High-frequency traders are now dominating another huge market
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New York and London, April 18, brokertec trading ICAP, the world's brokertec trading interdealer broker, announced that its electronic fixed income business BrokerTec has successfully brokertec trading with its customers a new trading system for its U. The new system provides very low latency and high throughput, as well as built in capabilities for manual traders. The upgraded BrokerTec trading platform retains all the functionality previously available on the system, and is built using technology which enables BrokerTec to increase order volume tenfold and decrease order input latency by as much as 50 times in some cases.
The platform's average latency is now less than microseconds, with previous average latency approximately 10 milliseconds. Brokertec trading BrokerTec customers, including both manual and API traders, will now benefit from substantially increased performance and greatly enhanced user experience.
Ravit Mandell, Head of J. Morgan Quantitative Market Making, said: We're very happy with BrokerTec's new system, and the switchover happened on time and without a hitch. Given the emphasis on speed and reliability, we feel confident the BrokerTec system will continue to meet our short and long term trading needs.
In the US and Europe, we own and operate brokertec trading markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able brokertec trading process more than 1 million messages per second at sub brokertec trading speeds with Our award-winning data products and worldwide indexes are the benchmarks in the financial industry.
Welcome to where the world takes a big leap forward, daily. To learn brokertec trading, visit www. Follow us on Facebook http: The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks.
Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www. ICAP's BrokerTec platform is the leading electronic trading platform for the fixed income markets and provides innovative technology solutions across a wide range of products to more than customers in brokertec trading 50 countries.
It includes brokertec trading solutions for many U. Treasuries, European Government Bonds and European Repo, and facilitates both API black box and manual trading for institutions, banks and non-bank professional trading organizations. Previous Release Next Release. BrokerTec will complete its global upgrade by the end of April.