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Mandara Capital Deploys Tbrick's Hosted Trading Service

A hedge fund specialist in crude oil and derivatives, Mandara Capital chose Tbrick's futures trading platform, powered by S&P Capital IQ's Quantlink and QuantFeed, to improve speed and to support inhouse development.

Mandara Capital, a London-based hedge fund specialist in crude oil and derivatives, has implemented Tbricks’ fully hosted futures trading platform. Tbrick’s out-out-the box futures trading platform provides high speed to help improve the quality of Mandara Capitals’ execution fills, according to today’s release.

Tbricks On Demand is powered by QuantLink and with market data from QuantFeed from S&P Capital IQ’s Real Time Solutions.

According to Jonas Hansbo, CEO of Tbricks, in the release, “Mandara Capital is the first client to take full advantage of Tbricks OnDemand which the firm recently launched with S&P Capital IQ. “They needed a very fast and flexible trading system, but did not wish to manage a technical infrastructure. Mandara Capital will also be able to execute their plans for in-house trading development using the Tbricks trading app framework,” stated Hansbo.

Commenting on the decision process, Muwaffaq Salti, CEO and Head Trader at Mandara Capital, explained: “We set out a rigorous evaluation of trading system vendors, looking for the fastest trading software with the capability of supporting our future plans for in-house trading development. An absolute requirement from our side was a fully hosted solution as we choose to focus on our core business rather than system support and maintenance.”

Citing the hedge fund’s need for “a faster and more flexible solution,” Stephane Leroy, VP, Head of Global Real Time Solutions, said, “Mandara Capital was also looking to further improve speed-to-market through some critical infrastructure changes. The collaboration sees S&P Capital IQ’s QuantLink and QuantFeed, leading real-time data & hosting services, provide both hosting and native market access to improve the overall market making trading solution.”

The trading app framework was a major differentiator from other providers, according to the release. Tbricks has also delivered two smart execution orders, tailored for futures trading.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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