Investec launches new eTrading platform ZebrA-X
Investec plc, the UK arm of South Africa based financial services company Investec, has announced the launch of its new electronic trading platform, ZebrA-X. The company said that this innovative platform is designed to create a distinct and high value offering in the market and meet the evolving needs of clients seeking rapid and efficient execution in the rapidly evolving electronic trading landscape.
Dominic Lowres, Head of Electronic Trading and Execution Strategy at Investec, commented:
“We are delighted to provide our clients with a state-of-the-art platform that enhances their trading experience. The ZebrA-X dark algorithm, along with Zebra dark lit strategies, Zebra Block & the wheel solution, as well as benchmark strategies, allow them to execute trades efficiently, with a large amount of configuration choices. We anticipate a diverse stream of unique flows into ZebrA-X which will benefit all types of clients who will benefit from deep mid-price resident liquidity. We believe this approach delivers long-term value to clients and will help enhance overall levels of execution quality.”
Clive Murray, Head of Equities at Investec, added:
“Bespoke execution consultancy is at the heart of our model, and ZebrA-X not only complements our existing high-touch trading solutions but also provides in-depth execution analysis that enhances our relationships with clients, helping to deliver an out of the ordinary level of service to them.”
ZebrA-X will provide clients with access to a comprehensive suite of benchmark, liquidity-seeking algorithms, underpinned by Investec’s consultative execution team, connecting with a range of liquidity providers and venues.
The optimised solution is designed to facilitate the efficient execution of block trades and offers the ability to internalise institutional and retail order flow, helping to reduce pre- and post-trade signalling.
Investec noted that it already captures over 5.6% of flows in the FTSE 250, showcasing its strong position in the UK market. Its market expertise in both the UK and South Africa means that it can trade in 64 markets from these two locations.
The introduction of ZebrA-X follows Investec’s recent expansion into electronic trading, which includes the establishment of a dedicated electronic equity trading desk. This new desk, headed by Dominic Lowres and supported by Matthew West, aims to cater to the growing demand for automated trading solutions, particularly in light of the increasing percentage of flows coming from passive investments.
About Investec
Investec Bank plc (IBP) is the banking subsidiary of Investec plc. Investec plc is a FTSE-250 listed company which holds the majority of Investec Group’s non-Southern African businesses under a dual listed company structure. IBP partners with private, institutional and corporate clients, offering banking and investment services in the UK, Europe and US, Continental Europe, Channel Island, India, Switzerland and Ireland.
IBP also offers wealth management services through its strategic partnership with Rathbones Group, the UK’s largest discretionary wealth manager. IBP has operated in the UK since 1992.