RTS Connects To BGC Partners' eSpeed Electronic Platform

Published: 09-Jul-2009

To provide access to multiple pools of global liquidity

RTS Realtime Systems Group, a provider of trading solutions, has announced that its algorithmic trading solutions are now connected to BGC’s eSpeed electronic trading platform. The first customers plan to start trading this month.

The company claimed that in order to provide access to multiple pools of global liquidity, it is offering a co-located version of its algorithmic trading platform RTD Tango for low-latency access to BGC’s eSpeed platform. The set-up is designed to provide algorithmic trading capabilities for trading cash US Treasuries on BGC’s eSpeed platform alongside US Treasury futures on ELX Futures.

Steffen Gemuenden, CEO and President of RTS Realtime Systems, said: “Traders will now be able to build and deploy their alpha seeking trading strategies in a sub-millisecond environment with minimal up-front investment of time and resources. Buy- and sell-side institutions use RTD Tango to develop and execute their proprietary algorithms, leveraging their intellectual property.”

Dave Dugan, Buttonwood COO said: “RTS met our implementation time and speed to market expectations and RTS’ technology portfolio has been highly adaptive and easy to deploy.”

Robert Brown, Global Head of eBusiness integration at BGC Partners, said: “We look forward to working with RTS with the aim of providing access to other products available electronically on our proprietary trading platform. These currently include U.S. Treasuries, foreign exchange (FX) and International Government Bonds. Treasury futures on ELX Futures, which is scheduled to launch on July 10th, will also be available with BGC as the technology provider for ELX.”

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