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Malbec selects Gissing Software to deliver market data for quantitative algorithms

Gissing Software, which specialises in the routing and transformation of real-time market and trade data, has announced that a new alternative investment platform launched by Malbec Partners has adopted its technological infrastructure.

By implementing Gissing RealtimeXL in conjunction with a multi-vendor contribution system, Gissing ConteX MCS, Malbec has devised what Gissing describes as a robust and highly flexible framework for its new operation.

Gissing RealtimeXL allows Malbec to combine internal pricing data with real-time market data, helping it to develop trading strategies and create new algorithms. This derived data is then instantly shared among multiple users including quantitative analysts and traders using Gissing ConteX MCS. Once proven, the algorithms are converted into Java applications, using the Gissing TCP API.

The Gissing ConteX MCS also provides integration with the Bloomberg Trading System to feed real-time positions data directly into traders' spreadsheets. The firm says this closes the market data loop, enabling accurate position management at all times.

'Gissing was critical to the successful launch of our platform, and we have been impressed with the stability and ease-of-use of ConteX and RealtimeXL,' says Bassim Al-Khafaji, chief information officer for Malbec Partners, which is based in New York City but plans to open an office in London

Gissing Software chief executive Mike Vieyra says: 'We have worked very closely with Malbec to develop a scalable platform to deliver real-time price information to its highly experienced investment teams. It is using this core infrastructure to perfect its trading strategies and we anticipate this integrated approach will also help it to enhance the performance of its algorithms over time.

'As the company introduces new strategies and continues to grow we look forward to supporting it with a framework for success. The buy-side demand for flexible, low-latency market data infrastructures will continue to be a driving force for our business in 2008.'

Gissing Software, which is based in Bromley in the London area and has an office in New York, was founded in 1991 and has built up a clientele almost entirely composed of tier one banks and brokers, with more than 50 installations worldwide.

Its main product areas are multi-contribution systems for management and distribution of market data to financial data vendors and partnering businesses, real-time Excel solutions for financial professionals in analytics, trading, pricing, data contribution and administration, and Mifid solutions including pre-trade and post-trade transparency, data aggregation for input to best execution policies, trade data capture transformation and system integration for fixed income securities, foreign exchange and other investment instruments.

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