Global reach

Kepler Cheuvreux Execution Services (KCx) provide a first-class trading platform with a global team of experienced High Touch, Low Touch, and Portfolio Sales Traders and Traders across 13 offices in Europe and the US.

The platform includes a full suite of liquidity-seeking and schedule-driven algorithms, advanced Transaction Cost Analysis software incorporating AI and Machine Learning techniques, and experienced execution consultants who assist in trader alpha preservation, all supported by a robust Back and Middle Office for support and efficient settlement.

A multi-year strategic investment by Kepler Cheuvreux in the Electronic Trading offering has been underway since 2020, with the intention to help you achieve improved execution performance at the last agency-only, independent European broker with proprietarily developed Algo strategies. More information here.

Services

A key element of our business, Kepler Cheuvreux’s execution services (KCx), comprise one of the most complete and customisable solutions on the market. We offer:

  • Sales Trading & High Touch Trading
  • Direct Market Access and Algorithmic Trading
  • Portfolio Trading
  • ETF
  • Equity Derivatives

Our awards

#1
Best Electronic Equities Trading (European Markets Choice Awards 2024)

#1
Financial Research & Execution Company (SME News UK Finance Awards 2023)

#3
Overall (Institutional Investor 2022)

#1
Delta One/ETF (Institutional Investor 2022)

KCx 2

Sales Trading

Through our expansive network, we service all major institutional investors: pension funds, mutual funds, hedge funds, risk arbitrage specialists, private banks, and quant-driven funds.

We ensure a two-fold approach to best meet your needs:

  • Closer to the clients: Our pan-European sales trading teams are located closer to domestic clients in all major European centres, plus a dedicated team in the US, allowing services to be tailor-made to every client’s needs.
  • Closer to the product: We have professionals in Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, New York, Oslo, Paris, Stockholm, and Zurich. This allows you to benefit from our multi-local presence with centralised operations and support.

Our sales traders are all experienced communicators between buy-side clients and Kepler Cheuvreux’s KCx capabilities, whether for single stocks, DMA, Algorithmic Trading or Portfolio Trading, and ad hoc requests.

Direct Market Access and Algorithmic Trading

Kepler Cheuvreux is a leading provider of Direct Market Access and Algorithmic Trading to demanding buy-side and sell-side clients. Our work doesn’t stop with connectivity. Our desk of highly experienced staff is on hand to provide you with support. We believe effective, consistent execution quality comes from ongoing and open dialogue to ensure traders are using the right options, with the right customisation to suit their trading style and alpha horizon.

Dedicated Quantitative Development and Research teams have been developing algorithms since 1998 and are focused on a range of topics, such as customised algorithm development, market impact modelling, microstructure and order book analysis, liquidity studies, and the regulatory environment. These teams regularly utilise quant and machine learning practices to assist and drive R&D at KCx.

These teams contribute to a positive feedback loop in enhancing the KCx Algorithmic offering, assisted by Algo Traders and Electronic Sales Traders in optimising and consulting with you to improve and customise strategies with high granularity. The KCx Algorithmic offering is constantly evolving to improve your liquidity capture, execution performance, and market impact.

Portfolio Trading

Kepler Cheuvreux Portfolio Trading combines advanced technology and algorithms, with cutting-edge analytics and expertise to deliver a comprehensive execution service.

Our teams of highly experienced sales traders and traders have helped build a reputation for excellence in portfolio trading. As an agency broker your portfolio is our only concern, we have no proprietary positions or market making algorithms to consider, your trade is our sole focus. We have no conflicts of interest.

We also have a dedicated quantitative research team focused on a range of topics and able to produce bespoke reports or analysis upon request.

ETFs

Our dedicated sales trading team provides an exceptional level of service by helping clients find the most suitable ETFs for their needs.

Ability to price ETFs from all providers on all the main asset classes:

  • Equities
  • Commodities
  • Bonds
  • Money market

Competitive pricing and liquidity offering on all trades in European and US markets.

In September 2024, Kepler Cheuvreux has become the majority shareholder of Trackinsight, the global reference platform for ETF selection and analysis. With this transaction, Kepler Cheuvreux reaffirms its commitment to becoming the undisputed leader in the ETF sector by offering advanced services to professional investors, advisors, institutions, and issuers.

This strategic investment also strengthens Kepler Cheuvreux’s position in technological solutions, offering comprehensive and innovative solutions to meet the evolving needs of its clients. More here

Equity Derivatives

We provide our clients with execution services for all listed derivatives:

  • Index options
  • Single stock options
  • Index futures
  • Single stocks futures
  • Dividend swaps
  • Equity swaps

We offer sales trading through some of the most complete and customisable solutions on the market such as algorithmic trading, FIX connectivity, and synthetic orders.