Technology and services provider Fidessa has announced the launch of a new order analytics service for derivatives investors, targeting users who want more control and measurement of derivatives orders and trading.
With estimates that algorithmic trading is set to grow strongly again this year – one suggests algorithmic execution of US buy side futures volume will grow 30% this year – investors need to better monitor the performance of orders in real time. Increased regulatory pressure also means that both buy side and sell side actors need to fully understand how the algorithms they are using are working irrespective of market conditions, Fidessa said.
Its new Order Analytics service is integrated with its futures and options trading platform. Users can monitor all orders in real time and adjust algorithm parameters accordingly, Fidessa added. Post trade capability shows execution performance, as required under Mifid II.