Sell-Side Technology Awards 2020: Best Sell-Side Automated Trading Platform—Tethys Technology

Tethys Technology picked up the award for the best automated trading platform at this year’s Sell-Side Technology Awards, thanks to its Sellside Solutions offering, breaking FlexTrade’s three-year stranglehold on the category. The company’s global trading solution is a low-latency, multi-asset class, algorithmic trading platform. TethysEMS, TethysOMA, and TethysAlgo were combined to create the offering, which encompasses intra-dealer center connectivity and a cloud-based algorithmic trading suite. “There are several execution management system (EMS) and order management system (OMS) offerings in the market, and the niche we’ve focused on since the company was founded was all about automation in the sense that we saw where things were heading,” explains Nitin Gambhir, founder and CEO of New York-based Tethys Technology.

The TethysEMS platform supports FIX, API and manual order flows and enables clients to trade global equities, futures, options and foreign exchange, in addition to supporting cross-asset algorithmic trading functions. Gambhir says the company has developed templates that cater to a wide variety of investment strategies. “Most investment managers today have complex strategies, which might include trading pairs, trading baskets and trading different assets like options,” he says.
Tethys facilitates strategies for various investment styles, which can be deployed immediately or customized according to clients’ preferences. According to Gambhir, for any form of automation to succeed, there are two parts to the formula: The first step is to automate the workflow, while the second pertains to the quality of the results obtained on the back of automated and optimized workflows. “Automation doesn’t only mean that your workflows are automated; it should also result in the trading outcomes that you can measure properly so that you can calibrate and benchmark them,” he says.
Since 2014, the company has sought to incorporate machine learning into its execution algorithms with the aim of predicting short-term volatility, volume and alpha. According to Tethys, the models implemented in the last six years have improved clients’ execution performance by approximately 17%.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Women in Technology & Data Awards 2025 winner’s interview: Ripple Bhullar (Kyndryl)
Interview with Ripple Bhullar, winner of Vendor professional of the year (business development)
Asia Awards 2025: Best new product/service introduced over the last 12 months—Bloomberg
Bloomberg wins best new product/service introduced over the last 12 months in the 2025 Asia Awards.
WatersTechnology Asia Awards 2025: All the winners and why they won
The winners of the 6th annual WatersTechnology Asia Awards have been announced.
Asia Awards 2025: Best trading network—Iress
Iress wins best trading network in the 2025 Asia Awards.
Asia Awards 2025: Best ESG data provider—FIS
FIS wins best ESG data provider in the 2025 Asia Awards.
Asia Awards 2025: Best performance measurement and attribution product—Finastra
Finastra wins best performance measurement and attribution product in the 2025 Asia Awards.
Asia Awards 2025: Best outsourcing provider—Northern Trust
Northern Trust wins best outsourcing provider in the 2025 Asia Awards.
Asia Awards 2025: Best middle-office platform—OSTTRA
OSTTRA wins best middle-office platform in the 2025 Asia Awards.