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

Prescient Ridge Management Tries On Made-to-Measure From Connamara Systems

Subscribe to our newsletter

Managed futures fund Prescient Ridge Management (PRM) is turning to Connamara Systems and its Made-to-Measure trading suite to support its expansion into new markets, using new trading strategies. Made-to-Measure (MtM) bridges build versus buy development approaches by providing pre-built components that can be augmented by proprietary code to form complete trading systems.

PRM currently trades equity indices, fixed income, commodities, energy and metal futures contracts in the U.S. and Europe. By leveraging MtM, it will be able  to add additional futures contracts on additional exchanges in Asia and parts of Europe, says PRM president Alan Swimmer. MtM allows PRM to “focus on the fund’s new trading ideas by improving efficiency and increasing scalability,” adds Swimmer.

Initially, PRM will be building upon MtM’s Position Server, DB Recorder, Messaging Subsystem, Risk UI, Trade Signal Translator, FIX Order Adapter and Connamara API components. Longer term, Connamara will be providing engineering and development services to expand the platform into new markets and asset classes.

MtM provides a range of components for market data and exchange connectivity, low-latency and high-frequency trading, trade aggregation and risk. In a typical rollout, around 75% of the functionality is covered by MtM, with 25% custom code being written, estimates Jim Downs, CEO and Founder of Connamara.

While MtM has been built for low latency trading, that’s not the primary focus of PRM, says Downs, who says that factors such as scalability, reliability and maintainability are driving the firm’s engineering decisions.

Downs says MtM was introduced about three years ago and is in use by hedge funds, proprietary trading firms, exchanges and FCMs. Future plans call for additional adaptors for order routing and market data, as well as enhanced risk functions for enterprise risk management.

Connamara also develops and offers the QuickFix open source FIX engine, in both Java and .Net versions.

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

Evolving with the Market: Technology Strategies for Modern Sell Side Firms

When making strategic decisions regarding trading technology, sell-side firms such as investment banks and brokers face some difficult choices. Their technology platforms must do more than just meet their internal needs, such as; accessing liquidity on multiple trading venues, managing diverse asset classes, facilitating high touch and low touch order flow, providing their sales traders...

EVENT

Data Management Summit London

Now in its 14th 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

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...