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

Upcoming Webinar: How to make outsourced infrastructure work for trading

Date: 11 October 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Transitioning from in-house to outsourced trading infrastructure is a significant challenge, but it can offer sizeable benefits including reduced costs, improved performance, access to diverse liquidity sources, and ability to stay abreast of technology changes. This webinar will discuss...

BLOG

Optimising High Performance Infrastructure for Growing Market Data Volumes

As market data volumes continue to grow, firms across the industry – both market participants and their service providers – are having to think strategically about what kind of infrastructure they need in order to accommodate this growth, particularly under peak loads, whilst optimising for high performance. Given the rising volume, what kind of decisions...

EVENT

Data Management Summit New York

Now in its 13th year, the Data Management Summit (DMS) in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...