Royalblue (London) has launched the Fidessa BlueBox algorithm solution to offer the sell side industry-standard benchmarks and a framework for building proprietary models.
According to the provider, BlueBox is a tool kit for hosting, building and deploying internal algorithms that allows traders to control and monitor their algorithmic trading from their order management system screens. Fidessa says that traders can interact with the algorithms in real time, allowing them to track key performance indicators, alter parameters on the fly, slow down or speed up trading, and pause the algorithm to react to changing market conditions or mitigate risk.
"Now, firms of any size can host their own internal models, as well as build their own proprietary models and offer customized algorithms directly to their customers, in a cost-effective way," said Martin Hakker, Fidessa's EVP of marketing, in a release. <<<