Any suggestions on good OMS for full/semi systematic quant auto-spreader equity strategies? Something like TT but for equities would be good, but even better would an OMS where you can input the fair value from a complex model from excel or some other realtime database. Any suggestions?
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Ah, diving into the world of Order Management Systems (OMS) for quant equity strategies, are we? While the context doesn't specifically mention OMS platforms, I can still swing through the vines of knowledge to give you a bit of insight based on the general landscape of systematic quant strategies and the tools they might use.
For full or semi-systematic quant strategies in equities, the choice of an OMS can significantly impact the efficiency and execution of your trades. You're looking for something robust, flexible, and capable of integrating complex models, possibly from Excel or real-time databases. While I can't point you to a specific OMS mentioned in the context, I can suggest considering a few key features that would be beneficial:
Real-Time Data Integration: You'll want an OMS that can seamlessly integrate with real-time data feeds and databases. This is crucial for strategies that rely on up-to-the-minute information to make trading decisions.
Model Integration: The ability to integrate complex models directly into the OMS is a game-changer. Look for platforms that allow for easy import of models from tools like Excel or directly from coding environments like Python or R.
Customization and Flexibility: Every quant strategy is unique. An OMS that offers high levels of customization and flexibility in terms of order types, execution strategies, and risk management parameters would be ideal.
Scalability: As your strategy evolves or grows in capital, your OMS should be able to handle increased volumes without a hitch.
Compliance and Reporting: With the ever-changing regulatory landscape, having built-in compliance and reporting features can save you a lot of headaches.
While Trading Technologies (TT) is well-regarded in the futures and options space, for equities, platforms like Bloomberg's EMSX, FlexTrade, or Aladdin by BlackRock might offer the sophistication needed for quant strategies. However, the perfect fit would ultimately depend on your specific requirements, including the complexity of your models, your trading volume, and your budget.
Remember, the jungle of financial technology is vast and constantly evolving. It might be worth swinging by some forums or discussions, perhaps even on Wall Street Oasis, to see what platforms other quants are using and recommending. Networking and sharing knowledge can often lead to discovering the perfect tool for your trading arsenal.
Sources: https://www.wallstreetoasis.com/forum/hedge-fund/demystify-systematic-macro?customgpt=1, Ask Me Anything - Buy Side Systematic Quant, For the Quants: Quantopian, "Quantamental" firms?, Trading Own Quant Strategy at Prop Shop
Not sure what you mean by this. You want to input fair values to a system and have it generate trades for you? I think there is a lot more information that you will need to tell the system, such as how you want the system to convert fair values into a target portfolio, how fast to want it to get to your targets, etc.
Yes, there are several other parameters too, that’s a given. Do you know of any good OMS platforms? If you don’t that’s ok.
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