StreamBase Systems has released a library of open order execution strategies for high frequency trading for use by hedge funds and other traders.

Each of the strategies is fully customisable and can be adapted by the user to fit their needs and differentiate their trading strategies in the market. The algorithms have been integrated within StreamBase's trading system framework.

"This integration allows firms to focus on developing unique strategies, back testing and iterating the business logic in their algorithms rather than spend time on the underlying trading infrastructure which is already integrated with basic strategies, with pre-built connectivity and pre-optimised for performance," said Richard Tibbetts, chief technology officer at StreamBase.

The eight order execution strategies offered by StreamBase are volume weighted average price, time weighted average price, arrival price/implementation shortfall, percentage of participation, vector volume, vector quality, scaling and percentage of volume.

StreamBase provides complex event processing software which is used to build trading systems that analyse and act on real-time streaming data.