Itiviti, a technology provider for the capital markets industry, today announced that Renaissance Capital, an emerging and frontier markets investment bank, has chosen the Tbricks by Itiviti platform for its options market making, Delta-one algo trading.
The solution provided by Itiviti comprises off-the-shelf components, enabling Renaissance to write bespoke strategies using Tbrick’s open app-development architecture.
Itiviti develops, markets, and supports industry standard technology products and solutions including Tbricks and Catalys. Tbricks by Itiviti provides a low-latency platform including optimisations with Speedcore, allowing latency-sensitive services run as a single process on a dedicated CPU. Many trading firms, banks, brokers and institutional clients rely on Itiviti’s technology for streamlining their daily operations.
We were impressed by Tbricks by Itiviti’s ability to consolidate our different trading strategies into one platform.
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Lee Griggs, President EMEA, Itiviti, said: “Coming out on top of a comprehensive selection process, where Renaissance Capital has chosen Itiviti as their technology partner, is very gratifying. We pride ourselves in being a strategic partner to banks and brokers, providing next generation trading technology that help our clients advance in their markets.”
Renaissance Capital has one of the largest distribution and execution platforms with access to markets including Africa, the Middle East, Central Europe, Turkey, Asia and Greece. Its core businesses include M&A, equity and debt capital markets, securities sales and trading, research and derivatives.
“We were impressed by Tbricks by Itiviti’s ability to consolidate our different trading strategies into one platform,” said Vladimir Gibenko, Head of IT, Renaissance Capital. “The Itiviti team have been on hand to help us with replacing our legacy trading systems, and we are so far very happy with our partnership.”
Finance Magnates last reported on Itiviti last month after the company announced that Deutsche Börse had sealed a long-term partnership with the company to deploy its Tbricks by Itiviti platform.