Fidessa has added its BlueBox algorithmic trading engine to its hosted Asian trading platform for brokers.

BlueBox provides pre-built, industry standard algorithmic strategies as well as a toolkit for clients to build and offer their own proprietary models.

In a statement, David Jenkins, Business Solutions Manager at Fidessa in Asia, said, "Fidessa BlueBox has redefined the algorithmic market by lowering the financial barriers and complexities of algorithmic solutions. With this Asian launch we have initially added new models for VWAP, TWAP, POV, Passive and Short-sell tailored for the local markets."

He added, "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 also enables traders to track key performance indicators in real-time as well as alter parameters on the fly' slow down or speed up trading; and pause or stop an algorithm in response to changing market conditions or to mitigate risk.