Institutional FX expertise
A specialist
FX partner.
For the whole
journey.
Research and technology for the systems, relationships and decisions behind institutional trading.
Liquidity. Execution.
Perspective.
Understand the activity.
Liquidity and execution in the context of the trading mandate.
Connect the components.
Infrastructure, routing and controls considered together.
Work from evidence.
Analysis that supports practical decisions and ongoing review.
What we work on
Specialist expertise.
Connected thinking.
Explore the areas in which we support professional market participants.
Liquidity management
Liquidity relationships, aggregation and the characteristics of institutional flow, considered as part of a coherent execution framework. Scope and delivery are defined around each institution’s requirements.
Execution & order routing
Algorithmic logic, connectivity and execution controls designed around the practical requirements of the trading activity. Scope and delivery are defined around each institution’s requirements.
Execution analytics
Transaction-cost analysis, liquidity assessment and market-microstructure research to support informed decisions. Scope and delivery are defined around each institution’s requirements.
Market-making technology
Technical work across pricing, quote management, hedging logic and the analytical tools that support a trading desk. Scope and delivery are defined around each institution’s requirements.
About ATHL
A specialist partner
for considered decisions.
ATHL Research & Technology works across institutional FX liquidity, execution and trading technology. Our work connects market understanding with practical engineering and detailed analysis. Engagements are shaped around the requirements of each institution, from an initial review to implementation and ongoing refinement.
How we work
From understanding
to practical delivery.
A clear scope, a disciplined process and attention to the operating detail.
Establish the requirements.
Understand the trading activity, priorities and constraints.
Examine the evidence.
Review relevant data, relationships and technical architecture.
Shape the implementation.
Develop the agreed systems and execution framework.
Review & refine.
Keep the analysis connected to how the operation evolves.
A conversation is a useful starting point
Discuss your requirements.
Share your current setup, your priorities and the questions you would like to examine.