TradingScreen Taps Full Suite of Tethys Algorithm Analytics

TradingScreen, a provider of SaaS solutions for the financial markets, today announced a partnership with Tethys Technology, the industry leader in broker neutral algorithmic trading solutions, to integrate Tethys’ broker-neutral algorithms for equities, futures, options and FX trading.

This alliance enables TradingScreen's clients to tap into the entire TethysAlgo suite of algorithmic trading strategies. The platform includes strategies for equities, derivatives, cross-assets and FX, while also enabling users to test and deploy their own trading strategies. Tethys has a dedicated research effort focused on market microstructure, with experts in applied quantitative finance and computing.

TradingScreen has gone live with TethysAlgo also to provide quality of execution to traders as its embedded statistical and game theory techniques make the algorithms highly adaptive. In addition, this solution takes into consideration expected volume and 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 to reduce the slippage and remove the likelihood of being gamed or detected. The engaged customer-focused service utilizes advanced quantitative logic and formulas and maintains pure neutrality to all venues and brokers.

Mike Bailleux, Director and Head of Hedge Fund Sales at TradingScreen, commented: “We are thrilled to be working with Tethys. By combining our EOMS business with Tethys’ award-winning customizable trading execution algorithms, we will be able to service quantitative funds with our multi-asset, front-end and API capabilities designed for that market. Quant funds are taking more control of their execution quality and are looking for flexibility in how and when they reach various pools of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term depending on their strategy, concern for anonymity, costs and time horizon.”

Mary Cogger, Director of Operations and Sales at Tethys Technology, added: "Tethys algorithmic library is a comprehensive suite of global, broker-neutral trade execution algorithms for equities, futures, options, and FX. We are excited to make our award-winning algorithms seamlessly available for TradingScreen clients. This joint offering will allow institutional investors to access industry-leading algorithms, while continuing to trade with their brokers of choice."