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.”