“We are thrilled to be working with Tethys,” said Mike Bailleux, TS Director and Head of Hedge Fund Sales, Americas. 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 depending on their strategy, concern for anonymity, costs and time horizon.”
The TethysAlgo suite of algorithmic trading strategies spans across several asset classes including U.S. and international equities, options, futures and FX. Utilizing advanced quantitative logic and formulas, TethysAlgo maintains pure neutrality to all venues and brokers. Its embedded advanced statistical and game theory techniques, make these algorithms highly adaptive taking into consideration expected volume and volatility to reduce the slippage and remove the likelihood of being gamed or detected. This high-performance suite is designed to provide quality of execution to traders.
Read the entire press release here.