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

Options IT Deploys Virtual Exchange from FIN

Subscribe to our newsletter

Managed services provider Options IT has gone live with an order matching service from Fundamental Interactions, with two initial customers – a broker/dealer and an Alternative Trading System – with early trade flow of around 60 million shares per day.

Deployed on the Options PIPE managed infrastructure – which offers co-located infrastructure, access to market data and connectivity – the Fundamental Interactions Virtual Exchange is a multi-asset virtualised order book and matching engine, for use by ATS operators or as an internal order aggregation and execution engine for broker/dealers.

“We’ve seen a dramatic increase among second-tier brokers seeking to improve trading performance and profitability through sophisticated order aggregation, internalisation and routing strategies, which is a new development outside of the tier-one broker/dealer community,” says Julian Jacobson, president at Fundamental Interactions. “We’re delighted to work with Options IT to make it cheaper, faster and easier for those brokers to access the technology they need to optimise execution of client order flow.”

Privately-held and self-funded Fundamental Interactions was formed in 2009 in Boston by Kun Luo, who was previously chief architect for SunGard Trading Systems. This year, the company HQ moved to New York City with the hiring of Shawn Sloves and Julian Jacobson from Mantara, as CEO and president/COO, respectively.

The company’s Virtual Exchange, Trading Appliance (OMS and algo trading) and Fast Proxy (pre-trade risk) products are based on its FIN appliance – which provides a number of market data and trading modules that are typically run as a single process on a commodity x86 server, or an add-in card.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: High-Performance Networks & Low-Latency Connectivity for Trading

With financial markets becoming more complex and interconnected in today’s electronic trading environment, trading firms, exchanges, and infrastructure providers need to continually push the boundaries of network performance to stay ahead. Ultra-low latency, seamless connectivity, and resilient infrastructure are no longer just advantages – to stay competitive, they’re necessities. This webinar, part of the A-Team...

BLOG

FCA Advances Bond CT to Auction Stage; ESMA Confirms fairCT as First EU Bond-CTP

The UK Financial Conduct Authority (FCA) has opened the price auction phase for shortlisted bidders for its bond market consolidated tape (CT), a single, real time feed of post trade bond data drawn from every UK trading venue and Approved Publication Arrangement (APA). The initiative is intended to make bond markets “more transparent, efficient and...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Complex Event Processing

Over the past couple of years, Complex Event Processing has emerged as a hot technology for the financial markets, and its flexibility has been leveraged in applications as diverse as market data cleansing, to algorithmic trading, to compliance monitoring, to risk management. CEP is a solution to many problems, which is one reason why the...