Quantitative Brokers Implements Best Execution Algos For CBOE’s VIX Futures

by Jeff Patterson
  • Inherent challenges in the VIX futures’ execution ultimately proved to be the impetus behind a partnership with QB
Quantitative Brokers Implements Best Execution Algos For CBOE’s VIX Futures
Finance Magnates
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Quantitative Brokers (QB), an independent broker-dealer and a provider of agency algorithms across the US cash treasury and futures markets, has launched a new execution algorithmic offering on the Chicago Board Options Exchange’s (CBOE) Futures Exchange venue, helping deliver the group’s Volatility Index (VIX) futures, according to a QB statement.

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VIX futures contracts are a component of the CBOE’s overall offering, and are based on equity index options that are traded via CBOE. These contracts also help serve as a barometer for volatility measures that yield important ramifications for the broader financial market. Inherent challenges in the VIX futures’ execution ultimately proved to be the impetus behind a partnership with QB, which is aiming to increase the traction for algo offerings on the instrument.

As a result of the new launch, QB will help streamline the best execution algorithms to the CBOE’s Future Exchanges market, which will include real-time options pricing as well as observable algos that monitor VIX futures and underlying options.

According to Christian Hauff, CEO and co-founder of Quantitative Brokers, in a recent statement on the launch: “From a client perspective we have heard repeatedly of the inherent Slippage incurred when trading either VIX outrights or spreads, so we’re excited to bring QB’s expertise to this market.”

Quantitative Brokers (QB), an independent broker-dealer and a provider of agency algorithms across the US cash treasury and futures markets, has launched a new execution algorithmic offering on the Chicago Board Options Exchange’s (CBOE) Futures Exchange venue, helping deliver the group’s Volatility Index (VIX) futures, according to a QB statement.

Can you pass the Finance Magnates exam? Give it a go, there are prizes...

VIX futures contracts are a component of the CBOE’s overall offering, and are based on equity index options that are traded via CBOE. These contracts also help serve as a barometer for volatility measures that yield important ramifications for the broader financial market. Inherent challenges in the VIX futures’ execution ultimately proved to be the impetus behind a partnership with QB, which is aiming to increase the traction for algo offerings on the instrument.

As a result of the new launch, QB will help streamline the best execution algorithms to the CBOE’s Future Exchanges market, which will include real-time options pricing as well as observable algos that monitor VIX futures and underlying options.

According to Christian Hauff, CEO and co-founder of Quantitative Brokers, in a recent statement on the launch: “From a client perspective we have heard repeatedly of the inherent Slippage incurred when trading either VIX outrights or spreads, so we’re excited to bring QB’s expertise to this market.”

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