Fidessa group has added its BlueBox algorithmic trading engine to the Asian version of its hosted trading platform. The move makes BlueBox available to mid-tier brokers across the Asia region, allowing them to automate their own trading activities as well as to offer direct access to their algorithmic strategies to their buy-side clients.

According to David Jenkins, business solutions manager at Fidessa in Asia, “With this Asian launch, we have initially added new models for VWAP, TWAP, POV, passive and short-sell tailored for the local markets. These models are specifically designed to allow for dual-session trading days and non-trading periods, and incorporate model-generated volume curves which plot the unique characteristics of these markets.”

BlueBox gives traders tools to track key performance indicators in real time, and then step in to alter parameters on the fly, slow down or speed up trading, pause or stop the algorithm in response to changing market conditions and to mitigate risk. It also supports the use of pre-, post- and intra-trade analytics to evaluate performance.