Source: RTS Realtime Systems
RTS Realtime Systems Group (RTS), a leading independent software vendor, announced that as the New York Mercantile Exchange (NYMEX) today introduced electronic trading of options on COMEX gold and silver futures and NYMEX crude oil and natural gas futures on Globex, RTS is offering its RTD software on the trading floor to enable floor traders to participate in the new markets from day one.
RTS' state-of- the-art technology is known for its advanced quoting and options functionality and ease of use, as well as comprehensive functionality for futures trading. RTD software also supports electronic trading of these products from locations around the world.
Among those using the RTD software on the trading floor for the new roll-out are primary market makers, general market makers and floor traders, including many accessing RTS via hand-held computers. RTS has provided a fast roll-out of its adaptable technology for use on the trading floor.
"With the listing of these products electronically, both existing and new participants will benefit from a whole new pool of liquidity ", said Alex Beausang, RTS Senior Vice President, Sales. "Our ability to keep the playing field level for market participants, regardless of their physical location, has proven extremely valuable. This solution gives them full functionality both in and away from the trading pits, while all our users can take advantage of exchange matching engine proximity and enjoy a smooth and rapid roll-out with cost-efficient, fully hosted technology."
"RTS is well known as a tier-one provider for the entire range of Globex and other platforms' products, and we have enjoyed strong demand for our advanced functionality," said Alex Lamb, Senior Vice President, Business Development. "Our high performance software includes fast analytics, pricing, automatic hedging and extremely fast order and quote submission for traders and primary market makers alike. As one of the top providers of technology to the options industry, RTS is particularly well positioned to support traders' migration to the screen and general electronic volume growth for options on futures trading through our highly adaptable solutions."
Separately, RTS Realtime Systems Group, a leading independent software vendor (ISV), announces the relocation of its London office as part of its continuing expansion in the UK.
Effective 25th June 2007, the new office will be located at: 52-54 Gracechurch Street London EC3V 0EH