Gerry Turner, Object Trading
"Low volumes and volatility have a significant impact on the sell-side's traditional revenue sources as well as the opportunities for returns on the buy-side."
London - Object Trading, an independent provider of Direct Market Access, has announced that Financial Market Engineering Ltd. (FME) has begun live trading on the Object Trading DMA Service Platform.
FME has fully implemented the Object Trading DMA Service Platform for production access to 13 markets to date across 5 colocation centres, allowing them to focus on developing their trading strategies. FME may now access normalized market data and order execution on a global platform with multi broker capabilities built in. The flexibility of the platform allows FME to access additional venues when required without the need for a high up-front investment.
"Object Trading provide us with fully managed services and a platform that scales as we grow," said Grant Oliver, business development director, FME. "As we continue to expand and provide liquidity into other markets, we need the ability to trade and clear through multiple brokers, quickly access multiple venues, and deploy new trading strategies without significant investments in time and resource on maintaining exchange connectivity."
"Low volumes and volatility have a significant impact on the sell-side's traditional revenue sources as well as the opportunities for returns on the buy-side," said Gerry Turner, executive director, Object Trading. "Firms are under unrelenting pressure for superior end client service, agility and on-going performance through subject matter expertise and global resourcing. The DMA Service Platform allows the buy side to continue doing business through its brokers whilst retaining freedom and control, and at the same time allowing sell side to focus on developing new brokerage services instead of bearing the burden of being a technology supplier."