Cowen Launches European-Tailored Suite of e-Trading Algos

Cowen Inc. announced this Tuesday that it has launched its full suite of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term seeking and execution products in Europe via the company’s UK-headquartered business platform - Cowen Execution Services Limited (CESL).

Cowen is a diversified financial services firm that provides sales, trading, and prime brokerage services. The company’s British business platform is a multi-asset Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that provides execution services across global markets.

The firm's platform has been optimized for Europe, with an algo suite that mirrors the company’s product in the United States. According to a statement published by the firm, the platform also provides non-conflicted routing, as Cowen is not an SI, and it doesn’t operate an MTF.

Commenting on the launch, Dan Charney, Co-President, Cowen and Company, said in the statement: “Cowen is the only full service, non-bulge investment bank and agency equity trading platform with premier research and execution services that remains unconflicted and singularly focused on client outperformance."

“Our US clients have benefited from the fact that we are 100 percent aligned with their execution needs and have access to trading algorithms that support venue liquidity and price analysis, parent/child order performance, anonymity, and critical aspects of order execution practices.”

Cowen: algos can be tailored to client needs

Adding to this, Matt Cyzer, CEO, CESL, continued: “Cowen’s unique trading products are derived through quantitative research focused on market microstructure, portfolio execution optimisation, anti-gaming, short term alpha modeling, and execution optimisation, among other factors."

“In addition, our algos can be tailored to specific client needs. Our entire approach is best execution that is unconflicted with post-trade analysis to ensure constant evolution against ever changing market structure. We are extremely pleased to bring forward a full suite of these capabilities, specifically tailored for the European market.”

The diversified financial firm has been actively expanding its presence in Europe. As Finance Magnates reported, the company appointed Jamie Niven to the role of head of EMEA distribution for CESL last year.