are imported, not invented. Ours are designed against your microstructure and your rules — the reason buy-side and sell-side firms of all sizes adopt us as their execution partner.

Let's design the right execution architecture for you.

Contact our desk