Case Study: Multi-asset Market Making for an international bank

Medan Gabbay

Case Study: Multi-asset Market Making for an international bank
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  • 24th January 2019 Create Date
  • 17th November 2022 Last Updated
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A multi-asset market-making solution

The problem

The client, an international bank with sizeable brokerage and market-making entities, wanted to revamp its market-making
for derivatives & ETFs, with the following objectives:

  • To build a new ETF market making platform.
  • To build a new derivatives market making for both the options and equities.
  • To consolidate 3 vendors to one.

The solution

The Quod Financial solution is based on:

  • Quod Financial Adaptive Smart Order Router (ASOR) for the equities business liquidity management.
  • Quod Financial Adaptive Execution Platform (AEP) for, (1) Pre-trade risk management, (2) Order Management (OMS) for advanced program trading (list trading for ETFs) and quote management, (3) Quod APIs for writing in-house algorithms.
File
Market_Makers_Client_Case_Study.pdf