Low Latency Market Data Provider Deploys Virtualized ATS on Private Cloud

The announcement comes as second-tier brokers try to improve their performance through more sophisticated order aggregation, vendor says.

Fundamental Interactions, a provider of low-latency market data, risk management, and order routing and crossing solutions, has deployed its FIN Virtual Exchange order matching and execution engine on the Options PIPE platform, a private cloud services platform for the sellside, buyside and exchange communities.

The FIN Virtual Exchange is a multi-asset, multi-region virtualized order book and matching engine for trade aggregation, order crossing, order routing, and trade execution. The trading platform can be deployed by Alternative Trading Systems and exchange operators or by broker/dealers as a virtualized order and execution management system (OEMS).

Market operators and broker/dealers will now have on-demand access to FIN Virtual Exchange as a fully managed solution via the ultra-low latency private cloud service.

"We've seen a dramatic increase among second-tier brokers seeking to improve trading performance and profitability through sophisticated order aggregation, internalization and routing strategies, which is a new development outside of the tier-one broker/dealer community," commented Julian Jacobson, president at Fundamental Interactions. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio