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Sea Otter selects Tbricks by Itiviti to grow ETF business

First Published 3rd May 2016

Sea Otter Securities Group LLC deploys Tbricks by Itiviti for ETF market making on NYSE Arca.

Chicago - Itiviti, the technology provider for the capital markets industry, has announced that Sea Otter Global Ventures, a private investment firm based in New York, has chosen the Tbricks by Itiviti platform for ETF market making on NYSE Arca.

Sea Otter Securities Group LLC, a sister company of Sea Global Ventures, is a registered market maker on NYSE Arca. With experience in investing and trading across all investment classes and geographies, the firm deploys proprietary models to trade international ETFs.

"We are excited that Sea Otter will be leveraging the Tbricks by Itiviti platform, which is ideally suited for ETF market making," said Jesper Alfredsson, President Americas, Itiviti. "Our customers receive an off the shelf product that includes Tbricks apps along with the full source code for a truly customizable solution in terms of visualizing and controlling quotes, hedging, basket executions and pricing to support complex ETF set ups."

Tbricks by Itiviti supports the fusing of latency-sensitive services into a single process using Itiviti's Speedcore technology, while retaining a clear architectural separation of services. Services can easily be moved into or out from a Speedcore.

"We were impressed that Itiviti's Tbricks platform ships with specialized ETF apps, as well as the flexibility to customize the system by tweaking the apps," said Hamin Abdullah, Principal, Sea Otter. "Also, latency is important for us and the platform really delivers on our performance requirements."

Itiviti will be participating in the 2016 Options Industry Conference May 11-13, 2016 and will be happy to discuss Itiviti's new and even more powerful portfolio: fully modular, transparent and flexible solutions for end-to-end trading, routing, connectivity and risk.