Quantitative Brokers (QB), specialists in advanced execution algorithms for futures, options, and OTC fixed-income markets, has announced a strategic alliance with Genesis Global, a low-code application development platform for financial markets organisations. The collaboration aims to advance algorithm transparency, boost trader productivity, and establish a personalised algorithm performance monitoring platform tailored to QB’s clients’ specific needs.
In partnership with Genesis, QB will develop a next-generation order monitoring system, designed to improve real-time management and proactive support services for thousands of client orders across the globe. The system will be central to QB’s client support and trading teams, offering data visualisation on trade execution performance across multiple asset classes, including futures, options, and US Treasuries. The system will deliver real-time alerts on algorithmic performance compared to client benchmark parameters and supply detailed analytics to effectively interpret algorithm behaviour.
Asset Tarabayev, Chief Product Officer at QB, commented: “This collaboration enables us to deliver a next-generation platform to our clients, enabling them to efficiently and effectively achieve their goals in today’s rapidly evolving financial markets. Real-time understanding of algo performance is crucial for traders, risk officers and portfolio managers. Our aim is to provide them with a powerful tool that offers the visibility and interaction they desire.”
Stephen Murphy, CEO and co-founder of Genesis Global, added, “Monitoring and analysing the performance of complex trading algorithms illustrates the power of the Genesis platform. The platform can deliver the customizable user interfaces required for monitoring and process the volume of data required for real-time analytics and performance measurement. We are delighted to be working with Quantitative Brokers on this innovative solution.”
In line with QB’s focus on algorithm transparency, the company plans to make the enhanced algorithm performance management platform available to clients in Q4 2023. It will offer sophisticated algorithm monitoring, fulfilling client demand for real-time analytics, including child order execution prices, slippages, and participation rates. The cloud-based, web-native solution will leverage desktop interoperability technologies for easy integration into existing client workflows.
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