Quantitative Brokers and RiskVal have formed a partnership to create and deliver a fixed income trading platform, called RVQB.
The new sellside bond trading platform “combines powerful real-time analytics with seamless access to QB algorithms for best execution,” according to a press statement. Quantitative Brokers is a provider of agency algorithms for fixed income and futures markets. RiskVal Financial Solutions is a trading analytics and real-time risk management provider.
The RVQB platform integrates QB algorithms and RiskVal trading analytics and aims “to provide traders with real-time control and transparency into their outright and relative value executions.” The solution provides the bond trader with screens that can route orders to Legger, QBs multi-leg execution strategy, for basis and relative value trading. During a demonstration of the trading platform in Manhattan yesterday, a bond trader can fill in a single trade with reduced keystrokes and data entry.
QBs Legger algorithm executes user-defined structures with any ratio and number of legs across cash US Treasury and futures markets. A transactional cost analysis report is generated for each execution, providing full post-trade transparency on the order and slippage performance.
Fixed income traders are continually looking for better ways to actively manage their enterprise-wide risk, said Christian Hauff, CEO and co-founder of QB. By marrying QBs best execution algorithms with RiskVals proven relative value analytics, we have created a unique platform that integrates powerful trade discovery with superior execution tools.
The fixed income markets are rapidly evolving, and traders are seeking access to smarter and more transparent execution, said Jordan Hu, founder and CEO of RiskVal. As the market structure evolution continues, we are excited to address some of the key issues that fixed income traders face in the move to a more electronically-driven model.
In 2014, both FINRA and the SEC approved QB as a broker-dealer for government securities.
