ELX electronic liquidity exchange, a new, fully electronic futures exchange, has announced that that Realtime Systems Group (RTS), an independent software vendor (ISV) and provider of trading systems, has become the first ISV committed to provide connectivity to the exchange. The firm says the commitment will allow a wide range of market participants to access the exchange when it launches later this year.
ELX says it welcomes RTS’s capability of providing global institutions with access from the exchange’s first day of trading. In combination with eSpeed’s electronic trading system, ELX expects that RTS’s suite of products will help create liquidity and lower trading costs for market participants.
RTS offers access through its Realtime Trading Desktop (RTD) portfolio including RTD Application Programming Interface (RTD-API), RTD front-end trading system, and RTD Tango, its algorithmic trading system. RTS plans to initiate connectivity to the new exchange’s futures products when the exchange starts operating this year, the firm says.
“RTS looks forward to working closely with the founding members of the new exchange and other participants in order to contribute to providing unparalleled trading opportunities in the futures marketplace,” says Steffen Gemünden, co-CEO, RTS.