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Westpac

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Greg Hincksman, Head of Execution, Corporate Sales, Australia
Westpac
275 Kent Street,
Sydney
Australia
Algorithms Offered & Their Execution Styles
Names of key fx algo strategies:
TWAP: Executes an order over a defined time period specified by the customer
Liquidity Seeker: Designed to take advantage of available market liquidity, while allowing the user to specify the level of market participation

Also available:
Supported currency pairs:
G10, plus CNH, HKD, SGD. All available pairs, including Asia deliverables, can be crossed against AUD as well as USD.
Features & Functionality
Use of adaptive execution technology
Use of smart order routing SOR logic
Inflight execution modification possible
Algo safety controls offered
Other associated services:
Synthetic crossing capability – Westpac’s algos are designed to take advantage of both directly quoted liquidity and liquidity against USD or EUR for each of our supported currency pairs, choosing the best prevailing market price for each individual transaction.
TCA / Analytics Offered
Breakdown of child executions
Other associated services:
Our post trade services are driven by customer demand for transparency and reporting. Reports can be customised on request to include other metrics. Our sales and algo specialists are on hand to assist with client-focussed discussion on our algo execution capability and how this can be used to meet the client’s execution objectives.
Distribution Channels Available
Via third party platforms
Liquidity Access
Access to external sources
Access to internal sources
Liquidity source customisation available
Service Offering
247 technical support
Facilitation of buy-side reporting
Benchmarks and investment product support
Other associated services:
Netting of benchmark orders. Westpac offers algos to further leverage our expertise in the Aus/NZ markets, offering our clients local specialist advice with a global reach.

ASSOCIATED ARTICLES & AUDIO/VISUAL RESOURCES