Tbricks wins market making platform deal from All Options
First Published 3rd April 2013
All Options deploys Tbricks platform for European equity options and stock-index options activities
Jonas Hansbo, CEO, Tbricks
"This is a landmark transaction for Tbricks. We are proud to have All Options, a major market maker, as a flagship client for our next-generation trading platform."
Stockholm & Amsterdam - TBricks has announced that All Options International, a market maker providing liquidity to European financial derivatives markets, has adopted Tbricks' market making platform for all of its European equity options and stock-index options activities.
All Options has deployed Tbricks' market making software on servers co-located at European exchanges, including NYSE Euronext Liffe and NYSE Euronext cash markets, the London Stock Exchange, Swiss Exchange SIX, Bats/Chi-X Europe and Eurex/Xetra.
This delivery expands Tbricks' reach into the broader European marketplace for any type of listed financial products. It follows last year's completion of Tbricks' connections within the Nordic markets.
Jonas Hansbo, CEO of Tbricks, said: "This is a landmark transaction for Tbricks. We are proud to have All Options, a major market maker, as a flagship client for our next-generation trading platform. Tbricks' modular design allows for the deployment of an unlimited number of market adapters, each deployed in its specific co-location center, within a single trading system. The platform is easy to set up and use, and its server-based architecture combines ultra low latency with unprecedented front-end and server configurability. Tbricks provides for fast and complete trading and quoting applications, which are delivered in open-source format for custom modifications."
Allard Jakobs, CEO of All Options, said: "As a leading market maker in European Small and Midcap equities and index options, we were looking for a system that offered comprehensive user functionality paired with the performance and flexibility we needed to succeed. After a thorough market review, we chose TBricks due to its readiness to successfully operate in our distributed trading environment."