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

A-Team Insight Blogs

Neueda Unveils Open Source Connectivity Solution for European Equities

Subscribe to our newsletter

Trading technology consultants Neueda has launched an open-source version of its markets connectivity software. The move seeks to address firms’ growing appetite for trading system components they can build around, rather than build high-performance infrastructures from scratch.

The company’s Front Office SDK – available free of charge via GitHub at https://github.com/blu-corner/fosdk  – allows trading firms connect to all of the European equity markets. Neueda has also launched a dedicated slack community to facilitate the exchange of ideas between trading system developers and Neueda’s Front Office SDK team (join at www.blu-corner.io)

According to Colin Pattison, managing director for capital markets at Neueda, the open-source Front Office SDK is a suite of modules and connectors that can be used to connect applications to European equity markets, and facilitate the development of electronic trading applications. “It is a cross-platform, cross-language framework, compatible with Linux, Windows and MacOS,” he says, “and allows developers to write their application in any of the main languages.”

Developers at trading firms can access Front Office SDK from Neueda’s Blu-Corner site, and integrate it with their own applications. Alternatively, Neueda’s own developers can help users integrate Front Office SDK or use it as part of custom applications within clients’ in-house frameworks.”

While the Front Office SDK hasn’t been designed for the ultra low-latency segment, combined with appropriate hardware platform Neueda reckons it is as performant as any commercial product on the market. “We understand the value of Open Source technology within capital markets,” says Pattison, “given its speed and flexibility, as well as its ability to remove upfront investment costs and harness the power of the community. Through open-sourcing this code, we are seeking to support other tech specialists in electronic trading, an area where we have a breadth of expertise. At the same time, we are actively inviting collaboration and welcome new partnerships.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to move to a modern, component based trading architecture using a Buy AND Build approach

To remain competitive in today’s electronic markets, firms need trading architectures that support rapid innovation, effortless integration of new capabilities, and the agility to respond to shifting market demands. This is prompting technology leaders to move beyond the traditional “Buy vs. Build” debate, a false dichotomy that oversimplifies the choice between generic, off-the-shelf platforms and...

BLOG

TMX Agrees to Acquire Cboe Canada and Australia, Reshaping Canadian Market Structure

TMX Group has agreed to acquire Cboe Australia and Cboe Canada from Cboe Global Markets for US$300 million (C$409 million), in a transaction that removes TMX’s principal challenger in Canadian equities trading and listings and folds Cboe’s Australian venue into the Toronto-based operator’s growth ambitions. The Canadian component is by far the more consequential leg...

EVENT

Eagle Alpha Alternative Data Conference, Fall, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...