RTS and Squared Team Up on Algo Platform
RTS Realtime Systems Group (RTS), a Frankfurt-based algo trading platform supplier, and Squared Financial Services, a Dublin-based broker specializing in over-the-counter (OTC) spot foreign exchange (FX) and metals, have gone live with an trading solution that combines their two specialties.
As part of the collaboration, RTS developed an interface into the Squared Financial platform, featuring extensive market data on spot FX and precious metals. Clients of Squared Financial or RTS can choose to adopt RTS' Tango OnDemand, which features a packaged solution for algorithmic trading in a fully hosted environment. Driven by customer demand, Squared Financial has plans to launch non-deliverable forwards (NDFs) and a series of other new instruments in the near future, include spot crude WTI, XAU/THB (gold ounces/Thai Baht) and USD/CNY (US dollar/Chinese yuan).
"We expect that this initiative will be very attractive to those who want to expand into spot FX and metals either to hedge their currency exposure or to participate in the burgeoning gold and FX markets," says Andy Woodhouse, managing director of Asia-Pac for RTS. "By leveraging the Squared Financial expertise in the spot market and the robust RTS global trading solutions, client firms can very quickly expand their capabilities and improve their hedging experience."
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Systematic tools gain favor in fixed income
Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.
Waters Wrap: Examining the changing EMS landscape
After LSEG’s decision to sunset Redi, Anthony examines what might lie ahead for the EMS space.
This Week: Clear Street, AXA/AWS, TD Bank/Google Cloud and more
A summary of the latest financial technology news.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs