Algorithmic trading and direct market access (DMA) are big business, but they also carry big risks. There only needs to be a cursory scan of news reports from the past few years to see that algorithmic failures can be costly, both in terms of penalties from regulators and exchanges, but also through the reputational damage that can ensue. With that in mind, the capability to thoroughly back-test strategies, using as much information as possible, becomes paramount. The Deltix Product Suite, in its provision of integrated products that allow for development, simulation, optimization, and execution, has enabled buy-side clients to fulfill these essential aspects of algorithmic trading quickly and safely.
The Deltix Product Suite comprises the QuantServer and QuantOffice software packages on an integrated basis. Supporting equities, foreign exchange (FX), futures and options, the QuantOffice platform allows for back-testing, powered by full market data, fundamentals, and digitized news, served by Deltix’s TimeBase data warehouse. QuantServer allows for live trading on a DMA basis, with order progression managed through its Trading Console interface.
In an area where speed is of the essence, Deltix stands out for having products managing the entire lifecycle of algorithmic development and execution on one platform, eliminating the need for plugging in other vendors. The power of QuantServer Architect, too, allows users to quickly configure venues and market data providers, reducing time-to-market in an environment where strategies need to be adapted, simulated and deployed in short time periods.
In terms of its testing capabilities, too, the suite allows for Level 1 and Level 2 tick history, along with visual analytics capabilities that allow developers to overlay tick-by-tick data with order generations and executions. Keeping current, the addition of sentiment data gives users the ability to finesse input from emerging areas of trading indicators and incorporate that into their algorithms, should they wish to.
Algorithmic trading is an ultra-competitive form of an overwhelmingly competitive industry. That doesn’t mean, though, that proper testing and safety doesn’t have its place alongside the need for alacrity. This is something that Deltix has realized, filling an important market niche in the process.
“We are delighted and honored to win this award. We maintain massive investment in research and development for our quantitative, direct market access, and algorithmic products and it is very rewarding to win this award in recognition of this investment.”
—Ilya Gorelik, CEO and founder, Deltix
Anthony and James examine some of the key themes that will be on display at the inaugural North American Innovation Summit.Subscribe to Weekly Wrap emails