algomotive

Company profile

algomotive company profile

Over the past decade, Genuine Autoparts Ltd has successfully developed and deployed a fully automated algorithmic trading system. The system being deployed and scaled has been fully tested, having effected well in excess of 70,000 references traded over the last two years. Based on real-time data, the algorithmic trading system is profitable from inception, with an annual trading volume target of €10 million. algomotive™ provides peace of mind and security for all users, whether they are trading within the European continent or overseas. algomotive™ is a full-circle marketplace that is transforming and disrupting the automotive industry by simplifying the process and service for buying and selling automotive parts worldwide. Our self-contained platform for eB2B traders simplifies the process of searching for, identifying, and ordering wholesale automotive parts sourced from independent buyers and sellers, as well as shareholders belonging to the global leading purchase organizations. The business model differentiation sets our company apart from the competition through a different sourcing model that creates extremely competitive prices at purchase level, ones our company size or market don’t normally justify. Our proprietary disruptive technology addresses the critical automotive-industry issue of affordable mobility. algomotive™ is service-centric and unique. It combines a buying space with a price intelligence ecosystem to help progress this multi-billion global trade from what is still mostly non-digitalized activity, by providing precise online data on products, pricing, and inventory for the business. algomotive™ relies on a cloud-based big data-driven workflow, presently running one of the world's largest databases of automotive part prices and metadata information. It is updated in real time to supply over 500 AM and OE manufacturer brands to a trusting clientele found in five continents and served in 16 different languages. Our technology draws upon our trading community’s networks and infrastructure to provide web service API integration options for Freemium and Exclusive account holders.