Quod Financial, a provider of adaptive trading execution technology, has pre-loaded its Adaptive Smart Order Router (QF ASOR) with a library of trading algorithms for improving execution and lowering market impact.

QF ASOR now offers a range of algorithms including statistical-based algorithms; probabilistic-based algorithms; and mathematical optimization methods.

In a statement, Ali Pichvai, CEO of Quod Financial, said, "The days of separate infrastructure for scheduling and execution of orders are gone. By combining the trading and liquidity seeking algorithms, QF ASOR hunts lit and dark liquidity to maximize fill rates and makes real-time decisions to reduce market impact."

He added, "This is achieved through historical data, real-time analysis of pre- and post-trade data and the execution algorithms embedded in Quod Financial's Adaptive Execution Platform. By integrating Quod Financial's library of algorithms with its smart order routing capabilities, our clients will be able to clearly see the market impact of each order, as well as measure the success of grabbing liquidity in real-time. This, in turn, allows traders to respond in real-time to dynamic changes in liquidity conditions for highly efficient liquidity management."