NYSE Technologies, the technology unit of exchange group NYSE Euronext, has struck a deal to host software provider 4th Story’s algorithmic trading solution on its Secure Financial Transaction Infrastructure (SFTI) Integrated Partner Solutions platform.
The agreement will enable NYSE Technologies clients to benefit from the combination of 4th Story’s customisable, modular algorithmic strategy software with a low-latency depth of book market data offering via NYSE Technologies’ SuperFeed and a FIX messaging infrastructure with optional multi-market risk management tools via NYSE Technologies’ SFTI Sponsored Market Access.
“Working with 4th Story highlights our commitment to bringing the kinds of electronic trading services previously enjoyed by a select few to a much broader audience of users,” said Murray White, senior vice president, NYSE Technologies.
“This joint effort allows firms to get into algorithmic trading with an approachable, comprehensive, best-of-breed solution,” said Steve Smith, 4th Story’s CEO. “In addition, our flexible platform and consultative, highly customer-focused approach means that firms can easily tailor their algorithms to their needs, or those of their customers, to compete more effectively.”
4th Story software suite gives its clients the power to rapidly test and implement arbitrarily complex quantitative, algorithmic, and automated trading strategies including baskets, lists, index and pairs trading and complex algorithmic execution, order routing, market making and arbitrage.