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Beta-Gamma Launches FX Aggregator

Beta-Gamma Research, a London-based developer of trading algorithms and automated trading, has launched a new FX Aggregator.

The company says it is offering the service at a low fixed-fee cost based on the number of workstations and market venue connections, rather than the usual dollars per million or turnstile model.

“Beta-Gamma recognises efficient rate manipulation is the precursor to providing the advantages of using algorithmic techniques to manage a dynamic FX book. The new Aggregator improves profitabilitythrough ultra high-speed access to multiple venues and unparalleled intelligent analysis of the markets,” the company says.

Aggregator has been designed by a team of professionaltraders, mathematicians and computer science PhDs. This results in a trader-focused user interface, with execution algorithms configurable in real-time, putting the trader in control of the algorithms not vice versa.

In addition, by enabling the trader to add new algos via a simple trader-accessible API there is no need for IT staff to be involved, the company says.

Howard Tolman, Beta-Gamma CEO, says: “FX Aggregator allows traders to define and adapt the tools to be of real benefit. Speed provides the competitive edge by allowing traders to hit and trade prices faster and more successfully than the competition. FX Aggregator is a significant addition to the FX market and clients have seen how it improves profitability.”

FX Aggregator runs in real-time and its key features include allowing execution on individual trading venues or against the aggregated price stream.

Its execution algorithms can be pre-configured. Beta-Gamma’s Simplified Trading API, with multiple language bindings, allows clients to design customised execution strategies and enhancements or link external systems or trading models to the FX Aggregator.

Significantly, FX Aggregator costs are known and fixed upfront, and will not increase with usage. The modular nature of FX Aggregator ensures clients only pay for those modules they need,” the company says.

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