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Triad Securities Corp adds execution algos from BestEx Research

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Triad Securities, a full-service, agency-only brokerage firm, has partnered with BestEx Research Group to provide Triad’s clients with access BestEx’s newly-launched, next-generation algorithmic trading platform.Founded and led by industry veteran Hitesh Mittal, who previously served as head of AQR’s Global Trading Strategies Group and before that ran ITG’s algorithmic trading business, BestEx Research Group is an independent, high-performance algorithmic trading software provider. The firm’s broker-neutral trading solution combines expert consultation with sophisticated execution algorithms, a back-testing platform and multi-asset TCA capabilities, allowing investment managers to access the liquidity they need while minimising trading costs and information leakage.

BestEx CEO Mittal says: “Triad has built a loyal client following over the past 45 years by focusing on service, independence and technological innovation. Those are many of the same tenets on which we’ve built our business, so we’re excited to partner with them to bring our high-performance platform to their client base.”

Kevin Schultz, Triad Securities Chairman, says: “The BestEx platform was built using robust quantitative design techniques and back tested with thousands of simulations to minimise spread costs, market impact and adverse selection. We believe this represents the next generation of algorithmic trading and are excited to add their innovative new suite of trading tools to our existing algorithmic offering.

“Our flexible and customisable trade execution platform allows traders to access a variety of algos using their preferred order entry method, from fully electronic all the way to spreadsheet. We specialise in servicing clients in whatever way best meets their workflow needs, and the BestEx platform will allow us to add an important new arrow to our quiver.”

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