Quantitative Brokers, the fintech company that uses automated programs to execute trading orders, also known as algorithmic trading, has partnered with Genesis Global, an application development platform that targets financial markets.
In an announcement released on July 6, the collaboration will enable the two companies to enhance transparency in algorithmic trading, create more value for traders, and enable the Quantitative Brokers' clients to monitor the efficiency of their execution algorithms.
Algorithm Performance Management System
Additionally, the two companies will create a trading platform for monitoring trades in assets, such as futures, options, and US Treasury securities. Besides that, the partnership will enable the two companies to roll out customer support for its global clients, Genesis Global said in the statement.
"This collaboration enables us to deliver the next-generation platform to our clients, enabling them to efficiently and effectively achieve their goals in today's rapidly evolving financial markets," said Asset Tarabayev, the Chief Product Officer at Quantitative Brokers.
"Real-time understanding of algo performance is crucial for traders, risk officers, and the portfolio managers. Our aim is to provide them with a powerful tool that offers the visibility and the interaction they desire," Tarabayev added.
Additionally, as part of its plans to enhance transparency in automated trading, Quantitative Brokers reportedly plans to launch a performance management platform in the fourth quarter of the year. The system will be cloud-based and can be integrated into the client's existing workflows.
Headquartered in New York, Quantitative Brokers focuses on enabling futures and fixed-income traders to achieve optimum execution of their trades. Through its range of algorithms, including Bolt, Legger, The Roll and Striker, Quantitative Brokers aims to reduce the cost of automation .
Quantitative Brokers Appoints New Chair
Meanwhile, Matt O'Hara succeeded Thomas Ascher as the Executive Chairman of the Board of Directors at Quantitative Brokers in May. O'Hara is the CEO of the Americas division of Deutsche Böerse's foreign exchange trading platform , 360T.
Matt O'Hara joined 360T in 2015 from Thomson Reuters where he served as a Senior Vice President and the Head of Capital Markets for the Americas. He is expected to steer the company's growth in electronic trading.
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