Increased Electronic Trading in Futures Means Major IT Upgrades Needed
A Tabb Group report finds that nearly 90 percent of all US buy-side firms are expected to route their futures trades through electronic channels in 2012.
Electronic trading technology provider InfoReach unveiled its enhanced trading platform yesterday and CEO Allen Zaydlin says clients have been asking for more functionality in order to trade in complex order types, where the clients rolls up two, three or even four legs of futures trades into one transaction.
As brokers create and support a greater number of algorithms, InfoReach expanded its InfoReach TMS and InfoReach Prelude trading platforms to provide FIX-based multi-leg order capabilities for cross-asset derivative futures contracts and options trades.
"Our additional FIX functionality is a reflection of this demand in the market," Zaydlin says.
As the demand for capabilities to expand into complex strategies such as multi-legged spread trades through electronic means increases, this will also invariably create new opportunities and challenges for third-party providers to keep up with these new client-led desires.
How has your firm had to either upgrade or completely replace its systems as the electronification of the futures and options market has expanded? And what new challenges do you see resulting from this expansion as we head into 2013?
Send me an email at anthony.malakian@incisivemedia.com or call me at 646-490-3973.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Bloomberg offers auto-RFQ chat feed—but banks want a bigger prize
Traders hope for unfettered access to IB chat so they can build their own AI-enhanced trading tools
TMX launches ATS in US
The move represents the first expansion of the exchange group’s markets business outside of Canada.
AI co-pilot offers real-time portfolio rebalancing
WealthRyse’s platform melds graph theory, neural networks and quantum tech to help asset managers construct and rebalance portfolios more efficiently and at scale.
Opra considers ‘dynamic load balancing’ for options market
The data distributor recently completed a challenging project to build a 96-line feed. This new endeavor could prove just as challenging (but perhaps necessary) for the industry that will use it.
Big questions linger as DORA compliance approaches
The major EU regulation will go live tomorrow. Outstanding clarifications and confusion around the definition of an ICT service, penetration testing, subcontracting, and more remain.
Market data for private markets? BlackRock sees its big opportunity
The investment giant’s CEO said he envisions a far bigger private market business in 2025.
8 bank CTOs and CDOs sound off on artificial intelligence
Waters Wrap: Last year, WatersTechnology spoke with heads of technology and data from a range of tier-1 banks. Anthony pulls at one common thread from those interviews: AI.
Artificial intelligence, like a CDO, needs to learn from its mistakes
The IMD Wrap: The value of good data professionals isn’t how many things they’ve got right, says Max Bowie, but how many things they got wrong and then fixed.
