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Project Planning, Our Approach.
The introduction of a new quantitative trading system (iBOX) has a
fundamental impact on many aspects of the technical and business
operations of a hedge fund. The success of the QTS is dependent on
the readiness of the customer in several key areas:
- business processes and procedures must be modified to
reflect the new system
- interface various legacy internal systems to handle the
selected interfaces of the iBOX
- staff training must be organized to use the new business
processes and systems in order to implement a successful
business strategy
- origins of quantitative research
- which trading models to use
- what source for analytics
- integration of iBOX inventory with a firm's back office
accounting
- order management allocation, reconciliation, discrepancy
- smart execution options from brokers
- market impact
- transaction cost accounting
In order to achieve a successful implementation phase, Pillar
Trading Technologies has initiated a multi-step process to help plan
and manage the roll-out of iBOX. An implementation strategy is
customized to each customer to reflect both the business and
technical aspects of the hedge fund operations.
Business awareness
Provide sufficient understanding of the impact of a quantitative
trading system on business strategy, policy and organization.
Business process
Describe the changes to existing business and operational procedures
required for the introduction of the quantitative trading system.
Training
Prepare the organization for the introduction of iBOX.
Technology
Cover the technical changes required by the hedge fund to support
iBOX, including hardware, network and software customizations.
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