Kyte Group Goes Live With AlgoSpan Low Latency Infrastructure and Exchange Access

Specialist market infrastructure provider AlgoSpan has announced that The Kyte Group has gone live with the low latency exchange market access platform, “AlgoNet’. AlgoNet underpins all customer solutions, including delivery of its multicast, normalized and raw exchange data (branded AlgoData).

The Kyte Group and their clients can now access the AlgoNet low latency European exchange network, including co-location at all major venues.

The Kyte Group Limited is an independent futures commission merchant which provides clearing and settlement services to professional traders who transact business on the world's leading exchanges.

The company offers clearing services, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, financing and direct market access to proprietary traders, brokers, automated/algorithmic trading systems, market makers and hedge funds. Their business surrounds the provision of comprehensive market access to exchange-listed, traditional and alternative investment instruments including financial futures and options, cash stocks, cash bonds, warrants, foreign exchange and commodity derivatives. KGL is a leading agency clearer on LIFFE, Eurex, CME and ICE. The company is a majority owned subsidiary of GFI Ltd.

With the growing demand from high frequency trading firms and hedge funds to get the lowest latency possible at the most competitive prices, The Kyte Group looks to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term off the AlgoSpan infrastructure to help in growing their Direct Market Access (DMA) business.

Dr Rami Habib, co-founder and Director of AlgoSpan explained, “Kyte Group is one of the leading integrated clearing, broking and DMA service providers and AlgoSpan is committed to providing the best possible infrastructure to them and their clients. AlgoSpan understands the need for fast exchange access and connectivity.”

Also offered over the AlgoSpan infrastructure is the market leading low latency normalized market data (AlgoData), for all the major European Exchange/MTF trading venues. “Good quality, low latency market data is critical for any trader that is looking for best execution with the ability to route orders to the most effective venue. AlgoSpan have built both the infrastructure and the low latency normalisation to make this readily accessible” says Dr Habib.

AlgoSpan is a technology provider which supplies end-to-end trading infrastructure and real-time market data services to financial services firms operating low latency / high frequency trading strategies, with a view to bringing direct improvements to bottom-line trading performance, an example of which is RadioFeed as reported by Forex Magnates in mid 2012.

Peter Green, CEO of The Kyte Group Limited said, “Kyte Group is delighted to add AlgoSpan as one of our key infrastructure providers. We have been impressed with the quality of service and the technology on offer and we are pleased to be using AlgoSpan internally as well as offering access to the infrastructure to our clients.”