The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Options IT Deploys Virtual Exchange from FIN

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.

Related content

WEBINAR

Upcoming Webinar: Infrastructure monitoring: mapping technical performance to business performance

Date: 8 July 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes It’s a widely recognized truth that if you can’t measure something, you can’t improve its performance. As high-performance connectivity technologies have established themselves in the mainstream of financial firms’ trading architectures, the ability to monitor messaging and data infrastructures...

BLOG

The Deal is Done – LSEG Completes Acquisition of Refinitiv

A big day in the City last Friday as the London Stock Exchange Group (LSEG) completed its all-share acquisition of Refinitiv first mooted back in July 2019. The acquisition is expected to create a leading, UK-headquartered, global financial market infrastructure provider with a strong data and analytics business, significant capital market capabilities across multiple asset...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...