Quantitative Brokers Launches Futures Execution Algorithm
New algorithm, Closer, targets best execution around closing price benchmarks for market-on-close and target close futures orders.

The Closer algo utilizes real-time analytics to automatically determine optimal start and end times for market-on-close (MOC) or "Target Close" futures orders via existing EMSsand OMSs. Closer orders are integrated into QB's Transaction Cost Analytics (TCA) platform, providing transparency into every child order and action taken by the algorithm.
Closer is the fifth in QB's suite, alongside the Bolt, Strobe, Legger and The Roll algorithms.
"Algorithmic trading is rapidly gaining traction across the capital markets, especially as firms are becoming more aware of how important best execution practices are to their business," said Christian Hauff, CEO of Quantitative Brokers, in a statement.
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 Trading Tech
What is Aladdin Trader? BlackRock’s fixed-income tool still a mystery
Sources tell WatersTechnology that Aladdin Trader will expand on the platform’s ‘limited’ execution functionality.
Better tech brings threat of two-speed trading in fixed income
Smaller asset managers may get left behind as automation allows the big players to prosper.
Waters Wrap: Examining ASX’s CHESS do-over
The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.
Can machine learning help predict recessions? Not really
Artificial intelligence models stumble on noisy data and lack of interpretability
GenAI and HFT: A competitive edge?
Timing is critical in the capital markets. IBM researchers say genAI’s predictive abilities in combination with AI/ML models can translate into profitable HFT opportunities.
Goldman Sachs looks to ‘Amazon’-like ecosystem with MarketView launch
The new research and collaboration tool is delivered through Goldman’s Marquee platform.
Bloomberg deploys new chatbot tool to Terminal
The offering allows users to surface data and notifications from internal systems without ever having to leave Instant Bloomberg chatrooms.
Deutsche Börse to merge SimCorp and Axioma, shuttering Qontigo
The German exchange also plans to have 70% of its ‘IT state’ in the cloud by 2026.