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Beta-Gamma unveils FX Aggregator

18 October 2010  |  3258 views  |  0 Source: Beta-Gamma Research

Beta-Gamma Research Ltd., the specialist developer of sophisticated trading algorithms and automated trading, today announced the launch of its new FX Aggregator, providing one of the fastest aggregation engines commercially available.

Beta-Gamma has effectively reinvented FX aggregation as a powerful business tool offering enhanced profitability and a competitive edge, through unique pricing models. This is combined with a new approach to ownership i.e. a low, fixed-fee cost based on the number of workstations and market venue connections, rather than the usual 'dollars per million' or turnstile model.

Beta-Gamma recognises efficient rate manipulation is the precursor to providing the advantages of using algorithmic techniques to manage a dynamic FX book. The new Aggregator improves profitability through ultra high-speed access to multiple venues and unparalleled intelligent analysis of the markets. This greatly enhanced performance allows traders to hit and trade prices faster and more successfully.

Beta-Gamma's philosophy in business is to put the trader in control. FX Aggregator is designed by a team of professional traders, mathematicians and computer science PhDs, resulting in a trader-focused user interface, with execution algorithms configurable in real-time, putting the trader in control of the algorithms not vice versa. In addition, by enabling the trader to add new algos via a simple trader-accessible API there is no need for IT staff to be involved.

Howard Tolman, Beta-Gamma CEO, says: "FX Aggregator is nothing short of re-inventing aggregation. It allows traders to define and adapt the tools to be of real benefit. Speed provides the competitive edge by allowing traders to hit and trade prices faster and more successfully than the competition. FX Aggregator is a significant addition to the FX market and clients have seen how it improves profitability." He continues, "FX Aggregator was designed by our specialist team for professional traders; we understand their market and their requirements. All our products are designed and optimised to be efficient, fast, reliable and simple to use and are backed-up by a dedicated support service."

FX Aggregator rununs in real-time and its key features include superior flexibility, allowing execution on individual trading venues or against the aggregated price stream. Its execution algorithms can be pre-configured. Beta-Gamma's Simplified Trading API, with multiple language bindings, allows clients to design customised execution strategies and enhancements or link external systems or trading models to the FX Aggregator. It is quick to install and can support multiple workstations.

Significantly, FX Aggregator costs are known and fixed upfront, and will not increase with usage. The modular nature of FX Aggregator ensures clients only pay for those modules they need.

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