InfoReach Adds Multi-Leg Order Functionality For Futures And Options To Global Institutional Trading Platforms
Chicago, IL, October 24, 2012 — Global electronic trading technology provider InfoReach (www.inforeachinc.com) now provides FIX-based multi-leg order capabilities for derivatives in its Execution Management Systems.
Users of the InfoReach TMS and InfoReach Prelude trading platforms can execute complex and cross-asset futures and options trades with minimal latency via the InfoReach FIX Network (IFN). The new functionality supports both manual and algorithmic trading and even allows traders to modify multi-leg algo orders to take advantage of changing market trends.
The InfoReach EMSs come loaded with various strategies, including Box, Butterfly, Calendar Spread, Diagonal Spread, Vertical Spread, STK/OPT, Straddle, Strangle and Condor. In addition, InfoReach offers multi-leg DMA and algorithmic trading from a variety of global brokers, including:
- JP Morgan
- Credit Suisse
- Quantitative Brokers
“Nearly 100% of the world's top futures and options contracts are traded electronically, so the ability to deploy advanced derivatives trading strategies gives our customers an extra edge in capturing opportunities, minimizing market impact and reducing risk,” states InfoReach CEO Allen Zaydlin. “And our FIX Network ensures high speed and throughput for more efficient trading,” he adds.
According to industry analyst TABB Group, the buy side continues to expand its use of futures and options, and is increasingly executing more complex strategies such as multi-legged spread trades electronically. “Buy-side traders are embracing DMA and algorithmic-trading channels with volume routed through these channels accounting for the vast majority of futures trading in the U.S.,” TABB asserts in its annual benchmark research study, “US Futures Trading 2012: Buy-Side Demands in an Evolving Marketplace.”
The InfoReach FIX Network provides connectivity to hundreds of brokers, ECNs, exchanges, FX dealers and banks and other global sources of liquidity for equities, options, futures and forex. The IFN can handle extremely high volumes of orders, amends and executions, thanks to its distinctive multi-hub model. This provides multiple connections (hubs) via individual broker gateways, as opposed to the typical hub-and-spoke networks which supply connectivity through a single hub to multiple trading participants (the spokes) and are prone to bottlenecks.
InfoReach offers two high-performance, multi-asset, broker-neutral EMSs: The completely configurable and scalable InfoReach Trade Management System (TMS) and InfoReach Prelude, a hosted, pre-configured solution. Both consolidate the advanced tools and execution capabilities traders need in a single platform with global market connectivity.
Comprehensive out-of-the-box functionality, rapid implementation, proven reliability and a client-centric culture have made InfoReach the trading technology provider of choice for financial institutions around the world since 1995. Our high-performance solutions help traders improve trade execution, manage portfolio and execution risk and determine optimal trading strategies.
Trade-ready for both buy- and sell-sides, the InfoReach Trade Management System (TMS) provides pre/in/post trade analysis, pre-built and broker-provided algorithms, real-time, interactive charts and position monitoring, portfolio trading capabilities, order management and FIX connectivity in a multi-broker execution management system. An optional HiFREQ component supports low-latency, high-throughput trading across multiple asset classes.
Other solutions include our FIX Engine, the InfoReach FIX Network, Brokereach EMS/OMS backup service, Second Opinion™ transaction cost analysis service and Prelude, our lower-priced, hosted trading platform available on a risk-free, month-to-month basis.
Ideal for trading environments of all sizes, InfoReach products deliver enterprise-strength performance—without the need for firms to build and maintain their own IT infrastructure.
For more information, visit www.inforeachinc.com
Anne Aldrich for InfoReach
Peter van Wely
InfoReach Europe, Middle East & Asia
office: +31 (0) 20 521 9454
cell: +31 (6) 12966496