Our Partners
INDATA Algo Trading and Liquidity Partners
Take advantage of INDATA’s Algorithmic Trading and Liquidity partners.
AQUA operates a block trading solution, linking the liquidity of brokers and institutions directly to the desktops of the largest institutional investors. The AQUA model presents buy side traders with opportunities to trade blocks with Aqua Price Discovery and absolutely no pre-trade information leakage.
In today’s complex trading environment, BofA Securities offers more than just technology and algorithms; it provides access to expert insights and unique liquidity. Their execution capabilities help traders improve performance, reduce market impact, and maximize desk efficiency amidst challenges like fragmentation and scarce liquidity.
https://business.bofa.com/en-us/content/high-touch-electronic-trading.html
Smart Order Router, which spreads large orders across multiple venues to reduce market impact, and the Adaptive Algo, which adjusts strategies in real-time based on market conditions. The VWAP Algo targets executing trades close to the volume-weighted average price to minimize slippage.
Berenberg is a leading Pan-European broker providing cash-equity execution services to global institutional clients. With teams in London, Hamburg, and New York, they specialize in block liquidity and minimizing market impact. Their offerings include Global Portfolio Trading and Data-Driven Algorithmic Strategies, with access to over 50 markets and 90 venues. Berenberg holds direct memberships at major exchanges like Deutsche Boerse and the London Stock Exchange.
https://www.berenberg.de/en/institutional-clients/investment-bank/trading/
Sanford C. Bernstein’s algorithmic offering comprises a comprehensive suite of trading strategies, developed in-house, that maximizes access to all available sources of visible, grey and dark liquidity dynamically reacting to market conditions.
https://www.bernsteinresearch.com/CmsObjectBR/bt/algotrading.htm
The BIDS ATS resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions. The BIDS sponsorship model offers a low-cost alternative and an excellent commission management tool for the buy-side, providing them the opportunity to find unique liquidity while paying their sponsoring brokers for research and other services.
Today most desks do not need more algos—they need to use their existing algos better. They need to use the best algo for each order in the current market, and they need to rapidly update each algo’s parameters for intra-day anomalies. Algos are hands-off most of the time. But not all the time. BCH’s algo platforms alert the trader when they need to be hands-on.
http://blockcrossholdings.com/products/algo-trading-solutions/
Bloomberg Tradebook is a leading agency broker that partners with both the buy-side and sell-side to provide high-quality liquidity, market insight, and customized solutions based on innovative technologies.
BMO offers innovative, client-focused electronic trading solutions that include expert trade execution consultants, the proprietary Arc BMO algorithm, customizable routing protocols, a modern trading stack, and advanced liquidity tools. Clients benefit from real-time analytics and interlisted algorithm management to enhance trading outcomes and liquidity access.
The rise of FX algorithms has transformed how corporates and institutional investors manage large currency orders by enhancing efficiency, execution quality, and audit trails. BNP Paribas has led in this space with its innovative Cortex iX suite, featuring Chameleon, Viper, and Iguana, and has continuously improved its offerings based on client feedback. This commitment to excellence earned BNP Paribas the Best Algo Provider award at the e-FX Awards 2023, marking their third consecutive win.
Bank BNP Paribas | The bank for a changing world (group.bnpparibas)
Stratsphera is an open platform for developing financial algorithms. The Algo Trading competition by BTG Pactual fosters knowledge-sharing and interest in algorithmic trading. Morningstar Quantitative Ratings use algorithms to assess companies, comparing those without analyst coverage to those with, to determine their moat, fair value, and uncertainty ratings.
Cantor Fitzgerald’s Precision® algorithmic trading suite provides clients with direct market access (DMA) and a range of customizable or off-the-shelf algo strategies. The Precision Algo Platform supports multiple asset classes—including equities, forex, and fixed income—and is expanding to include cryptocurrencies. The suite features a modular execution platform and proprietary market impact models to optimize trading. Cantor Fitzgerald is a global financial services group offering investment banking, asset management, and equity capital markets services.
Citi’s algorithmic trading strategies cater to a broad range of execution styles and objectives. They offer clients the variety and depth they need to address specific requirements confidently and effectively. The platform offers clients exceptional control of automated execution. Its diagnostic tools generate real-time information on strategy performance and market behavior and highlight unusual conditions with graduated alerts.
https://www.citibank.com/mss/products/equities/e_trading/algorithmic_trading.html
ConvergEx specializes in providing execution to enable access to major sources of equity liquidity, including more than 55 electronic markets, ECNs and dark pools, in regional and alternative markets, thereby enabling you to seek enhanced performance.
http://www.convergex.com/products–services/execution-solutions/electronic-execution
The “Inaccessible Liquidity Adjustment” helps clients adapt to changes in the U.S. market structure due to increased retail trading. This solution allows clients to customize trading strategies for stocks with inaccessible liquidity by weekly calculating their percentage and adjusting participation rates in Cowen’s algorithms to minimize costs. Jennifer Hadiaris, Head of Global Market Structure, highlighted Cowen’s commitment to tailored, performance-driven solutions for institutional clients.
https://www.cowen.com/news/cowen-launches-enhanced-algorithmic-trading-solution/
The CTM solution provides seamless connectivity from trade execution to settlement, including direct connectivity via FIX from front office to middle office trade processing as well as via the SWIFT network to a full community of custodian banks for the purposes of settlement notification. And, when used in conjunction with ALERT, you can automatically enrich trades with account and standing settlement instructions (SSI), ensuring all account information is accurate.
Daiwa Capital Markets offers a robust algorithmic trading suite that includes the Daiwa Smart Execution for optimal trade execution, the Daiwa Liquidity Aggregator to enhance price discovery, and customizable algorithms tailored to specific trading needs. Their platform provides real-time analytics for performance evaluation and adaptive risk management tools to navigate changing market conditions, aiming to improve trading efficiency and reduce costs.
In a world of increasingly complex and rapidly evolving electronic markets, you need a partner with cutting edge technology and global access to the best pools of liquidity. Your executions need to optimize the balance between extracting liquidity while controlling market impact and maintaining anonymity. Our trading solutions are engineered by the best in the industry, connecting you to our deep global pools of liquidity and the expertise of Deutsche Bank to help you manage it.
Designed to support various trading strategies with a focus on flexibility and adaptability. Their suite includes algorithms for market making, trend following, and arbitrage, all aimed at optimizing execution and managing risk. The institute emphasizes customization and real-time data integration to tailor strategies to individual trading needs and market conditions.
FXCC is a broker offering 100 tradable instruments on MetaTrader 4, known for low trading fees and educational resources. Algorithmic trading uses computer programs for data analysis and order execution, relying on technical and quantitative methods. Its benefits include optimal pricing, instant order execution, and reduced slippage.
Fox River provides competitive agency-focused execution solutions that include award-winning algorithms, sponsored access and a sales trading desk. Fox River’s advanced technology helps reduce overall latency in reaching external venues, enabling you to improve fill rates and execution price.
Goldman Sachs Electronic Trading (GSET) offers a comprehensive suite of tools to help you achieve your trading objectives. GSET aims to provide clients with the ability to efficiently access liquidity without having to change their trading style or add more steps to their workflow.
At HSBC, our FX algorithmic solutions combine the latest technology and analytics with the scale and liquidity of our global network. Offering you seamless execution, these solutions are customizable, adaptable and transparent across a suite of G10 and emerging market currency pairs. By leveraging the breadth of HSBC’s liquidity network, emerging market connections, and FX expertise, these strategies could help you make your FX execution more efficient.
Our platform offers various order types and algorithms that assist traders in implementing algorithmic trading strategies, aiming to limit risk, enhance execution speed, improve pricing, ensure privacy, time the market effectively, and simplify the trading process. Clients can also select from a range of order types provided by leading third-party providers like Fox River and Quantitative Brokers (QB). For more details on these options, please use the tabs and filters below.
Virtu Financial designed its sophisticated automated trading strategies to reduce market impact, maximize execution quality, and improve trading performance. Its unique approach to transparency ensures you know exactly what the algorithms plan to do before they do it and allows you to monitor progress against those expectations in real-time.
Through its advanced suite of electronic trading tools, experienced high-touch trading group and unparalleled access to insightful content and unique agency-only liquidity, Instinet helps institutions lower overall trading costs and ultimately improve investment performance.
We provide a global electronic trading platform with algorithmic access in 45 countries and over 100 liquidity destinations across the Americas, EMEA, and APAC. Our suite of liquidity-seeking and benchmark-tracking algorithms aims to minimize market impact, enhance trading performance, and ensure consistency. We also have client-focused integration with an open FIX architecture for leading OMS/EMS providers, offering flexibility for custom strategies and workflow solutions in today’s trading environment.
Global Full-Service Investment Banking and Capital Markets (jefferies.com)
Electronic Client Solutions (ECS) designs, distributes and services leading-edge analytics, execution and liquidity products globally to J.P. Morgan’s institutional trading clients. The ECS product suite is designed to source liquidity effectively across an ever-changing landscape of liquidity centers, minimize transaction costs and maintain anonymity for clients.
https://www.jpmorgan.com/pages/jpmorgan/investbk/solutions/equities/ecs
JET, developed from Troy Draizen’s expertise in microbiology, is a continuous learning platform that enhances trading performance through tailored algorithms. Using Deep Reinforcement Machine Learning, JET refines its algorithms based on past performance to maintain alpha, adapting to client needs and market events. By merging human intellect with advanced technology, JET redefines electronic trading, creating a hybrid ecosystem for optimal outcomes.
KCG offers leading services designed to address trading needs across asset classes, product types and time zones. As one of the world’s largest independent market makers, we combine advanced technology with exceptional client service to deliver unique liquidity, lower transaction costs and improve pricing.
Liquidnet is the global institutional trading network, connecting more than 740 of the world’s top asset managers to large-scale trading opportunities in 43 markets across the globe.
Our automatic RFQ execution protocol simplifies the traditional RFQ process without requiring changes to your OMS or workflow. Simply set your criteria, and Auto-X RFQ handles the rest, allowing you to generate custom reports to optimize future gains. Enjoy Open Trading® price-making opportunities throughout the day while ensuring that any residual balance is completed by close without manual intervention. This combination of liquidity finding and efficient price-taking helps you effectively meet both pricing and urgency needs.
MSET offers not only customized trading tools and multi-asset coverage but also a relationship with a trusted team of experienced professionals who help you achieve your execution objectives – trade by trade and over time. When you trade with MSET, you have access to the power and knowledge of the entire firm – from prime brokerage to capital markets, research and investment banking.
Raymond James has launched the RJET platform for institutional equities clients, featuring advanced trading technology and a skilled team of electronic traders. RJET offers 11 benchmarking and liquidity-seeking algorithms, with plans for more options. Tailored to the needs of over 1,000 institutional clients, the platform emphasizes transparency, data-driven liquidity sourcing, and market structure analysis to enhance trading efficiency and adapt to evolving execution requirements.
THOR is RBC’s patented smart order routing technology, designed to improve execution quality, minimize latency-based information leakage and control trading costs. THOR interacts seamlessly with RBC’s streamlined algorithm suite, as well as DMA orders, Cash Desk and Program trades.
SunGard is a financial tech company offering algorithmic trading services, including access to algo suites from top brokers like Citi and Goldman Sachs. It provides real-time market data from over 120 exchanges and connects to more than 40 in the Asia Pacific, including Chi East. Its Valdi execution management system manages order lifecycles, and its transaction cost analysis tools help traders evaluate execution performance and market impact.
SMBC offers a wide range of financial services, including fixed-income market-making, construction loans, interest-rate hedging, advanced equity research, and comprehensive treasury services. They also assist with investor management by identifying market opportunities and developing long-term investment strategies. Their forex trading is enhanced by an algorithmic trading and electronic execution platform in partnership with Kx.
Société Générale (SG) provides various algorithmic execution strategies for FX SPOT, FORWARD, NDF, and Spot FX, including TWAP+ for price averaging, Nightjar for discretion, and Falcon for speed. These algorithms aim to improve execution, enhance liquidity access, and manage market detection. Additionally, SG has partnered with Tradefeedr to integrate its algorithms into Tradefeedr’s Pre-trade Algo Forecasting, offering insights on expected behaviors and optimal strategy recommendations based on order characteristics and market conditions.
TD Ameritrade offers a range of trading solutions designed to enhance execution efficiency for its clients. Their algorithms include strategies for optimizing order execution across equities and options, focusing on minimizing market impact and achieving favorable prices. TD Ameritrade’s platform provides tools for real-time data analysis, customizable trading strategies, and integration with advanced trading technology to support both institutional and individual investors.
Stay on top of your investments with TD Ameritrade | TD Bank
Key offerings include AIR for streaming synthetic multi-leg instruments, access to the Spread Engine via FIX protocol, algorithmic spreading of futures curves, and duration-weighted calendar rolls, as well as outright execution using various algorithms like TWAP and VWAP.
https://www.tradeweb.com/our-markets/institutional/trade-cycle/r8fin/
Our intelligent FX algorithms enhance execution by quickly accessing liquidity, minimizing market impact, and adapting to market events. Key offerings include UBS ORCA Direct for urgent fills, UBS Tap for adjusting order urgency based on market movements, and UBS Float, which places orders at multiple price levels while incorporating anti-gaming features. We also offer TWAP for even trade execution over time and VWAP for aligning trades with historical volume patterns. Each strategy is customizable to meet specific execution goals.
Wells Fargo Securities’ WATS® Equity Electronic Trading business offers a comprehensive approach to achieving best execution through its advanced algorithmic suite and smart order router (SOR). The service features a dedicated team for expert market coverage, a quantitative team for data-driven optimizations, and machine learning-based analytics. Key features include rebate-agnostic SOR technology for quick market access, dark pool aggregation for hidden liquidity, and tools like Komodo for dynamic liquidity seeking. The platform also provides direct market access to closing auctions, electronic access to NYSE’s d-Order, and efficient commission management services.
