Chi-Tech, the technology services unit of trading venue operator Chi-X Global, has announced that Dutch investment firm ABR Financial will use its MarketPrizm infrastructure to power its automated trading strategies.
ABR Financial’s primary business is trading pan-European derivatives and providing market-making services to pan-European equity markets. MarketPrizm, Chi-Tech’s electronic trading infrastructure offering, is based on a high-speed, bespoke network that has been specifically tailored to high-frequency and algorithmic trading strategies.
The service will supply ABR Financial with connectivity, low-latency market data delivery, co-location and proximity hosting services, as well as a range of applications from third-party providers.
“We continually work to increase performance, flexibility and operational efficiency in our trading operations. Particularly in the changing and innovating European financial markets environment, this is more essential than ever for maintaining our competitive advantage,” said Walter Hendriks, managing director for ABR Financial, in a statement. “We selected MarketPrizm to serve as a high performance, convenient infrastructure foundation for our high-frequency trading activities. We have been very pleased with the performance of the infrastructure, as well as the high standard of technical services provided by the group.”
”Our core focus is providing the highest performing, most cost effective and flexible infrastructure for firms conducting all types of electronic trading in the European markets today, where speed and low latency are mission-critical,” added Nicolas Levy, Chi-Tech’s managing director for MarketPrizm. “We certainly look forward to a long and successful relationship with the forward-thinking ABR Financial, supporting their business strategy and operational requirements.”