Tethys announces RollManager product for Futures Calendar Spreads

First Published 27th June 2012

Tethys announces the Tethys RollManager product for Futures Calendar Spreads, first provider to offer a full-suite of Calendar Spread Algorithms

New York - Tethys Technology, Inc., the provider of execution algorithms and multi-asset trading software and analytics, has announced the release of its Tethys RollManager^TM product.

Calendar Spreads are a critical part of futures trading and represent 20% of global futures volume. Futures contracts expire monthly or quarterly and portfolio managers need to roll their positions close to expiry. There are substantial timing and operational risks associated with futures calendar spread trading. Often, Calendar Spread trading is prone to human error and is characterized by poor execution quality. Tethys RollManager^TM aims to eliminate these risks and offer execution quality previously only available to sophisticated market-making and high-frequency firms. The product includes support for all major exchanges in North America, Asia and Europe. All asset classes including commodities, currencies, equities and rates are included in the offering.

"In order to achieve maximum trading efficiencies and ensure best execution, firms need to approach Calendar Spread execution in a systematic way," said Nitin Gambhir CEO, Tethys Technology. "Calendar Spread trading is complicated and many firms realize inferior execution. Additionally, the risk of trading errors is quite high. Our Tethys RollManager^TM product is a ground-breaking offering and features sophisticated quantitative innovations."