The Challenge:  

Brokers want to offer customizable algos to their clients without having an internal Quant Team to manage and build the algos. Additionally, specific customers may desire 'personalized experiences' in how algos behave, necessitating customization of these algos after their creation and application to particular clients or use cases. (See OMRv2 - Algo Wheel)

• Businesses lack Quant Teams or the available time to design and build algos.
• The relative return on investment for customizing algos is very low compared to the high cost of development. Yet, customers still expect differentiated offerings.
• Routing flow to white-labeled Tier 1 algos does not provide differentiation.
• Full algo platforms are extremely costly to operate and often still require Quant Resources.

The Solution:

Quod Algo Builder - a configuration engine that enables real-time creation and configuration of algos for use in the Quod OMS or external OMS systems.

• The Algo Builder can create and customize a selection of pre-existing strategies, including TWAP, VWAP, PoV, Peg, IS, and many more.
• Algos can be customized in seconds using a wide range of parameters that influence the behavior of the strategy under different conditions.
• The configuration is both intuitive and simple, allowing traders or BAs to build and deploy algos in seconds without concerns about performance.
• All parameters are tested and deployed under RTS-6, ensuring that behaviors and combinations of behaviors can be used without fear of unexpected behaviors.

The Quod Algo Engine provides a simple and intuitive interface for building a suite of client-owned algo trading behavior, as well as configuring white-label algos for risk transfer execution of strategies.

The Benefits:

The overall benefits of this solution include:

• A powerful, low-cost, low-maintenance algo solution.
• A totally customizable offering for end clients without the need for a Quant Team.
• Industry-leading algo behavior and IP.
• Constant improvements within the tool with no volumetric costs or broker charges.
• Integration with Algo Wheel to automate client flow based on real-time conditions.