*
Algo execution helps stockbrokers efficiently manage and execute client order flow
- by taking the pressure off your execution team
- by allowing operators the space and time to add-value to key orders
- by reducing embarassing conversations with clients or costly re-bookings of fills
... as early as next week
*
EQUATOR is a complete solution, sometimes described as
algo in a box
* Everything is included - market data, exchange connectivity, user interface and algo strategies,
plus easy installation and on-site or at-desk training
* It is so easy and efficient,
you can be executing algo orders using
EQUATOR as early as next week.
EQ Execution Tools includes the following five
EQ products:
2.1)
EQvolume - a daily volume forecast
12% more accurate than relying on historical medians
2.2)
EQ Impact Model - an advanced
third-generation market impact model
2.3)
EQimpact.com - the website
containing the
EQ Impact Model for
8,500 stocks across 52 markets
2.4)
EQdataTools - the set of tools which
allows subscribers to use the functionality of
EQimpact.com
in their own systems
2.5)
EQdataSuite - a collection of Excel
worksheets which use
EQdataTools
2.1) EQvolume improves volume forecasts by 12%
Having a better forecast of the next day's trading volume can be a distinct advantage for fund
managers preparing trade lists and dealers executing in equities markets.
Given the highly volatile nature of trading volumes little analytical effort has previously been devoted
to determining a better volume forecast.
EQ International’s
EQvolume uses a proprietary method to
forecast the next day's trading volume of stocks in equities markets.
EQvolume improves the predictability of daily volume forecasts by
12% compared with forecasts based on the median daily volume over the past month or quarter.
It improves the predictability of forecasts of more than 98% of stocks.
EQvolume is occasionally referred to as
EQvolume Forecast.
EQvolume is available for around 8,500 stocks on
EQimpact.com and as part of
EQ Execution Tools.
For further information refer to the January 2002
EQresearch report on
Improving Execution Quality titled
Executed Volume Indicator improves volume forecasts by 12%.
2.2) EQ Impact Model is an advanced third-generation market impact model
A third-generation market impact model is a stock-specific, price-pattern and volume-pattern model.
Each security has its own market impact model.
A third-generation model combines price-pattern factors such as
Volatility and
Spread with
Days Turnover
and other volume-pattern factors such as
Volume Predictability,
Volume Persistence and
Volume Flexibility.
Naturally,
Days Turnover is based
on
EQvolume.
Additional price-related factors used by advance models are
Momentum,
Upside Risk and
Downside Risk.
EQ International’s
EQ Impact Model is an example of an advanced
third-generation market impact model.
It is currently available for around 8,500 stocks across 52 global equities markets.
2.3) EQimpact.com delivers EQ Impact Model for 8,500 stocks
EQimpact.com is the home of the
EQ Impact Model, a third-generation market impact model.
It contains
EQvolume and the
EQ Impact Model for around 8,500 stocks across 52 markets.
EQimpact.com also contains business and
product information for
EQ International.
2.4) EQdataTools allows integration of EQ Impact Model in subscriber systems
EQdataTools enables subscribers to integrate the
EQ Impact Model
and associated data within their proprietary systems.
EQdataTools combines an on-site database, data download capability and dynamic-link library (dll)
to deliver
EQ functionality to Excel or users own systems.
Daily updates are available from
EQimpact.com via a 15-second process.
Thirty-eight
EQ functions are available for use in users systems.
2.5) EQdataSuite is a collection of customised EQ worksheets
EQdataSuite provides useful examples of how to use
EQ functions to optimum effect.
Sample worksheets include:
*
EQimpactCharts - dynamic charts of the
EQ Impact Model in an Excel worksheet
*
EQimpactCrossing - determines a fair-value price for crossing a line of stock between a buyer and seller
*
EQstyleLimits - a tradelist preparation tool which suggests the maximum daily order size consistent with your trading style
*
EQpreTrade - a pre-trade analysis for multiple stocks which displays many
measures including
Days Turnover,
EQ Impact and ranking stocks by
EQ Impact Value, the dollar value of market impact
*
EQsnapPrices - a companion tool to
EQpreTrade which snaps live Australian shareprices from Iress and obtains orders from IOS
*
EQglobalPreTrade - a pre-trade analysis for multiple stocks across multiple markets
and currencies with all the features of
EQpreTrade.
*
EQvolumeMonitor - a tool to highlight stocks with extreme intra-day volume
compared with the
EQvolume forecast
*
EQpropertyMonitor - an example worksheet containing many of the 28
EQfunctions for stocks. This allows
comparison between stocks in the Australian Property sector
*
EQliquidityRisk - measures the transaction costs of transitioning a portfolio to its benchmark
*
EQriskPricing - a tool to assist with pricing a facilitated trade, either an individual trade or a risk portfolio
*
EQimpactExposure - allows traders to estimate the cost of exiting their proprietary positions individually, by book or in aggregate
*
EQtradeImpact - a portfolio construction tool which highlights the expected market impact for shifting stock allocations
