TethysAlgo Suite Provides TradingScreen Customers Broker-neutral Algos for Equities, Futures Options and FX
Tethys Technology, an industry leader in financial software development for the capital markets has announced a deal with TradingScreen, the leader in electronic trading platforms to provide its customers with Tethys' broker-neutral algorithms for equities, futures, options and FX trading.
"We are thrilled to be working with Tethys," said Mike Bailleux, Director and Head of Hedge Fund Sales, Americas. "By combining our EOMS business with Tethys' award-winning customizable trading execution algorithms, we will be able to service quantitative funds with our multi-asset, front-end and API capabilities designed for that market. Quant funds are taking more control of their execution quality and are looking for flexibility in how and when they reach various pools of liquidity depending on their strategy, concern for anonymity, costs and time horizon."
The TethysAlgo suite of algorithmic trading strategies spans across several asset classes including U.S. and international equities, options, futures and FX. Utilizing advanced quantitative logic and formulas, TethysAlgo maintains pure neutrality to all venues and brokers. Its embedded advanced statistical and game theory techniques, make these algorithms highly adaptive taking into consideration expected volume and volatility to reduce the slippage and remove the likelihood of being gamed or detected. This high-performance suite is designed to provide quality of execution to traders.
"Tethys algorithmic library is a comprehensive suite of global, broker-neutral trade execution algorithms for equities, futures, options, and FX," said Mary Cogger, Director of Operations and Sales. "We are excited to make our award-winning algorithms seamlessly available for TradingScreen clients. This joint offering will allow institutional investors to access industry-leading algorithms, while continuing to trade with their brokers of choice."
TradingScreen is the leading independent provider of liquidity, trading, and investment technology via SaaS to the financial community. TradingScreen's goal is to simplify the complexity of markets, by consolidating all investment workflows for exchange-traded and OTC instruments on a single platform. TradingScreen brings the major, global sell-side participants, leading regional brokers and the largest Buy side firms to a common environment, delivering market access, order-management, liquidity-management and investment services. The benefit to clients is an exceptional reach across counterparties, asset classes, and geography, and a full integration of services front to back. TradingScreen was named Best Sell-Side Technology: OTC Trading Initiative and Best Crossing Network Provider by WatersTechnology, in addition to winning numerous awards for best trading technology. TradingScreen provides global coverage from offices in Boston, Chicago, Frankfurt, Geneva, Hong Kong, London, New York, Paris, Singapore, Sydney and Tokyo.
Tethys Technology, Inc. is an award-winning industry leader in financial software development, algorithmic trading and market microstructure research. Since 2004, Tethys has focused on developing analytics and toolsets that allow our clients to achieve optimal trade-execution.