Software based on Nasdaq OMX Genium INET system.
ICAP has announced that its BrokerTec business has successful launched a new low-latency US fixed income trading platform.
The average latency on the upgraded platform, which retains the functionality from previous iterations while allowing for manual trading processes, has been reduced to 200 microseconds on average, according to ICAP. The software is based on Nasdaq OMX's Genium INET system.
"It has been a pleasure working with BrokerTec on the launch of the new Genium INET system," says Ravit Mandell, head of JP Morgan Quantitative Market Making. "They kept us well-informed, met their dates, and the new low-latency platform has a balance between the needs of the manual trader and those utilizing automated trading tools."
More from Sell Side Technology
Updating your subscription status
Entries to the Sell-Side Technology Awards 2015 now open
Entries to the 3rd annual Sell-Side Technology Awards are now open. The awards are open to all third-party vendors serving the sell side. Full entry criteria, the list of 2013 and 2014 winners, and descriptions of the 28 categories on offer for this year's program can be found on the SST Awards website.
The catalyst for change in client reporting is a more empowered, digitally aware consumer. Excellence of service delivery will be key to investment managers...
Without a consistent source of data and limited functionalities in existing systems, firms are unable to perform tasks that are becoming increasingly important...