Algorithmic Execution Suite
The Quote Execution Suite (QEE) leverages three different types of orders, representing the first order types brought to market by the Quote team. All trading processed through the QEE benefits from Security and Advanced Features and Execution Parameters and Backend Intelligence, which enhance and protect users' trades flowing through Quote.
Strategies
Three ready-to-trade strategies have been structured with the following details:
Limit Chase
Executes by submitting a limit order placed at the best bid/ask that dynamically adjusts to match changing market conditions
Minimize market impact, tracking market average, minimize fees
Places orders at the best bid/ask and adjusts based on market price
Impact Minimization
Executes by tracking real-time market volume and adjusting aggressiveness to trade the targeted percentage of overall volume
Minimize market
impact, minimize
paying spread
Uses volume prediction to place passive child orders. Dynamically adjusts aggressiveness based on the target participation rate
Passive TWAP
Executes by submitting orders based on linear execution over time,
prioritizing passive fills
Minimize market
impact, minimize
paying spread, minimize fees
Post passive orders based on the expected execution path and bounds control. Will take liquidity if the filled quantity falls below the expected bounds
The algorithmic strategies in the QEE have been designed to help traders achieve specific goals:
Minimizing market impact by breaking down large orders into smaller orders over time, adapting to volume and participation rates
Maximizing liquidity capture by utilizing multi-level passive limit orders and sweeping available orders at best prices (fee inclusive)
Executing trades at specific times or prices, and adapting to changing market conditions
Protecting standing orders from public view on HyperCore
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