Automated Trading Strategies and FORRS Automated Trading Maturity Model

Recently, a German consulting firm contacted us to inform us about its Maturity Model for algorithmic trading. Founded in 2015, FORRS is a consulting firm focused on the financial, energy and commodities space. With offices in Heidelberg and Munich, it provides a range of services like management consulting, business consulting, regulatory advice and solution design. In energy and commodities, it takes a process-oriented view towards its services. It looks at business activities, data and processes from the front to the back office, identifying areas where it can increase efficiency and sophistication, and provide strategy and advice. Specific areas of focus include things like market data, pricing & algorithms, system parameterization, risk management and so on. As an example, Martin Hiller used the market data area. “No matter whether the client has an in house or third-party solution installed, we can help with identifying the types and sources of data needed, with making build or buy decisions around new software, and in the complete implementation program,” he told me. The same applies to areas like risk where they can help with risk models, pricing models, and so and have even developed their own valuation library for financial and energy derivatives. “Companies… continue reading

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