Renaissance Capital Successfully Goes Live with GATElab
GATElab, the independent multi-asset electronic trading systems provider, has announced the successful go-live of Renaissance Capital, an emerging markets investment bank on the London Stock Exchange - International Order Book (LSE-IOB) segment. In December 2011, Renaissance Capital went live on the LSE-IOB segment using GATElab's high frequency trading software (HFTS) module.
The GATElab HFTS module allows Renaissance Capital's clients market access in 30 microseconds one way, including pre-trade risk checks. Customers can code to the FIX API for low latency DMA access and can be hosted either in the LSE (co-lo) or their data center (proximity).
"We selected GATElab for their ultra low latency module's performance and for their time to market track record," says Sam Atkins, head of electronic trading group (ETG) development and exchange connectivity at Renaissance Capital. "With enhanced low latency figures and total solution flexibility, we were able to go live quickly and efficiently, satisfying our customization requirements in terms of pre-trade risk checks."
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