Buttonwood Group Trading, a futures trading firm in Chicago whose virtual desktop-equipped trading floor we profiled in June has selected Realtime Systems Group's trading software to implement its algorithmic trading strategies in multiple markets worldwide. Additionally, Buttonwood is the first customer designated as an RTS Technology Partner.
Buttonwood brought together management, traders and quantitative analysts to conduct a "build or buy" analysis and evaluate the best of breed technology to support the firm's proprietary trading strategies. Buttonwood wanted a high-speed, flexible algorithmic trading platform, customized to the needs of its traders, financial engineers and risk personnel, within a short timeframe.
Following Buttonwood's analysis, the firm selected RTS to become a technology partner and soon deployed RTD Tango, the algorithmic trading solution. Together, RTS and Buttonwood are working as a team to support Buttonwood's sophisticated, high-frequency trading strategies globally across a range of fixed income, energy and index markets, with solutions customized for Buttonwood's needs.
Dave Dugan, chief operating officer of Buttonwood Group, said: "We believe that RTS is progressive and a lead innovator in the race to zero latency, specifically in support of our high-frequency trading strategies. The RTD Tango solution and open architecture of the firm's API's have enabled our traders to take their critical strategies, build algorithms and integrate them seamlessly into a back-testing and production environment. We have received tremendous support from the RTS sales and technology staff, who have provided invaluable assistance in our development of complementary tools. As a technology partner, Buttonwood has a key role in the integration of RTS' technology with third party functionality, such as historical tick databases (Exchange Systems Inc.) and post-market risk management (Global Risk Corp)."