Puppetmaster Trading was formed in 2005 to develop and trade an alpha-seeking algorithmic-trading platform featuring the systematic development and execution of quantitative trading strategies.

StratBox, our unique algorithmic trading platform, is broker neutral, multi-currency and multi-asset. It lies at the heart of our proprietary trading operations and can be deployed to meet a variety of institutional needs on both the buy and sell side.

With StratBox you can build it, test it and trade it all in one powerful environment. From low-latency, high-frequency futures strategies to long-only equity portfolio management to options market-making, the environment adapts to your style of trading and risk management.

Built by Wall St. sell-side veterans, the StratBox platform was designed from the ground up for scalable industrial use. The runtime environment can easily support thousands of concurrent strategies executing across an arbitrary number of exchanges on modest server hardware.

Alternately configured to run on a trader's workstation with a rich realtime user-interface, StratBox can still support many hundreds of strategies, each receiving thousands of market data messages per second.

The system is characterized by an industry-leading exchange simulator which supports an execution model of unprecedented detail. All order types, including conditional and composite varieties, are supported and faithfully reproduced over historical or realtime data. This fine-grained level of detail within our exchange simulator means that even extremely "close to the market" strategies can be accurately backtested and optimized.

The scalability and realism of our strategy engine opens up the unique capability of real-time optimization in support of e.g., regime switching composite strategies.

At Puppetmaster Trading, we understand that a trading platform is only as good as the strategies it employs. Read on about our innovative strategy design model.

Puppetmaster Trading presents a powerful strategy design model which encourages the functional re-use of components for any aspect of your trading requirements including risk management, execution quality, etc. These StratParts can be combined to form new strategies with different characteristics and can be configured and optimized by the system over historical data or in real-time.

StratParts expose configurable and optimizable characteristics about themselves through metadata which the platform can use for historical optimizations. These parameters can be of any type or complexity - including tradeable products, currencies, numbers, dates or any other value which might be represented through software. During runtime execution of a strategy, these parameters can be dynamically adjusted by strategic elements or human traders.

With the sophisticated Puppetmaster strategy model, not only can you configure and optimize existing strategies - you can allow the system to compose and analyze entirely new strategies based on historical assessments along criterion that you choose.

Read how our configurable & composable strategy model can be used to implement execution quality and alpha-seeking trading algorithms.

Algorithmic trading has its roots in institutional execution-quality requirements for large-scale or block trading - to minimize market impact, transaction costs and any number of risks inherent in trading in size on volatile markets. The vast majority of algorithmic trading - and in many marketplaces the clear majority of all trading activity! - remains the domain of such strategies.

StratBox's industrial scalability allows for efficient and secure deployments of many such common trading strategies ranging from VWAP varieties to high-frequency non-predictive market-making and arbitrage.

Institutional users can leverage these capabilities for their own proprietary trading needs or they can integrate the system into their Prime Brokerage offerings via their FIX-based Order Management Systems, making powerful customized strategies seamlessly available as value-added offerings for more demanding or higher-volume clients.

While StratBox is well suited for these purposes, we've also supplied many features invaluable for highly quantitative alpha-seeking strategies.

As the industry has gained experience and developed expertise in algorithmic trading, the emphasis has naturally progressed from the relatively quotidian pursuit for execution quality to the more ambitious task of actively beating the market - so called alpha-seeking strategies.

StratBox's sophisticated compositional strategy design model combined with its comprehensive backtesting and optimization capabilities provides a powerful platform for the most demanding quantitative strategies.

The system incorporates an efficient and easily extensible proprietary engine for the definition and use of Hidden Markov Models thus supporting complex, stateful decision environments. Multi-dimensional correlation matrices are similarly easily accessible as is the full functionality of the QuantLib library's powerful pricing engines and modelling packages. Our open API further supports the inclusion of your own favorite or proprietary quantitative functionality.

Our unique ability to run hundreds or thousands of parallel strategies in realtime on simulated exchanges, combined with the ability to manually or systematically promote successful strategies onto the live markets opens new avenues for the realtime tuning or optimization of alpha-seeking strategies.

Puppetmaster Trading was established in 2005 and is a privately owned company with offices in Manhattan and Tel Aviv. Just as algorithmic trading is instrinsically multi-disciplinary, our business is composed of complementary practices.

Fully-systematic proprietary trading. We are passionate about capital markets and believe that only those actively participating in them can develop systems with the requisite flexibility and performance demanded by automated trading. We trade a variety of fully-automated quantitative models within a rigorous risk management framework on our unique software platform.

Software house and services provider. In support of our trading activities, we've developed a platform which can be deployed in a variety of configurations for the benefit of institutional clients and trading partners. Our platform, our technical expertise and our trading experience can all be leveraged through trading partnerships or professional services engagements. We have experience in all of the following areas:

• Developing, testing and trading quantitative models
• Analyzing and optimizing algorithms
• Designing and managing platform installations for firms starting or upgrading an algorithmic trading practice