Building the Backbone of Your Wealth Management Proposition

Feature of the Month: QEngine Aggregation and Allocation Capability

Wealth Management is never going to be less digital than it is now. Google search queries for “Robo-Advisor” yield over 31 million results and there are over 100 robo-advisory services available today. What must wealth managers do to differentiate their business?

Offering a seamless digital wealth management service that is relevant, affordable, and user-friendly needs to have two things- an attractive front-end (the customer touchpoint) and a faultless backend that orchestrates process orders, trades, and other back-office activities smoothly. The complexity of crafting this straight-through process is key to growing your digital wealth management business.

Intelligent automation in wealth advisory is complicated. Most digital wealth management companies provide little to no order management or straight through order execution capability. This means financial institutions need to consider third-party vendors to complete the process or create a manual workload that will make it difficult to scale their business

A Closer Look: Aggregation and Allocation Module on QEngine

After a customer makes an instruction whether to buy, sell, top-up, withdraw, or rebalance, there are several processes and checks that need to happen before the order is considered fulfilled. Pre-trade validation, order generation and execution, position management, and reconciliation require the support of high performant software and intricate quantitative solutions.

Quantifeed provides extensive order management and execution functionality that interfaces directly with numerous brokers and trading venues. Our order aggregation facility reduces the cost of execution, provides efficient execution of orders, and passes on a fair price to our clients and users. Some of the distinguishing features of Quantifeed’s order aggregation include:

  • Highly configurable to different order flows and order types

  • Works with different asset types (such as stocks, funds, ETFs)

  • Includes an extensive set of tools to configure, inspect, control, and support the process of aggregation

  • Adaptable to multiple order flows (such as rebalance, and user-initiated placement)

  • Integrates with Quantifeed notification system for notification of multiple aggregation related events

These features will make for easy management over thousands (if not more) of orders that would otherwise be too costly to maintain. Closely aligned to order aggregation is the process of trade allocation. Quantifeed’s trade allocation module includes the following capabilities:

  • Supports multiple trade allocation algorithms that deal with fully and partially filled orders

  • Customised trade allocation algorithms (implemented as “plugins”) to each client and flow

  • Standard algorithms that preference close-out orders, weighting and/or sequence of order (also supports external allocation of trades to orders)

  • Highly configurable and adaptable trade allocations (fill-based, time-based, event-based, and manual-based triggers)

  • Provides users with best and consistent prices

Quantifeed’s order aggregation and trade allocation modules on QEngine are highly configurable to our clients’ needs to offer best-in-class execution capabilities. The facility is designed to provide a flexible way of reducing the cost of execution and an efficient execution of orders. This translates to cost savings that can be passed on to the customer. It also benefits them by allowing for customised trade allocation algorithms dealing with partial execution orders. In addition, it provides a high degree of visibility and selectable control over the process and timing of both aggregation and trade allocation. All this easily integrates with Quantifeed’s notification system for alerts of multiple aggregation related activity, giving administrators full view and control over every event. These capabilities (and more) are neatly wrapped in one of Quantifeed’s QEngine capabilities called “QEngine Trading”.

QEngine Trading supports the end-to-end trade and order management process from the investor to trading venue, to settlement and reconciliation. It provides full support for banks and financial institutions to provide a delightful wealthcare service for their customers. QEngine Trading consists of multiple functionalities including assessments for validation, order generation and execution, aggregation, allocation and more. It can also be customised to plug any gaps that your wealth management business may have. QEngine Trading can be plugged into existing infrastructure or external systems to provide businesses the exact capability it needs. Its fully automated facilities will help your business run smoother, grow stronger, and scale faster.

Curious about how QEngine Trading can help your wealth business? Read more about our technology or contact us today to have a discussion.

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    Ross Milward

    Chief Technology Officer &
    Co-Founder

    Ross Milward leads Quantifeed’s technology and engineering efforts to deliver innovative digital wealth management solutions. Before co-founding Quantifeed, he spent more than 15 years in investment banking, holding senior positions in equity and equity derivatives technology.

    His expertise is in developing and managing large-scale enterprise-level global trading and risk systems. A former managing director, Ross has worked for Bank of America Merrill Lynch and Deutsche Bank. He has held multiple global and regional leadership roles, most recently as head of equities technology in Asia. He has worked in Hong Kong, Sydney and London.

    Ross holds a Bachelor’s degree in Computer Science with Honours and is a Fellow of the Securities Institute of Australia. He likes pushing his limits through long distance triathlon races.

    Michael McDonald

    Head of Web Engineering

    Michael McDonald builds Quantifeed’s online wealth management web application in order to deliver a user-friendly and integrated experience. Michael has over 11 years of experience in web application development.

    As Developer for Crossroads Hong Kong, he and his team set up the infrastructure for its donation and stock management application. As Developer at e-commerce company Synapse Connect in New Zealand, he and his team helped clients build mobile applications like prospersoftware.nz, providing him with a full-stack web development and DevOps skillset, servicing clients and back-office operations.

    Michael holds a Bachelor degree in Electrical and Computing Engineering from University of Canterbury New Zealand. He moved to Hong Kong in 2014 and enjoys the outdoors sports such as hiking and cycling.

    Joy Sun

    Head of Quantitative Engineering

    Joy steers Quantifeed’s research and development in systematic investment strategies, portfolio construction and trade execution. Prior to joining Quantifeed, she worked as a quantitative analyst in asset management and proprietary trading firms.

    She led development of trading strategies, including design,simulation and risk control, and research in market trend recognition and prediction. Joy earned her PhD in Operations Research from the University of Hong Kong, her MS in Statistics from Nan Kai University and her BS in Computational Mathematics from Dalian University of Technology.

    John Threlfall

    Head of Site Reliability Engineering

    John leads the SRE team in Singapore and is responsible for the overall infrastructure and SDLC of Quantifeed’s technology platform, QEngine. He ensures the design, availability, and reliability meets the requirements of both our internal and external users. He has over 20 years’ experience in the banking industry, with a demonstrated history in transforming back-office technology and developing reliable engineering systems for large financial institutions.

    Prior to joining Quantifeed, John held technical and leadership roles at Bank of America Merrill Lynch and Standard Chartered Bank. He holds a BSc degree in Artificial Intelligence from The University of Manchester in the United Kingdom. John moved to Singapore in 2008 and enjoys travelling with his family, football and scuba diving.

    Lars Bischoff

    Head of Core Engineering 

    Lars Bischoff is a lead senior software engineer on Quantifeed’s back-end services, with a focus on trading and external interfaces.

    Before joining Quantifeed, Lars had a number of leadership roles across major investment banks including Deutsche Bank, JP Morgan, UBS, and Citi. These roles included designing and implementing systems for Equities and Equity Derivatives Trading. Lars also held roles as country lead for Equities and Equity Derivatives Technology, as well as global lead for Equity Derivatives Trading.

    As a former Executive Director in Deutsche Bank and JP Morgan, Lars has extensive experience in building local and global development teams. In this capacity, he also defined and realised the technology direction and innovative platforms in the Equity and Equity Derivatives space for these two organisations. Lars holds a Bachelor of Science degree in Computer Science, from Macquarie University, Sydney.

    Chetan Shetty

    Head of Product Management

    Chetan leads Quantifeed’s product management capability and drives the implementation of features in our product that continuously solve digital wealth management problems for our clients.

    Chetan started his career as a software engineer in the aerospace industry working across the entire software development lifecycle. Subsequently he worked in various roles helping large enterprises in Hong Kong solve business problems with process and technology solutions. His experience ranges across aviation, insurance, public sector services and consulting. He has lived and worked across multiple countries and enjoys travelling to new places, tasting new cuisines and occasionally writing his blogs.

    Eric Lee

    Singapore Country Head & Head of Program Management

    Eric Lee leads the Singapore team in managing the delivery process to key regional clients such as DBS Singapore.

    Eric has held leadership roles throughout the capital markets technology domain in Morgan Stanley, Merrill Lynch, and Bank of America. He has worked extensively as the technology leader covering a broad set of functionality including  portfolio order management, equities, and electronic trading. Eric has worked around the world in locations such as Tokyo, London, New York City, and Hong Kong. He is currently based in Singapore.

    Eric has a Bachelor’s degree in Computer Science from the Columbia University School of Engineering and Applied Sciences.

    Conor Doyle

    Head of Pre-Sales

    Conor has over 20 years of experience of leading sales and service teams in high-growth financial software vendor organisations. His previous work experience focuses on leading multinational, cross-functional teams in the provision of leading-edge, highly complex and high-value fintech business solutions.

    Conor is an expert presenter, negotiator, and business operations manager; able to forge solid relationships with both clients and partners and build consensus across multiple organisational levels. He has demonstrated capacity for leadership and project management, with proven track record of meeting targets, overcoming challenges in real time, and delivering tangible results.

    Conor is bilingual (English and Japanese) with strong technical and integration experience and a Mechanical Engineering degree.

    Robert Rice

    Chief Sales Officer

    Robert Rice leads Quantifeed’s sales strategy and works with clients to define and deliver digital wealth management solutions. Based in Hong Kong for over 15 years, Robert has held sales leadership roles in APAC and EMEA at London Stock Exchange Group (formerly Refinitiv), Fitch Solutions, OFX and SNL Financial, leading teams servicing wealth managers, asset managers and financial institutions.

    His career is focused on brining innovative platforms, products and solutions to market helping clients meet their objectives. Robert is an appointed Mentor for the Hong Kong Fintech Week advising start-ups and market entrants on various topics and go to market initiatives.

    Audrey Wong

    Chief Operating Officer &
    Chief Financial Officer

    Audrey Wong manages operations and financial affairs to deliver on Quantifeed’s business strategy. Audrey joined Quantifeed from Bank of America Merrill Lynch, where she was COO for the equities division in Asia Pacific. Audrey’s tenure at Merrill Lynch included senior assignments in Toronto and New York, before relocating to Hong Kong in 2006 to take a new role as the Finance Head of Equities Derivatives for APR.

    Her responsibilities expanded to CFO of APAC Equities in 2011 and CFO for APAC Global Markets in 2013. Audrey holds a Bachelor of Business Administration from Brock University of Ontario. She is also a Chartered Professional Accountant of Ontario and Chartered Financial Analyst. Audrey enjoys biking and swimming with her two children.

    John Robson

    Chief Commercial Officer

    John Robson drives Quantifeed’s client partnerships. He works with financial institutions to assist them in developing their digital wealth management future. Based in Hong Kong for over 30 years, he has held regional leadership roles at JP Morgan, Nomura and Merrill Lynch managing teams which serviced the region’s consumer and private banks.

    His career has been focused on the development of investment platforms and products. He has been instrumental in introducing significant product innovation to wealth management platforms in Hong Kong, London and Tokyo.

    Alex Ypsilanti

    Chief Executive Officer &
    Co-Founder

    Alex Ypsilanti spearheads Quantifeed’s mission to solve the challenges of digital wealth management.

    Before co-founding Quantifeed, he spent fifteen years as an investment banking research analyst. His work enabled investors to improve their risk-adjusted returns and to gain access to a wider range of market strategies and risk premia. Alex, a top ranked analyst by Institutional Investor, had a leading role in the growth of the European ETF market, hedge fund replication and the use of volatility products in portfolios.

    A former managing director for Morgan Stanley and Bank of America Merrill Lynch, Alex has built and led teams of derivatives and quantitative strategists in London, Tokyo and Hong Kong.

    Alex holds Bachelors and Masters degrees in Information Systems Engineering and a PhD in Mathematical Finance from Imperial College, University of London.