Financial Market Engineering Goes Live on Object Trading’s DMA Service Platform

Independent provider of global Direct Market Access (DMA), Object Trading, has announced that Financial Market Engineering Ltd. (FME) has integrated Object Trading’s DMA Service Platform and culminating in live trading on the utility, according to an Object Trading statement.

Back in September, ICE exchange selected Object Trading as it opted to migrate products under its acquisition of NYSE LIFFE. The exchange gave approval to Object Trading with an official certification of conformance.

Per the nature of the new partnership, FME can help streamline the encumbrances of designing, managing and maintaining connectivity solutions across its global markets. The London-based market maker has also fully implemented Object Trading’s DMA platform capabilities, granting access to over thirteen markets and five colocation centers.

Object Trading’s DMA platform is a scaling solution that caters to sell-side clients. Alternatively, for the buy side, the group also boasts a mounting number of certified FCMs on its platform aimed at granting easy on-boarding of broker services.

Executive Focus

According to FME's Grant Oliver, business development director, in a recent statement on the partnership, "Object Trading provides us with fully managed services and a platform that scales as we grow. As we continue to expand and provide Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term into other markets, we need the ability to trade and clear through multiple brokers, quickly access multiple venues, and deploy new trading strategies without significant investments in time and resource on maintaining exchange connectivity."

"As the market continues to proliferate and evolve, it's becoming ever more expensive to stay competitive or even maintain business as usual. Today the need to better manage risk and cost substantially outweighs the race to zero latency. Firms need to focus their resources on innovations, differentiators in a crowded marketplace, really the things they do well at their core while leveraging the expertise of their technology partners to improve efficiency and delivery in areas where those technology partners excel," added David Weiss, senior analyst at Aite Group, in an accompanying statement.

"Low volumes and Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term have a significant impact on the sell-side's traditional revenue sources as well as the opportunities for returns on the buy-side. Firms are under unrelenting pressure for superior end client service, agility and on-going performance through subject matter expertise and global resourcing,” noted Gerry Turner, executive director at Object Trading.

“The DMA Service Platform allows the buy side to continue doing business through its brokers whilst retaining freedom and control, and at the same time allowing sell side to focus on developing new brokerage services instead of bearing the burden of being a technology supplier."