Lime furthers algo partnership with BestEx Research
Score Priority Corp. , which owns Lime and which is a company for the retail and institutional trading community, announced today that it was furthering its existing partnership with BestEx Research, a company that focuses on execution algorithms.
Lime is the trading division of Score Priority and it was acquired by Score at the end of 2020. Since the acquisition, Lime has increased the size of its engineering team with the intention of providing high-class technology to its customers which includes systematic traders, proprietary trading groups, asset managers and other financial services groups.
This furthering of the partnership with BestEx would provide all these groups and traders with access to the top line equity execution algorithms which they can customise to their varied needs.
“We go much further than anyone else in minimising execution slippage”, said Hitesh Mittal, Founder and CEO of BestEx Research. “Our order placement logic models the volatility, liquidity, spread and depth of each stock to maximise spread capture and minimise adverse selection and market impact. Unlike most brokers who offer heuristic-based algorithms, we build our algorithms using a systematic approach, backtesting them against months of tick data and refining them before they trade a single order.”
BestEx Research’s in-house technology helps Lime’s clients to trade efficiently as well as anonymously across a variety of exchanges and avenues. Combined with Lime’s low-latency trading infrastructure, the partnership signifies Lime’s emphasis on customisation and innovation on behalf of systematic traders and the larger institutional trading community.
“I’ve worked with Hitesh for many years, and I know our collective objectives align in delivering high-quality products to the trading community,” Score Priority CEO Tony Huck said. “Our relationship with BestEx can only grow, as we continue to innovate, develop, and tailor the resources available to our clients.”
BestEx Research is known for combining its high-speed and efficient algorithms with a user-friendly dashboard which helps its users to customise the various algos as per their needs. It is a cloud-based platform and it’s broker-neutral as well which helps it to combine with a variety of platforms and brokers like Lime.
The combination of these two is expected to provide its users with a wide range of choice of algorithms and with more and more companies vying for the attention of the investors, it remains to be seen who will rise out of all this and manage to capture the attention of their users and also maintain them as well.
