Quantitative Brokers (QB), an independent provider of advanced algorithms and data-driven analytics to clients in the Futures and US Cash Treasury markets, today announced it has launched its award winning, premium execution algorithms on the Australian Securities Exchange (ASX) derivatives market. This is the first time QB algorithms have been available for trading on an exchange in the Asia-Pacific region, following the opening of QB’s regional office in Sydney late last year.
QB also launched its state-of-the-art Multi-Broker Transaction Cost Analysis (TCA) across selected ASX Futures instruments. This provides market participants such as superannuation funds, asset managers and hedge funds an independent, broker-neutral tool to measure execution quality of not only algorithmic orders, but also direct market access (DMA) and voice broker trades.
The new service will be available for ASX’s 3 and 10 Year Treasury Bond, Australian 90-day bank bill, New Zealand 90-day bank bill and S&P/ASX 200 Index Futures.
QB will provide its full suite of intelligent agency algorithms to clients trading on the ASX, including its flagship strategy Bolt (arrival price), as well as Legger (relative value) and Closer (settlement price). These algorithms are based on detailed quantitative research to achieve best execution. They are engineered to address unique market microstructure features and behaviours of the ASX Futures markets. This helps clients to reduce slippage, streamline trading workflows and quantify their best execution statistics.
Co-located within the ASX’s Australian Liquidity Centre (ALS) and leveraging low latency connections, the algorithms are accessible via all major OMS and EMS platforms as well as direct FIX connectivity, providing clients with highly convenient and advanced trading capabilities.
“We are excited to launch our algorithmic execution strategies on the ASX and provide a high level of transparency and insight with our Multi-Broker TCA. This gives new clients in the region an opportunity to optimise their execution, while remaining compliant with the Australian Securities & Investments Commission’s (ASIC) guidelines such as RG 97. At the same time the new algorithms empower our existing clients from the U.S. and Europe to trade with more edge on the ASX,” said Christian Hauff, Co-Founder and Head of APAC at QB.
“Following the launch of our Sydney office, QB continues to make headway in APAC by bringing our algorithms and Multi-Broker TCA to the ASX,” said Ralf Roth, CEO of QB. “We look forward to the next step in QB’s expansion roadmap, as we take our big-data approach to trading and apply our expertise to other APAC markets, such as the Tokyo Stock Exchange (JPX) and Singapore Exchange (SGX).”
ABOUT Quantitative Brokers
Quantitative Brokers, an independent, global financial technology company, provides advanced algorithms and data-driven analytics to clients in the Futures and US Cash Treasury markets. The company is built on a research driven culture, market microstructure know-how, and algorithmic engineering expertise. QB continually develops and innovates an evolving suite of products to reduce implicit trading costs for its clients. Headquartered in midtown Manhattan, QB has offices in London, Chennai, and Sydney.
