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Trading Technologies Launches MultiBroker Platform
January 31, 2013
Customers can now leverage full Trading Technologies product suite. Celoxica launches hardware accelerated feed handler. Sidera expands Chicago-area network. Chinese investment bank deploys Apama Capital Markets platform.
Trading Technologies International: The provider of professional derivatives trading software announced the launch of a MultiBroker ASP service. With MultiBroker, the client can now enter orders from a single XTRADER workstation and send them to participating brokers through a direct market access network.
From a single screen, traders can move between brokers when routing orders directly to the world’s major futures. Brokers participating in the beta program include Bank of America Merrill Lynch, Credit Suisse, Deutsche Bank, HSBC, J.P. Morgan, Jefferies, Macquarie Bank Limited, Mizuho Securities U.S.A., Morgan Stanley, RBC Capital Markets and UBS.
With MultiBroker, clients can use TT’s full product suite including X_TRADER and its visual programming platform, ADL, and both a TT application programming interface and a Financial Information Exchange API.
In MultiBroker, separate pre-execution margin, credit and position limits are maintained by each broker while buy-side users have a single integrated view of positions and profit/loss across all brokers.
Celoxica: The provider of ultra low latency market data and order entry services for high frequency traders brought out a hardware accelerated feed handler for options trading firms.
The feed handler takes Options Price Reporting Authority (OPRA) data and provides last sale information and current options quotations from participant exchanges.
Based on field programmable gate array technology, Celoxica’s new OPRA binary feed handler enables clients to consume OPRA market data consistently at line-speed.
Sidera Networks: The digital communications carrier has extended its network to the the data center park in Elk Grove, IL . Sidera will offer dark fiber and lit services from 100 megabits a second to 100 gibabits a second between Chicago and three different data centers located in Elk Grove Village.
In addition, Sidera will soon connect Elk Grove to Aurora, IL to complete a ring from Chicago to Elk Grove, down to Aurora and back to Chicago.
Sidera’s network connects to 40 exchanges.
China Merchants Securities: The investment bank is deploying the Progress Apama Capital Markets platform to bring low latency, algorithmic trading to Chinese retail customers; China Merchants Securities also plans to extend its offering to institutional buy-side clients in the future.
The Apama Capital Markets platform went into production at China Merchants Securities in Shenzhen in June 2012. The company provides eight common strategies for equities and equity derivatives including volume-weighted average price (VWAP. In the future, China Merchants Securities plans to expand the platform to other asset classes including financial index futures and commodities futures.