BST Awards 2020: Best buy-side algorithmic/DMA product or service—Tethys Technology
In yet another upset in this year’s BST Awards, New York-based Tethys Technology has broken Dash Financial Technology’s two-year winning streak in the category of best buy-side algorithmic/DMA product or service.
Tethys’s suite of algorithmic trading strategies covers a range of asset classes that includes US and international equities, options and futures. The algorithms are built with input from clients, which are split between sell-side broker-dealers and sophisticated buy-side clients, which comprise hedge funds, asset managers, and pension funds.
Nitin Gambhir, founder and CEO, says Tethys makes continual enhancements to the underlying models of its algorithms, and the extended periods of volatility 2020 has wrought have merited a number of adjustments.
Gambhir sees sustained market volatility and complex market microstructure—along with the proliferation of lit and dark venues—as the main themes in 2020, and he expects these trends to continue into 2021.
Looking ahead, the firm plans to expand its actionable transaction cost analysis (TCA) offering to the buy side. Actionable TCA refers to TCA data that allows users to get a better understanding of their intraday alpha, if they have any, and highlight changes they can make to algorithms or settings to enhance trade execution performance.
“Our clients are increasingly looking for guidance on optimal TCA, and how to interpret it and take action based on those results,” Gambhir says.
Gambhir says the firm will be rolling out a smart order routing (SOR) tool in the first quarter of 2021, allowing clients to manage preferences for dark routing and customize algo settings.
“Uniquely, clients will be able to control routing preference in inter-listed securities, and access dark liquidity and closing auctions in dual markets,” he says.
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Rising star (vendor) – data, engineering & product development—Roberta Bill, SmartStream Technologies
Roberta Bill, product manager at SmartStream Technologies, wins rising star (vendor) – data, engineering & product development, in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology leader of the year (end-user)—Sejal Shah, BNP Paribas India Services
Sejal Shah, director and head of Global Markets IT BNP Paribas India Services, wins technology leader of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Reference data professional of the year (end-user)—Ludmilla Morgunova, BNP Paribas
Ludmilla Morgunova, Java developer on BNP Paribas’ Referential Data Platform, wins reference data professional of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (trading and risk)—Mina Wallace, SS&C Algorithmics
Mina Wallace, general manager and senior vice president of the risk management business unit at SS&C Algorithmics, wins the vendor professional of the year (trading and risk) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
Susan Bennett, managing director, global head of product marketing at Tradeweb, wins the above and beyond award (vendor) in the 2024 Women in Technology and Data Awards.
Women in Technology & Data Awards 2024: All the winners and why they won
WatersTechnology honored the winners of the 36 categories in the 2024 Women in Technology & Data Awards, who were announced at a sit-down lunch in London on International Women's Day on March 8.
AFTAs 2023: Best new technology introduced over the last 12 months (data & data services)—SS&C Aloha
Northern Trust: Improving transparency across the asset servicing market
Northern Trust won three categories in the 2023 American Financial Technology Awards. Paul d’Ouville, global head of technology solutions and servicing at Northern Trust, discusses his firm’s fourth consecutive win in the Best reporting initiative…
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Dark horse: Deutsche Börse building dark pool