About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Adaptive Implements New Ultra-Low Latency Trading System for DriveWealth

Subscribe to our newsletter

DriveWealth LLC, a pioneer in fractional investing, has implemented a new ultra-low latency proprietary trading system developed by trading technology specialist Adaptive Financial Consulting.

DriveWealth currently provides trading capabilities to over 100 partners globally, with more than 12 million end users accessing the company’s software through third party retail platforms, according to the company.

The new system, designed to accommodate significant order volumes to support DriveWealth’s ambitious growth plans, will initially be used for all internalized orders for U.S. equities fractional trading, with other asset classes to follow.

Adaptive and DriveWealth’s core trading team worked closely together to deliver a solution that could meet DriveWealth’s demanding throughput targets and need for ultra-low latency. Adaptive’s approach provided the development acceleration, building on top of the open source Aeron Transport and Aeron Cluster solutions. Earlier this year, Adaptive acquired Real Logic, creators of Aeron.

“Our promise to our global fintech partners has always been that we will provide them with the best trading technology to access the U.S. markets,” said Harshal Deo, CTO of DriveWealth. “As demand from retail trading continues to grow, we looked for technology partners who could not only help us build capacity to scale but also innovate by combining the best proprietary technology with the best available vendor solutions to help us continue to support the exceptional growth in demand of our platform. Adaptive and Aeron proved the perfect choice.”

Donato Cuttone, CEO of DriveWealth Institutional added: “As retail participation surges and markets enter a new era of greater volatility, having a powerful technology offering that enables us to handle significant volumes at speed is vital. Developing a proprietary low-latency trading system with Adaptive not only differentiates DriveWealth from competitors, but gives us the ability to scale and perform reliably in a rapidly changing market. Working directly with Adaptive’s expert team allowed us to achieve this – delivering a next generation solution that perfectly suits our partners’ needs and future proofs our business in the long-term.”

Fergus Keenan, Chief Strategy Officer, Adaptive Financial Consulting, commented: “DriveWealth had a remit to deliver a customized trading solution at a time of great change for retail equity trading. Through this partnership, our experience in trading technology and Aeron Solution Accelerators were combined with DriveWealth’s desire to innovate and push the boundaries. The result is a truly state-of-the-art customized OMS. Adaptive is excited to continue working with the team at DriveWealth to evolve this solution and deliver new workflows using Aeron at the core.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Leveraging interoperability: Laying the foundations for unique best-of-breed trading solutions

Interoperability on the trading desk promises more actionable insights, real-time decision making, faster workflows and reduced errors by ensuring data consistency across frequently used applications. But how can these promises be kept in an environment characterised by multiple applications and user interfaces, numerous workflows and technology vendors competing for space on the trader’s desktop? This...

BLOG

Revolutionising Trading Workflows with AI and Interoperability

Together, AI and interoperability have the power to transform trader workflows in financial markets. Driven by the need for greater efficiency and performance, the promise of AI in decision-making and trade execution is now being realised through the integration of existing systems with new AI-based capabilities. This open, interoperable approach enables seamless workflows and personalised...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...