Russian investment bank Renaissance Capital has selected Itiviti's Tbricks platform for its options market-making, Delta-one algo trading.
The Moscow-based investment bank will replace its legacy systems in favor of the Tbricks by Itiviti platform to consolidate its trading business. The Tbricks platform is comprised of several modular applications for algorithmic, basket, hedge and spread trading.
"We were impressed by Tbricks by Itiviti's ability to consolidate our different trading strategies into one platform," said Vladimir Gibenko, head of IT at Renaissance Capital, in a statement. "The Itiviti team have been on hand to help us with replacing our legacy trading systems, and we are so far very happy with our partnership."
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails