Quantitative Brokers Implements Best Execution Algos For CBOE’s VIX Futures

Quantitative Brokers (QB), an independent broker-dealer and a provider of agency algorithms across the US cash treasury and futures markets, has launched a new execution algorithmic offering on the Chicago Board Options Exchange’s (CBOE) Futures Exchange venue, helping deliver the group’s Volatility Index (VIX) futures, according to a QB statement.

VIX futures contracts are a component of the CBOE’s overall offering, and are based on equity index options that are traded via CBOE. These contracts also help serve as a barometer for volatility measures that yield important ramifications for the broader financial market. Inherent challenges in the VIX futures’ execution ultimately proved to be the impetus behind a partnership with QB, which is aiming to increase the traction for algo offerings on the instrument.

As a result of the new launch, QB will help streamline the best execution algorithms to the CBOE’s Future Exchanges market, which will include real-time options pricing as well as observable algos that monitor VIX futures and underlying options.

According to Christian Hauff, CEO and co-founder of Quantitative Brokers, in a recent statement on the launch: “From a client perspective we have heard repeatedly of the inherent slippage incurred when trading either VIX outrights or spreads, so we’re excited to bring QB’s expertise to this market.”

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