Renaissance Capital, an emerging markets-focused investment bank, has partnered with GATElab to complete its trading offering for high-speed traders.
GATElab, a trading systems provider owned by the London Stock Exchange, will deploy separate pre-trade risk gateways for FX (MICEX SELT) and futures (FORTS) trading, as well as post-trade cross-asset margining capabilities for equities, futures and FX.
According to RenCap, the new tools complete its asset class coverage for its consolidated, low-latency platform, allowing clients to cross-margin stocks, futures and FX positions through a single account.
“These products mark the completion of phase one of our strategy to be the de facto standard in sophisticated prime brokerage and ultra-high-speed access to Russia’s capital markets,” said Damian Bunce, CEO of RenCap’s electronic trading group. “By combining all market access and risk provision through a single solution we reduce support complexity, cost, and time to market, and at the same time improve reliability and scalability.”
“With the addition of the MICEX and FORTS HFTS Gateways, GATELab has enabled Renaissance Capital to offer its customers a complete electronic trading suite to invest on Russian capital markets, with unprecedented latency numbers and with post-trading cross-asset margining in real time,” added GATElab managing director Stefano Falciani.