WATS® Equities

We offer innovative products, coupled with market insight and customer service, which translates into efficient trading strategies. Our full suite of state-of-the-art tools support effective execution and are customized to fit your trading objectives.

Our team of experienced traders design strategies that respond in real-time to changing market conditions, providing:

  • Access to all NMS market centers, including dark and lit venues through our proprietary smart router
  • In-depth quantitative index analysis
  • Fully customizable algorithmic trading

WATS Equities features:

  • Agency, event-driven, and pairs trading
  • Transition trading and basket optimization capabilities with our algorithms for efficient portfolio liquidation
  • Fully automated and customizable pairs and spread trading module that can accept any formula for multiple securities
  • WATS® Trade Color, a full transparency real-time trade analytics portal delivering market and portfolio intelligence to help drive trading decisions

Diversified suite of algorithms

Our dynamic suite of algorithms covers the spectrum of market participation, from stealth to aggressive, by:

  • Using sophisticated short-term price and volume forecasting to improve execution
  • Helping discover hidden liquidity through access to several carefully selected dark pools
  • Supporting single-stock transactions or portfolio-based trading

Learn about WATS Equities algorithms

Learn about WATS algorithms

Description
Urgency
Algorithm
Logic
Passive
Medium
Aggressive
Komodo Use stealth participation strategy to minimize information leakage.
Yes
Yes
Yes
Komodo Dark Simultaneously post in 17 dark pools at midpoint or better.
Yes
Yes
Yes
Cobra Dark Sweeps the spread, then posts the balance in the dark.
Yes
Cobra Kai Sweep depth of market to a desired limit including lit, reserve, and dark markets.
Yes
Jackhammer Use the Adaptive Peg Strategy to post out loud.
Yes
Yes
Yes
Smart Order Router Gain access to all NMS market centers, including dark and lit venues through a proprietary smart router.
Yes
Hanzo VWAP Minimize slippage to volume weighted average price (VWAP).
Yes
Hanzo TWAP Minimize slippage to time weighted average price (TWAP).
Yes
Volume Participation Target a percentage of volume participation.
OIS (Optimized Implementation Shortfall) Use the Wells Fargo forecasting model to minimize slippage from arrival price.
Pairs (High Touch Only) Customize pairs to include various formulas including relative performance, spread, ratio, index/benchmark trading, and merger arbitrage.
Custom Create custom strategies of various parameters.
Yes
Yes
Yes

Where to find us

Find WATS Equities on all OMS/EMS providers including:

  • Bloomberg
  • Charles River
  • Eze Castle
  • Fidessa
  • FlexTrade
  • Instinet Newport3
  • ITG Triton
  • ITG Radical
  • LatentZero
  • LineData/LongView
  • Macgregor
  • Moxy
  • Neovest
  • PortWare
  • RealTick
  • Redi
  • Reuters
  • Tethys
  • TradingScreen

For information on all WATS Bloomberg offerings visit our execution page WATS< GO >