Elite Technology Partners announces plans for intelligent trading engine.
The Blackbox Server is targeted at institutions trading large blocks of equities.
Hedge Funds, Sell-side Brokers, and even some Buy-side institutions have special trading needs that require human interaction. This is especially true when buying and selling large blocks of a security, or when buying or selling to a specific dollar amount. Even with Order Management Systems and Direct Access technology, these orders are manually worked by professional traders.
Elite overcomes these issues with a collection of software products designed for quantitative trading. The technology builds upon the principals of direct access; price shaving and market sweeping, to create an advanced and intelligent trading engine.
By adding locally managed pegging and discretion, Elite provides a powerful and flexible engine that can be adapted to infinite strategies. Institutions may automate large block orders using time tested strategies that are passive, aggressive, or dispersed throughout the day.
The foundation for Elite's trading platform is the Elite Blackbox. The Blackbox Server is fully customizable to follow the rules of a firm's trading strategies. When executing orders, the Blackbox's algorithms keep the trader's intentions hidden from the market by hiding size and moving orders throughout all liquidity pools.
Working large block orders can be very tedious. Even when using the pegging and discretion order types available on some electronic markets. Elite alleviates much of the work, while improving VWAP performance. This is accomplished by continuously analyzing real-time price and sources of liquidity to determine the types of orders to place in the market.
Elites Blackbox Server provides intelligent order strategies and automated trading agents. The server works orders using built in as well as trader defined strategies. The server includes proprietary algorithms for best execution, price improvement, pegging, discretion, and order dispersion. Blackbox will optimize the execution of large block orders, large baskets, options, pair trades, and many more specific to client needs. The Blackbox Server accomplishes its tasks using a combination of the following:
| | - Strategies execute automatically without the need of intervention from users.
- Fast complex decision making in response to real-time market data and analytics from our market data services components.
- VWAP strategies for large block orders.
- Simple pegging to sit on or near the NBBO until the complete order is filled.
- Market triggers or discretion to take orders at price levels through the market.
- Buy or sell according to a specific time and volume schedule.
- Take or sell stock when the total amount of volume at a price point reaches a threshold.
- Buy or sell up to a certain dollar amount.
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The Blackbox Server provides several benefits, including the following:
| | - Trader's intentions are hidden from the market.
- Offload tedious trading tasks.
- Volume Weighted Average Price is optimized.
- Acquire large blocks at lower prices, sell off large blocks at higher prices.
- Accomplish difficult orders, such as trading a specific dollar amount (buy $10,000 of MSFT).
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Elite is seeking strategic partners for the Blackbox server as part of its' recently announced Beta-wave program.
Through the Beta-Wave program, institutions can acquire Elite's technology at a much reduced cost. The program is low cost and low risk with tremendous upside potential. In addition to the reduced cost of the technology, the Beta-Wave partners receive commission income on referral sales. Beta-Wave is a great win for all parties.
Elite Technology Partners is recruiting a limited number of Beta-Wave partners to participate in the program. Partner firms will not number more than six or less than five. Costs and risks are reduced because they are shared by the partners. This is an all-or-nothing program where a partner is not asked to invest until all partners have agreed to participate.
Beta-Wave partners have the additional benefit of receiving income from the program. The program includes a two-tier commission structure. This includes high commissions for direct referrals and revenue shares on total sales.
Here are the highlights of the Beta-wave program:
| | - Acquire valuable technology with a very low investment.
- No cash outlay until all partners join the program.
- Revenue sharing on future sales.
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