Tbricks, a provider of automated trading systems, announces its partnership with All Options International, an international market maker providing liquidity to key European ﬁnancial derivatives markets. The market maker has adopted Tbricks’ market making platform for all of its European equity options and stock-index options activities.
All Options has deployed Tbricks’ market making software on servers co-located at major European exchanges, including NYSE Euronext Liffe and NYSE Euronext cash markets, the London Stock Exchange, Swiss Exchange SIX, Bats/Chi-X Europe and Eurex/Xetra.
This successful delivery expands Tbricks’ reach into the broader European marketplace for any type of listed ﬁnancial products. It follows last year’s completion of Tbricks’ connections within the Nordic markets.
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Jonas Hansbo, CEO of Tbricks, said: “This is a landmark transaction for Tbricks. We are proud to have All Options, a major market maker, as a ﬂagship client for our next-generation trading platform. Tbricks’ modular design allows for the deployment of an unlimited number of market adapters, each deployed in its speciﬁc co-location center, within a single trading system. The platform is easy to set up and use, and its server-based architecture combines ultra low latency with unprecedented front-end and server conﬁgurability. Tbricks provides for fast and complete trading and quoting applications, which are delivered in open-source format for custom modiﬁcations.”
Allard Jakobs, CEO of All Options, said: “As a leading market maker in European Small and Midcap equities and index options, we were looking for a system that offered comprehensive user functionality paired with the performance and ﬂexibility we needed to succeed. After a thorough market review, we chose Tbricks due to its readiness to successfully operate in our distributed trading environment.”
Additionally, the true ﬂexibility of the Tbricks platform was a major differentiator from other market solutions. All Options is using Tbricks’ software development toolkit to incorporate its own proprietary volatility and pricing models into the Tbricks platform, allowing it to create a unique capability set.