Almont Capital Deploys Deltix's Automated FX Trading with CitiFX TradeStream Liquidity
- Fund manager deploys quantitative trading solution with leading FX bank liquidity to generate alpha trading strategies. Almont Capital upgrades its current Deltix research product to include FX trading.
Almont Capital, a Dallas based fund management firm has selected Deltix’s QuantServer trading solution to execute FX transactions with CitiFX’s TradeStream 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. Almont, an avid user of Deltix’s research solution, QuantOffice, has expanded its product range to include trading services offered by the technology provider. The trading solution will be deployed in Equinix NY4 alongside major banks and ECNs, QuantServer provides liquidity through the CitiFX TradeStream product.
"We have been using Deltix QuantOffice for research and back-testing for several months. We are very pleased now to be deploying models for live trading that we developed, tested and optimized on that platform. It was important for us and our investors that we utilize institutional grade services. We have achieved this by trading with Citi on the Deltix platform hosted in Equinix NY4,” said a spokesperson for Almont Capital in the press briefing.
Deltix has been positioning itself as an ideal technology provider for buy-side firms looking to deploy quantitative trading strategies. Stuart Farr, President at Deltix informed Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that the firm now has around 52 clients, most of their clients do not disclose trading metrics however from the firms that do, they see around $1 billion in average monthly trade volume in FX.
Ilya Gorelik, CEO and founder of Deltix
"CitiFX TradeStream liquidity is designed for mid-market institutional clients with a need for access to high quality aggregated pricing. Our solution in partnership with Deltix has been built to facilitate efficient and simple onboarding of customers onto an integrated solution, and we are very pleased to have this opportunity to work with Almont Capital and Deltix," said Alex Knight, Global Head of CitiFX Margin Trading.
The wider acceptance of FX among professional and institutional traders is a key driver of growth for Deltix. Mr Farr concluded: “Our plan is simply to expand further into automated quantitative research and trading for institutions and professional money managers.”
Almont Capital, a Dallas based fund management firm has selected Deltix’s QuantServer trading solution to execute FX transactions with CitiFX’s TradeStream 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. Almont, an avid user of Deltix’s research solution, QuantOffice, has expanded its product range to include trading services offered by the technology provider. The trading solution will be deployed in Equinix NY4 alongside major banks and ECNs, QuantServer provides liquidity through the CitiFX TradeStream product.
"We have been using Deltix QuantOffice for research and back-testing for several months. We are very pleased now to be deploying models for live trading that we developed, tested and optimized on that platform. It was important for us and our investors that we utilize institutional grade services. We have achieved this by trading with Citi on the Deltix platform hosted in Equinix NY4,” said a spokesperson for Almont Capital in the press briefing.
Deltix has been positioning itself as an ideal technology provider for buy-side firms looking to deploy quantitative trading strategies. Stuart Farr, President at Deltix informed Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that the firm now has around 52 clients, most of their clients do not disclose trading metrics however from the firms that do, they see around $1 billion in average monthly trade volume in FX.
Ilya Gorelik, CEO and founder of Deltix
"CitiFX TradeStream liquidity is designed for mid-market institutional clients with a need for access to high quality aggregated pricing. Our solution in partnership with Deltix has been built to facilitate efficient and simple onboarding of customers onto an integrated solution, and we are very pleased to have this opportunity to work with Almont Capital and Deltix," said Alex Knight, Global Head of CitiFX Margin Trading.
The wider acceptance of FX among professional and institutional traders is a key driver of growth for Deltix. Mr Farr concluded: “Our plan is simply to expand further into automated quantitative research and trading for institutions and professional money managers.”