r8fin Algorithmic Execution
The addition of r8fin’s fixed income trading and analytics technology allows us to deliver an integrated product suite for accessing the U.S. Treasury market through multiple liquidity pools across cash and futures.
The algorithmic-based spreading and aggregation technology, as well as the thin-client application, AIR, facilitates the execution of complex futures and related cash leg trades as a complement to our existing offerings, creating a valued and broad-based approach to trading U.S. Treasuries.
Clients can benefit from improved price discovery, order execution and trade workflows with r8fin technology, leveraging specialized smart execution algorithms, the smart order router and spread engine in the AIR front-end or via FIX connectivity.
Executing with ICRV (ICAP Relative Value)
ICRV acts as the executing broker providing services via the r8fin technology ecosystem, offering a competitive edge in trade execution for complex multi-leg strategies and outright macro trading algorithms.
Trade
- AIR: Web-based trading application allows clients to stream pre-built or custom synthetic multi-leg instruments and route orders to the executing broker electronically
- FIX: Leverage Spread Engine or any r8fin outright algorithm via standard FIX protocol
Products
- Algorithmic Spreading: Spreading of futures curves/flies, UST basis/flies, TEDs and cross currency structures in price or yield terms using Spread Engine
- Algorithmic Calendar Roll Execution: Duration weighted calendar rolls with bond, curve, funding and TED hedges using Roll Engine
- Algorithmic Outright Execution: Cash and futures outright algo execution using TWAP, Cobra, Striker, VWAP, OCO, Mirror, and Stop Plus algos
Connected to all major global futures exchanges: CME Group, Eurex Exchange, ICE Group, Montreal Exchange, Osaka Exchange, Sydney Futures Exchange, CBOE Futures Exchange, Hong Kong Futures Exchange, Euronext Paris Exchange, Singapore Exchange
