RTS Realtime Systems Group, a trading technology provider, has released a new tool that allows buy-side traders to create their own algorithmic strategies.
RTD Tango Trader can be used by traders to develop their own proprietary, customisable algorithms before deploying them in an RTS-hosted environment or within their own infrastructure. Institutional investment firms be able to connect all traders using the solution to a single, RTS-supplied back-end system.
“Using this new tool, buy-side traders will benefit from having full control and visibility of their trading strategies as well as the ability to tailor them to their requirements,” Mark van Vugt, head of global sales, RTS, told theTRADEnews.com. “This eliminates the need to rely on broker algos without having any influence over the strategies themselves.”
Furthermore, brokers can use RTD Tango Trader to develop tailored solutions for clients using the Java programming language and make them available in real-time.
“With Java, there is no need for local installation of algorithms at the trader’s desk, which means traders can access their algorithmic strategies using a common existing infrastructure, such as the internet,” added van Vugt. “This is a significant advantage that isn’t offered by other independent software vendors yet.”
Brokers will also be able to benefit from RTS’s integrated risk management tool, which deploys extended risk limits to ensure that the firm and client are both protected.