Itarle AG (itarle), the provider of multi asset algorithmic trading and analytics services for the sell-side, today announced the creation of a new subsidiary, itarle (Hong Kong) Ltd plus the opening of a regional office in Hong Kong.
This expansion continues a strong growth momentum for the company, which has been providing independent algorithmic trading services to sell side firms in the Asia Pacific region since 2007.
itarle provides algorithmic trading, smart order routing and transaction cost analysis services to sell-side firms executing transactions on global equity and futures exchanges. The unique itarle service enables clients to trade using their own exchange memberships and existing connectivity channels.
The opening of the Hong Kong office is as a result of client requests for increased exchange support in the region and follows the success of the Asian algorithmic trading services that itarle have deployed in the Equinix HK1 data centre.
Paul Lynch, CEO of itarle commented “Establishing a physical presence in Hong Kong is an important part of our strategic plans for 2016. We are excited to be adding to our global team in support of our growing client base.”
David Foster, Algorithmic Trading Manager, who is currently recruiting sales and operational staff commented, “itarle is poised to capitalise on tremendous opportunities to expand our trading services coverage here in Asia”. He added, “I’m looking forward to being part of this next phase of the company’s growth.”
The office will be based in Tsim Sha Tsui, Kowloon.