Quote MTF trumpets matching engine latency test results

Source: Quote MTF

Quote MTF, a next generation trading venue for Pan-European equities, today published latency test results for its matching engine, ThymeX.

The figures demonstrate low-latency order acknowledgement, order fill and cancel completion times. Quote MTF also confirmed that it is receiving strong support for its recently announced equity program from both passive liquidity providers and aggressive seekers. Details of its partnership negotiations will be announced later this year.

Tamas Madlena, CEO, Quote MTF, comments: "Execution speed is of paramount importance to an investment strategy's success as high or low yields can be decided in sub-millisecond timeframes. With the healthy, competitive trade venue environment that Europe currently enjoys, trading firms needn't compromise their strategies while seeking to benefit from lower costs. A tightly integrated, optimized trading environment is required to ensure that real return on investment is not affected by market delays or impact."

Madlena continues: "Quote MTF's equity program has gained significant interest and we will be finalising partnership agreements with a series of key liquidity providers throughout the rest of this year. By leveraging technology such as the ThymeX matching engine, which is tried, tested and proven in the Canadian markets via Omega ATS, Quote MTF is confident the platform will provide fully scalable, low-latency performance to support the surge of activity we foresee in the pipeline."

In addition to raw speed and an enticing business model, Quote MTF is leveraging a host of technology tools and features from parent company Orbixa, including connectivity and market data dissemination solutions.

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