Quantitative Brokers (QB), an independent provider of advanced execution algorithms and data-driven analytics for futures and U.S. Cash Treasury markets, announced the launch of a first-ever, intelligent algorithm for options on futures markets. Striker joins QB’s suite of award-winning best execution algorithms: Bolt, Strobe, Legger, Closer, Octane and The Roll.
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Striker is the first dynamic agency algorithm for options on futures markets that incorporates both realtime cointegration and implied pricing calculations to determine fair value. The strategy also employs QB’s industry-leading, dynamic passive and aggressive child order placement logic. Striker transactions are also seamlessly displayed in QB’s complementary Transaction Cost Analysis (TCA) platform, another industry first.
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“In an unprecedented time, with the CME floor closed due to the current global crisis with COVID19,” said Christian Hauff, Co-Founder and CEO of QB. “We are thrilled to bring this much needed solution to the market which has been seeking an intelligent and purpose built agency algorithm for the options on futures market. We look forward to continuing to fill this need on global exchanges as QB continues to expand.”
QB is committed to providing cutting edge trading solutions through its premium execution algorithms and analytics. QB’s innovative suite of products aims to help reduce implicit trading costs and solve execution workflow challenges for its global, institutional clients. The new algorithm further pushes the boundaries of what is possible with electronic execution by entering the options on futures markets.
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