BestEx Research Adds Strategy Studio
Posted by Colin Lambert. Last updated: July 28, 2022
Algo execution services provider BestExResearch has added a no-code algorithmic trading tool, Strategy Studio, to build and customise execution algorithms and smart order routing strategies to its multi-asset, cloud-based algorithm management system (AMS).
The firm says the AMS is an execution management system (EMS) built specifically for algorithmic trading across equities, futures and FX, that provides an algorithmic trading ecosystem including not only execution algorithms but also live order monitoring and management, pre-trade strategy customisation, and post-trade transaction cost analysis (TCA).
It adds that asset managers can use it to trade through multiple broker-dealers, and broker-dealers can use it to create their own proprietary algorithmic trading offering. Users can also build or customise the liquidity seeking strategies and smart order routers underlying their algorithms – adding, removing, and prioritising venues.
In addition, it says Strategy Studio allows users to automate dynamic algorithm selection based on order characteristics like volatility, spread, and order size and A/B test algorithm performance via randomised experiments evaluated with BestEx Research TCA.
“Our vision is to become the leader in execution automation and measurement, and the BestEx Research AMS is a massive step forward,” says Hitesh Mittal, founder and CEO. “In addition to building best-of-breed execution algorithms, we are building no-code automation tools for our clients that dramatically shorten the time it takes to go from idea to implementation—from months to minutes.”
“For buy-side firms, these features are unique and offer unprecedented transparency, control, and flexibility,” he adds. “For broker-dealers building a proprietary offering with our AMS, the ability to manage customers’ trading, customisation, and performance evaluation in a single AMS interface is revolutionary.”