An independent provider has launched its execution algorithms on the ASX derivatives market following the opening of a Sydney office late last year.
Quantitative Brokers has provided algorithms and analytics to clients in the Futures and US Cash Treasury markets and this is the first time its been available for trading on an exchange in the Asia-Pacific region.
The firms Multi-Broker Transaction Cost Analysis has launched across selected futures instrument and provides market participants, like super funds and asset managers a broker-neutral tool to measure execution quality of algorithmic orders and direct market access and voice broker trades.
Chief executive of QB Ralf Roth told Investor Daily that the move was a continuation of the firms push into Asia.
“We have traditionally focused on western markets like Europe but we really want to be in the Asia-Pacific region and this was how we could do that,” he said.
Mr Roth said originally the Sydney office was opened to cover various time zones but then client demand had seen it launch on the ASX.
“Clients in the US and Europe were keen to trade in Australia so it was a natural progression for us to allow that,” he said.
There were exciting opportunities in the region said Mr Roth and the company had their eyes on a few markets.
“We are currently looking at Singapore and Japan but also other markets as we continue our expansion into APAC,” he said.
Co-founder and head of APAC at QB Christian Hauff echoed the sentiments and said following last year it was a great time to launch a transparent product to market.
“We have really caught the tailwind of the royal commission where people are looking for transparency and it really is a great time for us [to] launch,” he said.
Mr Hauff said it took the company some time to launch as they did spend time in understanding and analysing the nuances in the Australian market.
“We do take a detailed and customised view of the market for our clients before we launch so that we can have smarter conversations with them,” he said.
There is plenty to be excited about in the region said Mr Hauff and he hoped QB would benefit from that.
“We are optimistic about the future in this area, we have had a lot of interest and it’s something that is appealing to our existing clients as well,” he said.
Eliot Hastie is a journalist at Momentum Media, writing primarily for its wealth and financial services platforms.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).
You can email him on: [email protected]