Kepler Cheuvreux accelerates its transformation plan and reveals new electronic trading platform
London, 28 April 2021
Kepler Cheuvreux announced today a public launch of their new electronic trading platform, which combines advanced liquidity seeking order routing capabilities with a next-generation quantitative algorithmic infrastructure platform.
The platform is part of a multi-year strategic investment by Kepler Cheuvreux in electronic trading capabilities and has already achieved record volume during its gradual rollout programme throughout 2020, with an average daily agency flow of over EUR2bn.
“Our electronic trading platform is underpinned by best-of-breed technology from selected partners. Which, coupled with our deep internal expertise, credibly takes us to a market-leading position in terms of innovation and strategy customisation, supported by strong platform performance and stability.” said Thomas Biotteau, Deputy Global Head of Execution Services of Kepler Cheuvreux.
The platform’s technical architecture enables Kepler Cheuvreux to expand its in house developed algorithmic capabilities, resulting in the gradual deployment of several new quantitative trading algorithms including:
· An improved Implementation Shortfall strategy, a proprietary optimal-scheduling strategy, adaptive in both price and volume, balancing market impact and opportunity cost.
· A new Liquidity Seeker, leveraging a new fair value model to capture liquidity across all liquidity types selectively.
· An updated dynamic Target-Close strategy, building on the firm’s volume forecast model and enabling trading across multiple alternative closing venues.
Additionally, the platform also delivers post-trade analysis improvements, with enhanced transaction cost analysis offering clients reversion analysis at both the order and execution levels.
“This new platform, and the algorithmic advances it enables, speaks to our long-term commitment to leverage state-of-the-art technology to create differentiated solutions for our clients.” said Anvar Karimson, Chief Technology Innovation Officer at Kepler Cheuvreux.