Quantitative Brokers upgrades options on futures execution algorithm

Rick Steves

QB’s Striker offering currently supports Treasury and Eurodollar Interest Rate Options on Futures – with plans to expand to other asset classes soon.

new-york-city

Quantitative Brokers has come forward with its enhanced options on futures algo, Striker, a broker-neutral solution for futures markets.

QB is a leading provider of advanced execution algorithms and data-driven analytics for global futures and options and OTC Fixed Income markets. In December 2020, Deutsche Börse acquired a majority stake in QB.

Striker allows customers to participate in exchange increments, but the upgrade is a two-in-one-algo that allows professional traders to algorithmically seek out, display, and trade in-between minimum exchange tick increments.

The options on futures solution was first launched in April 2020 as a best execution agency algo for options on futures, incorporating both real-time cointegration and implied pricing calculations to determine fair value.

On top of that, the algorithm employs QB’s dynamic passive and aggressive child order placement logic, transparently displayed in QB’s complementary Transaction Cost Analysis (TCA) platform.

Christian Hauff, Co-Founder and CEO at Quantitative Brokers, said: “QB has created a completely different kind of algo. Since the release of Striker last year, the QB team has conducted further quantitative research and development to detect and capture price improvement by leveraging the complex microstructure of the listed options market. Striker 2.0 provides traders the ability to dynamically trade exchange tick increments and capture true Fair Value between minimum tick increments, automating a laborious, time-consuming critical function.”

QB’s Striker offering currently supports Treasury and Eurodollar Interest Rate Options on Futures – with plans to expand to other asset classes soon.

Striker is accessible through the numerous OEMS platforms that QB is integrated with, including QB’s proprietary application on the Bloomberg App Portal.

Quantitative Brokers is headquartered in New York and has offices in London, Sydney, and Chennai, as it caters algos products for both central limit order books and OTC liquidity streams accessible via all major execution and order management systems used by the buy-side, banks, and brokerage houses.

QB provides advanced algorithms and data-driven pre- and post-trade analytics to clients in the Futures, Options and interest rate markets.

The firm has recently expanded in the Asia Pacific region by launching its suite of execution algorithms on the Singapore Exchange (SGX) derivatives market.

The addition of SGX is part of QB’s expansion across the Asia-Pacific region. The Sydney office was opened in late 2018 ahead of launching its services on the Australian Securities Exchange (ASX) derivatives exchange.

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