QB Enhances Automated Solution for Options on Futures

Quantitative Brokers has upgraded its “Striker” options on futures algo with a two-in-one-algo that allows professional traders to algorithmically seek out, display, and trade in-between minimum exchange tick increments.

QB provides advanced execution algorithms and data-driven analytics for global futures and options and OTC Fixed Income markets.

Striker is QB’s first automated solution for OOF trading and was launched in April 2020 to conquer the unique challenges in options on futures markets – price detection, efficiency, and lack of information.

Christian Hauff, Co-Founder and CEO at Quantitative Brokers, said: “QB has created a completely different kind of algo. Since the release of Striker last year, the QB team has conducted further quantitative research and development to detect and capture price improvement by leveraging the complex microstructure of the listed options market. Striker 2.0 provides traders the ability to dynamically trade exchange tick increments and capture true Fair Value between minimum tick increments, automating a laborious, time-consuming critical function.”

The unveiling of Striker 2.0 aims to enhance the offering that currently supports Treasury and Eurodollar Interest Rate Options on Futures, with plans to expand to other asset classes soon.

QB’s first automated solution for OOF trading is a purpose built, best execution agency algo for options on futures. The firm’s suite of best execution algorithms include Bolt, Strobe, Legger, Closer, Octane, and The Roll.

The firm’s algo solutions are designed for both central limit order books and OTC liquidity streams while accessible via all major execution and order management systems used by the buy-side, banks, and brokerage houses.

Fair value on Striker is determined by incorporating both real-time cointegration and implied pricing calculations, with the algorithm also employing dynamic passive and aggressive child order placement logic, which executions are displayed in the Transaction Cost Analysis (TCA) platform.

Quantitative Brokers has designed a suite of products that help reduce implicit trading costs and solve execution workflow challenges for its global, institutional clients on both buy and sell side.

Striker innovates in terms of electronic execution by entering the options on futures markets. Accessible through the numerous OEMS platforms that QB is integrated with, namely on the Bloomberg App Portal, Striker is a broker-neutral solution.

In December 2020, Deutsche Börse completed the previously announced purchase of a majority position in QB. Deepak Begari has recently joined the firm as Chief Technology Officer.