Fortis Bank Global Clearing (FBGC), a provider of post-trade and market access services, has connected its low-latency trading network to Sol-3 Trader, an execution management system offered by German IT firm Sol-3.
The cooperation will allow companies to use the Sol-3 Trader front end in combination with FBGC’s services. In addition to clearing, FBGC offers direct or indirect connectivity to around 45 of the world’s equity and derivative exchanges. FBGC’s suite of solutions range from access via software vendors’ trading applications to proximity hosting and co-location services for members and non-members.
The Sol-3 Trader system is designed for stock and derivative traders and market-makers and includes automated trading machines for quoting, opportunity trading, hedging, spreading and algorithmic trading.
The system provides connectivity to the major trading venues, including the cash and derivatives platforms of Deutsche Börse and NYSE Euronext, the London Stock Exchange, SIX Swiss Exchange, Xontro and Scoach.
It also connects to MTFs Chi-X Europe, Nasdaq OMX Europe, Turquoise, BATS Europe and Quote MTF as well as Deutsche Börse’s pan-European trading platform Xetra International Market.
“Adding the connectivity of Sol-3 to our low-latency, high-capacity trading network is a great opportunity for us both,” said Chris Lee, global head of market access at FBGC, in a statement. “It opens another door to us with Sol-3’s loyal customer base, and offers Sol-3 the opportunity to extend its reach into the large array of global derivative and equity markets we clear around the world.”