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

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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term 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 Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term incurred when trading either VIX outrights or spreads, so we’re excited to bring QB’s expertise to this market.”