22 July 2018
Visit www.gemalto.com

RTS introduces FIX 5.0 gateway

04 August 2009  |  1114 views  |  0 Source: RTS Realtime Systems

RTS Realtime Systems Group, a global trading solutions provider, today announced that it has released a FIX 5.0 gateway that allows for algorithmic trading orders to be routed and executed by RTD Tango, the firm's algorithmic trading solution.

Under the new release, RTS customers across the world can leverage their own order management systems, write their own algorithms and route orders via the new FIX 5.0 gateway into RTD Tango. The new gateway is designed to appeal to banks, brokers and large institutions who can deploy the technology in multiple departments (such as proprietary and agency trading).

The gateway allows for algorithmic orders requiring greater functionality such as volume-weighted average price (VWAP), time-weighted average price (TWAP), pair and basket orders, to be executed by the RTD Tango engine in a "plug 'n play" fashion. RTS provides a proximity offering for DMA, enabling traders and firms to access multiple exchanges and asset classes with high speed and extremely low latency from its data centers located in key markets globally.

Said Alex Lamb, Executive Board Member at RTS:"The interface, particularly for this latest version of FIX, is another example of how our open system approach provides for straightforward integration of our clients' applications. RTS' solutions continue to do the heavy lifting for our client base of top tier firms, for whom high-performance, cost-effective solutions are a must."

FIX (The Financial Information eXchange) is a globally recognized messaging standard enabling the electronic communication of pre-trade and trade messages between financial institutions, investment managers, broker/dealers, electronic communication networks (ECNs) and exchanges.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit info.nice.comVisit iliad-solutions.com/

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13883 views comments | 7 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11491 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10266 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7652 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7521 views comments | 2 tweets | 7 linkedin

Featured job

Competitive base, double ote, benefits
New York, Boston, Chicago, Philadelphia, USA

Find your next job