Redline Trading Solutions has announced today that 24 Exchange is now supported by its InRush Ticker Plant and Order Execution Gateway for its FX clients. Redline provides market data and order execution systems for automated trading, while 24 Exchange is an offshore OTC trading platform launched last year that offers NDF trading, although it plans […]
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Redline Trading Solutions
Redline Trading Solutions has appointed Andrij Wowkodaw as global head of FX, based out of New York. “It is an exciting time to join Redline,” says Wowkodaw. “Redline is innovating in the FX space as both buy side and sell side institutions seek more complete solutions that deliver market-leading trading performance.” Prior to joining Redline, […]
Redline Trading Solutions has announced support for outright deliverable foreign exchange (FX) forwards traded on Cboe FX Markets and non-deliverable FX forwards (NDFs) executed on Cboe SEF.
This means that firms that are FX clients of Cboe using Redline’s InRush Market Data Ticker Plant and Order Execution Gateway can now receive market data and execute FX forwards on Cboe FX and NDFs on Cboe SEF via a single server.
“We are seeing significant interest in NDFs on Cboe SEF from our customers, and we are excited to be among the first providers to integrate with Cboe’s new venue,” said Mark Skalabrin, CEO of Redline.
Network device provider Metamako, has teamed up with connectivity provider Redline Trading Solutions to offer an ultra-low latency end-to-end solution for automated traders.
Redline’s InRush market data solution, which provides consolidated market data feeds, now uses Metamako’s network devices to receive data from over 150 global exchanges, offering data fan-out in only 5 nanoseconds.
As a result, the firms say, clients can now obtain normalised market data with the lowest possible network latency for a wide range of asset classes including equities, derivatives, FX, fixed income and commodities.
Redline Trading Solutions has updated its InRush feed handlers for European trading venues in response to the Mifid II compliance in January 2018.
“Next generation exchange platforms, originally designed to improve throughput and latency, are now also serving as the mechanism for meeting the looming mandates of MiFID II regulations,” says Matt Sexton, CTO of Redline. “Redline is supporting our customers with the rollout of new feed handlers for virtually every exchange in Europe this year, as well as providing the tools and infrastructure needed to help meet Mifid II testing requirements,” he adds.
In a release issued today announcing the update, Redline highlighted the number of major European exchanges that are moving to new or updated protocols ahead of the Mifid II compliance deadline.
Redline Trading Solutions has announced a new InRush feed handler for the binary multicast feed now being rolled out on the Thomson Reuters FX Matching platform.
“Over the last few years, electronic trading in foreign exchange has moved into the sweet spot of Redline’s ultra-low latency trading solutions,” says Mark Skalabrin, CEO of Redline. “Our liquidity aggregation becomes even more effective at assuring best execution in FX trading as liquidity providers like Thomson Reuters and EBS introduce faster market data technologies,” he adds.
Redline’s foreign exchange trading solution now supports over 40 distinct FX feeds. This breadth has been expanded with recently released interfaces for FX liquidity providers that include Cürex FX (ECN), Integral’s Open Currency Exchange (OCX), and Moscow Exchange (Moex).
Redline Trading Solutions has announced the availability of a new InRush feed handler for the new high performance EBS Live Ultra market data feed.
“What’s significant about this announcement is that we now have a key FX market venue delivering this high performance market data feed and this means that firms can use a solution like Redline to exploit that gain in performance,” comments Mark Skalabrin, CEO of Redline.
He says that he views this as part of a broader trend that is occurring in the FX market whereby banks, hedge funds and proprietary trading firms are increasingly looking for ways to increase their performance and reduce their latency.
The Bombay Stock Exchange (BSE) is now supported by Redline Trading Solutions’ market data and order execution gateway solutions. This enables firms trading on this exchange to receive and act upon real-time price and order book information “faster than ever before”, the company says in a statement. Redline’s support for BSE includes their equity, equity […]