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Kepler Cheuvreux
With approximately 600 buy-side clients who actively use its algorithms , Kepler Cheuvreux has scored just below the overall average ( Kepler score 5.80 , the overall average was 5.81 ). Supporting the majority of the core algorithms when it comes to crypto , equities and ETFs , Kepler trades mainly in APAC , Europe and North America – represented by the buyside respondents , who are largely from Europe ( 69 %) and the UK ( 27 %), with traders with $ 50bn or more making up over a quarter ( 27 %) of respondents .
Unsurprisingly , customer support takes the top spot for the second year in a row , with traders considering Kepler as having “ the best customer support and service of all our brokers ”. The Kepler team were praised for their attentiveness and knowledge . This is the only category that scored “ very good ”, although anonymity came in a very close second with a score of 5.99 , moving up 11
decimal points since 2023 .
The most significant upward trend this year is for algo monitoring , moving up 0.18 with Kepler putting this down to its continued development of its flagship liquidity-seeking algos , Pulse and HuntNow . As well as its API analytical suite which powers the KCx algorithmic suite .
The biggest downward shift this year is in execution consistency , dropping 0.19 to 5.75 , however , it is routing logic analysis which has taken the bottom spot , with a score of 5.50 .
There are also two categories , increase trader productivity and speed , which are completely in line with the average score , both having fallen slightly , -0.03 and -0.05 respectively .
Roughly 17 % of clients are considering using additional algorithmic trading providers over the next 12 months , with Liquidnet getting several mentions .
KEPLER CHEUVREUX RATINGS FOR ALGORITHMIC PERFORMANCE
Increased trader productivity |
Reduced market impact |
Execution consistency |
Cost Speed Anonymity Price improvement Customisation |
5.94 5.82 5.75 5.75 5.86 5.99 5.69 5.83
Ease of use |
Order routing logic / analysis |
Customer support |
Execution consulting |
Dark pool access |
Flexibility and sophistication of SOR |
Algo monitoring |
Average score |
5.93 5.50 6.09 5.62 5.73 5.70 5.72 5.80
KEY STATS Overall Outperformer : NO Category Outperformer : X5
6.09 Highest score
( Customer support )
|
5.50
Lowest score ( Routing logic analysis )
|
0.18
Most improved ( Algo monitoring )
|
-0.19
Least improved ( Execution consistency )
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86 // TheTRADE // Q1 2024 |
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