Deltix, a provider of software for the development of advanced quantitative strategies, has integrated its quantitative analytics and trading technology with Object Trading’s global DMA platform for equity, derivative and FX markets.
The demand for an integrated solution comes as firms must apply quantitative analysis to rapidly research trading strategies and easily deploy them across asset classes and geographies in order to compete.
The joint offering enables Deltix users to develop, test and implement trading strategies across more than 55 global markets using FrontRunner, Object Trading’s global DMA platform. FrontRunner is trading screen and venue agnostic, providing market data, trade execution and pre-trade risk constraints.
The Deltix product suite—which includes TimeBase, QuantOffice and QuantServer— provides support for all phases of quantitative research and trading, including data collection and aggregation, model development, back-testing, simulation and deployment to production.
The FrontRunner Suite provides normalized exchange connectivity, real-time market data, and order execution with in-line pre-trade risk constraints, greatly reducing the complexities of exchange connectivity. Through a single gateway, sell-side and buy-side firms can access equity, derivative and FX markets globally. The platform offers a quick time to market and low technical overhead to add additional markets with one integration, regardless of the trading systems the broker or buy-side client uses. FrontRunner removes the limitations to growth as markets multiply and grow in complexity, allowing firms to access new opportunities with minimal investment. More than half of the global Tier 1 banks use FrontRunner, which supports more than USD100bn in notional value traded on a daily basis.
“As firms look for more effective ways to capture alpha it becomes increasingly important to have both an effective method for identifying trading opportunities and an efficient way to access the markets to trade,” says Ilya Gorelik, Deltix founder and chief executive. “We are delighted to be working with Object Trading to provide an integrated solution that helps our clients reach more markets and identify more opportunities to develop and implement profitable trading strategies.”
Steve Woodyatt, chief executive at Object Trading says: “We are thrilled to create an end-to-end solution with Deltix that enables traders and analysts to easily access the global markets. Deltix’s quantitative modeling tools integrated with our FrontRunner global direct market access platform will allow users to quickly identify trading opportunities and enter markets on-demand with minimal internal technical overhead.”