Best Execution & Trading Controls
Strengthen execution governance with better data, monitoring and evidence.
Markets & Trading
Electronic & Algorithmic Trading
Improve the technology, controls and workflows behind electronic execution.
Overview
What this means for your business.
Electronic execution connects trading logic with liquidity, routing, connectivity and control. Improvements need to account for how the full order lifecycle works in the markets the desk serves.
Capmark works with banks, brokers and trading firms across OMS, EMS and OEMS platforms, smart order routing, DMA and DEA, FIX connectivity, venue onboarding and execution quality.
Our support includes algorithmic testing, deployment controls and low-latency infrastructure. Quant Development & Trading Models provides complementary expertise in model design, prototyping and backtesting.
What we do
The expertise we bring.
We design and deliver the order and execution management systems, smart order routing, direct market access and connectivity that carry electronic order flow across lit, dark and bilateral venues.
We design, build, configure and tune execution strategies, including VWAP, implementation shortfall, liquidity-seeking and close algorithms. We work on strategy logic, placement models, routing rules, platform build and post-trade tuning. For research-led model development, signal testing, pricing models or deeper backtesting, see Quant Development & Trading Models.
We build the controls that allow algorithms to run safely: testing and conformance environments, deployment and rollback controls, kill switches, approval records, inventories and production monitoring. We apply the same discipline to vendor and machine-learning algorithms.
We use transaction cost analysis and execution evidence to improve routing, algorithm selection and counterparty choices. The wider policy, monitoring and reporting framework sits under Best Execution & Trading Controls.
We assess co-location, venue proximity, network design and market-data infrastructure where latency affects execution. We measure latency end to end, so investment is directed to the points that improve trading performance.
What to expect
A team shaped around the work.
A Senior Practitioner leads from day one. The first weeks benchmark the execution stack, routing logic, venue connectivity and algo controls, then agree the target design before build.
Implementation runs in phases: connectivity and venue onboarding, algo configuration, control design, parallel testing, staged cutover and hypercare monitoring.
Engagements range from focused venue or algo work to full execution-stack and governance programmes.
Scope may cover a specific execution capability or change across the wider electronic trading environment.
01
Assess
Establish the current state, the constraints, the risks and the value at stake.
02
Define
Shape the target model and the business case with the executives who own the outcome.
03
Mobilise
Stand up the team, the plan and the governance around the outcome.
04
Implement
Design, build and test the change, with the business alongside.
05
Sustain
Cutover, hypercare and handover, so the business runs it under its own control.
The same five stages on every engagement, led by senior practitioners end to end. How we work
Impact
Results from relevant work.
6 asset classes
Sharper execution evidenced
Execution quality evidenced across six asset classes
50+
Systems, platforms and venue integrations delivered
Across trading and execution programmes
80+
Trading venues and market-infrastructure connections delivered
Exchanges, MTFs, SIs and market-infrastructure links
Client result
Relevant client experience.
Capital Markets · Trading Technology
eFX and equities algorithmic-trading platform engineering for a US investment bank
A US Investment Bank · eFX & Equities Algorithmic Trading
The bank partnered with us to enhance its eFX platform, built on the third-party Integral solution, and its internal equities algorithmic trading platform: engineering back-to-back trades into the US book to manage risk, enhancing the Calypso-integrated middle office and updating order management systems including OPICS and Fenics.
- Integral
- Vendor eFX platform enhanced
- B2B
- Automated risk transfer to the US book
- Calypso
- Middle-office integration enhanced
- OPICS + Fenics
- Order management systems updated
Read the case study
Insights
Related perspectives.
Get in touch
Discuss Electronic & Algorithmic Trading.
Tell us what you are working through and the expertise you need.