The growth of trading in the Asia Pacific markets combined with deregulation, cross-border trading and market fragmentation, has led to a notable increase in demand for smart order routing. Quod Financialâs mature smart order routing technology is already being deployed by financial institutions, taking advantage of liquidity fragmentation in the European and US markets. Quod Financial has taken the lead on this opportunity through its partnership with Singapore-based Catena Technologies.
Catena Technologies, which focuses on implementing cutting-edge technology solutions in the financial services industry, will provide sales, consulting, and support services for Quod Financialsâ products across the Asia Pacific region. Quod Financialâs Adaptive Execution Platform (AEP) with the Adaptive Smart Order Router (ASOR) application enables traders to take advantage of liquidity in multiple trading venues â such as exchanges and dark pools â minimising execution costs, increasing hit ratios and ultimately achieving Best Execution.
Ali Pichvai, CEO Quod Financial said âBoth Buy and Sell-Side organisations in Asia Pacific want to take advantage of the increasing liquidity fragmentation to gain a competitive advantage. Quod Financialâs multi-asset Adaptive Smart Order Router (ASOR) enables these organisations to accelerate their search for liquidity, increase hit ratios and reduce trading costs. The partnership with Catena Technologies provides a way for us to quickly deliver smart order routing solutions to Asia Pacific-based customers.â
âWe see major benefits from combining Catenaâs knowledge of market practices in the region and Quod Financialâs proven technology,â added Randall Duran, CEO Catena Technologies. âTogether, we will be well positioned to help our customers take advantage of ongoing liquidity fragmentation in the Asian markets, which is accelerating as new execution venues come on line and trading volumes increase. The ability to rapidly deploy and customise Quod Financialâs products will reduce customersâ time to market, providing a major competitive advantage.â