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: Technology innovator of the year (vendor)—Christy Bremner, SS&C Technologies
Christy Bremner, senior vice president, Institutional & Investment Management (I&IM) division at SS&C Technologies, wins technology innovator of the year (vendor) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Nasdaq reshuffles tech divisions post-Adenza