Trading Firm Akuna Capital Selects Solace Systems For Messaging And Data Distribution

Canadian messaging solutions and middleware appliances company Solace Systems announced yesterday that Akuna Capital has selected the company's messaging appliances as the data distribution layer of their global high-speed trading system.

The Solace appliances, which have replaced homegrown middleware, have been adopted to provide Akuna with a fast, scalable and fully redundant infrastructure that allows them to focus resources on optimizing their differentiating trading strategies.

Expansion Through Alliance

Solace Systems has been active in its corporate alliances recently, just last month having partnered with Fluent Trade Technologies in order to provide a messaging middleware solution to the firm's trading system.

Akuna Capital regards itself as a boutique trading house based in Chicago that specializes in derivatives market-making and Arbitrage Arbitrage Arbitrage is defined as the practice of taking advantage of a price difference between two or more markets.In particular, this involves the simultaneous buying and selling of securities, currencies, cryptos, or commodities in different markets. Arbitrage has the effect of causing prices of the same or very similar assets in different markets to converge over time.In order for arbitrage to occur, there must be a uniform set of conditions that need to be met. For example, the same asset does not t Arbitrage is defined as the practice of taking advantage of a price difference between two or more markets.In particular, this involves the simultaneous buying and selling of securities, currencies, cryptos, or commodities in different markets. Arbitrage has the effect of causing prices of the same or very similar assets in different markets to converge over time.In order for arbitrage to occur, there must be a uniform set of conditions that need to be met. For example, the same asset does not t Read this Term, and is looking to grow its offering and expand its footprint.

“As our trading strategies encompass more asset classes and geographies, we need a rock-solid messaging infrastructure that accelerates our globally coordinated trading and gives us the flexibility to seize new opportunities as they present themselves,” stated Andrew Killion, CEO at Akuna Capital on behalf of his firm.

“Solace has reduced the complexity and risk of our system while giving us world-class performance so we can focus on what we do best: implement innovative electronic trading strategies" concluded Mr. Killion.

Akuna Capital considered a number of approaches including commercial alternatives and continuing to invest in their own proprietary infrastructure before entering this alliance with Solace Systems, demonstrating that outsourcing and partnership with external technology firms is on the agenda for some institutional firms as well as retail participants.

Important considerations in this project were operational transparency and control, reliability, and features such as diskless persistence, built-in WAN optimization and market data flow control.

“Nimble trading firms with unique approaches are best positioned to succeed in today’s capital markets,” explained Craig Betts, CEO at Solace Systems. “We’re excited to work with Akuna Capital to help them realize greater returns from their trading strategies.”