Trading across relationships
Our systematic strategies examine the connections between instruments and markets. Research evaluates these relationships in the context of trading costs, liquidity and changing conditions.
We bring quantitative research and proprietary technology to trading, liquidity and the relationships that connect financial markets.
Our work brings together the study of prices, the provision of liquidity and the management of risk. Each is part of a broader understanding of how markets function.
About the firmA price is shaped by information, liquidity and the behaviour of other participants. Understanding those relationships informs both where we trade and how we trade.
Our activitiesOur systematic strategies examine the connections between instruments and markets. Research evaluates these relationships in the context of trading costs, liquidity and changing conditions.
Our liquidity strategies use that understanding to set the prices at which we buy and sell. Pricing, execution and inventory are considered together.
Research examines what the evidence supports. Engineering determines how that knowledge interacts with a live market. The relationship between them is central to our work.
Inside our approachThe sequence of events, the structure of a venue and the information available at a particular moment.
Execution & systemsTransaction costs, time and available liquidity shape how a trading decision becomes an order.