20 October 2017
Register now

SunGard Fox River algos come to Silexx Obsidian platform

09 July 2013  |  1243 views  |  0 Source: SunGard

SunGard's Fox River Execution Solutions ("Fox River") is helping traders achieve more rapid growth by making its award-winning algorithms available to users of Silexx's Obsidian execution management system (EMS).

By providing Silexx customers access to Fox River's entire algorithm suite, professional traders and risk managers using Silexx will now have the tools to help improve execution quality, as well as provide Fox River customers with the ability to access the Silexx EMS.

"SunGard's Fox River algorithms will help provide Silexx traders and risk managers with improved fill trade rates and best price and execution. In addition, Silexx can offer customers a cost-effective, front-end gateway to Fox River algorithms." - Thomas Frey, president, Silexx Financial Systems.

"The availability of Fox River's algos on the Silexx platform will help traders leverage innovation to achieve growth targets by reducing trading cost and risk while increasing execution performance." - Bob Santella, president, SunGard's brokerage business.

Silexx's Obsidian platform provides the ability to dynamically generate an interface for all of Fox River's algorithm parameters, giving users the ability to seamlessly integrate their algorithms on the Obsidian platform and control the parameters of every algorithm.

Fox River helps buy-side and sell-side firms improve execution quality, minimize information leakage, and decrease overall execution costs. Fox River's algorithms provide a human element, mimicking the experience, logic and knowledge of a brilliant trader. Silexx's Obsidian is a multi-asset class trading platform used by brokerage firms, institutions and trading desks. It provides advanced trading analytics, real-time trading risk control and a low latency environment. 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Register nowvisit www.innotribe.com

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8412 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8243 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7390 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6775 views comments | 10 tweets | 21 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6432 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job