Renaissance Capital and GATElab launch HFTS solution for LSE IOB
First Published 2nd February 2012
Renaissance Capital and GATElab launch High Frequency Trading Software (HFTS) solution for LSE IOB
Stefano Falciani, Managing Director, GATElab Ltd.
"Renaissance Capital has an impressive expansion plan in the ultra low latency connectivity field and we are proud they selected us to support them in this challenge."
GATElab, the electronic trading systems provider, has announced the go-live of Renaissance Capital, the emerging markets investment bank. In December 2011, Renaissance Capital went live on the LSE - IOB Segment using the High Frequency Trading Software (HFTS) module.
The GATElab HFTS module aims to allow Renaissance Capital's clients market access in 30 microseconds one way, nic-to-nic, including pre-trade risk checks. Customers can code to the FIX API for low latency DMA access and can be hosted either in the LSE (co-lo) or their data centre (Proximity).
Stefano Falciani, Managing Director at GATElab said: "Renaissance Capital has an impressive expansion plan in the ultra low latency connectivity field and we are proud they selected us to support them in this challenge. With Russia established at the forefront of global emerging markets, we are looking forward to a long and successful partnership with Renaissance Capital, one of the leading financial institutions in the Country".
Sam Atkins, Head of ETG Product Development and Exchange Connectivity at Renaissance Capital said: "We selected GATElab for their ultra low latency module's performance and for their time to market track record. With enhanced low latency figures and total solution flexibility, we were able to go live quickly and efficiently, satisfying our customisation requirements in terms of pre-trade risk checks".