Two providers of trading technology have implemented high-speed market data and trading platform links to facilitate low-latency trading strategies for market participants.
RTS Realtime Systems Group, a trading technology provider, has launched a new sub-millisecond gateway for accessing markets run by exchange operator the CME Group.
Users of RTS's RTD Tango algorithmic trading platform and RTD Tango Trader point-and-click algorithmic solution will have the ability to connect to the CME Group and have access to all products traded on its Globex electronic platform with an internal latency of 100-150 microseconds.
RTS claims to have achieved a 60% speed and performance improvement on its existing gateway by circumventing a layer in the connectivity cycle. In the new gateway, order handling is now located on the Tango server, allowing trades to be sent straight from the RTD Tango engine into the CME iLink connectivity engine.
“This streamlined connectivity, which we plan to introduce later this year at other major exchanges globally, is the next step in our commitment to providing the fastest, most reliable exchange access possible for the world's most demanding financial institutions,” said Steffen Gemuenden, CEO of RTS.
Meanwhile, a strategic partnership between data provider Bloomberg and connectivity provider Equinix will provide customers located in the latter's IBX data centre with co-location, connectivity and interconnection options to Bloomberg's market data services, which include its B-PIPE real-time data and event-driven trading feeds, as well as its agency brokerage arm Bloomberg Tradebook.
“Together, Equinix and Bloomberg deliver a solution that addresses the growing need among global financial markets to securely connect to multiple partners simultaneously,” said John Knuff, general manager, global financial services at Equinix.