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: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

The New ROI: How Cloud Data is Reshaping Performance and Strategy in Financial Markets

The conversation around cloud adoption in financial markets has fundamentally changed. The era of tentative migration and justifying projects based on CAPEX vs. OPEX is over. As a new report from LSEG, “Cloud Strategies in Financial Services,” confirms, the cloud is now a strategic default. But this maturity brings a new, more complex set of...

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

Practical Applications of the Global LEI – Client On-Boarding and Beyond

The time for talking is over. The time for action is now. A bit melodramatic, perhaps, but given last month’s official launch of the global legal entity identifier (LEI) standard, practitioners are rolling up their sleeves and getting on with figuring out how to incorporate the new identifier into their customer and entity data infrastructures....