Tiger Ventures To Launch Tiger FX Platform
A new FX platform is on the horizon. Tiger Ventures, led by Mark Smith and Mohan Thurairajah, is developing the TigerFX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. Smith was a co-founder of the first ECN for FX (MatchBook FX) as well the former COO and co-founder of LavaFX. Thurairajah was part of the early development team at the Intercontinental Exchange (ICE) as well as the former Global Head of Connectivity and Teach Lead at TradingScreen.
According to Smith “Tiger’s multi-asset class trading technology and pay per transaction recurring revenue model is the next step forward in the rapidly evolving electronic foreign exchange (FX) market. As research has shown the method by which both institutional and non-ECP traders execute their orders has been moving away from the traditional ‘market maker’ model to a more transparent marketplace made up of deep pools of 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 found on Electronic Communication Networks (ECN) and Alternative Trading Systems (ATS). The Tiger technology solution facilitates this style of trading in all types of FX products including Spot, Forwards, Options, and Futures, as well as non-FX products like CFDs.” In addition, “the speed and reliability of the platform solves the problem of off market executions and scalping due to latency; and levels the playing field for the both High Frequency traders (HFT), liquidity providing sell-side institutions, and the independent trader. This low latency messaging also allows for more timely and accurate processing of pre and post trade data which is crucial to meeting new stringent regulatory rules. With almost limitless linear scalability, our technology can be used to create a transparent global exchange in any FX vertical.”
The company feels that its differentiator is its technology and highlights several attributes that are pertinent:
- Low latency: 100K order per second on a single matching engine with a 30 micro second latency.
- Parallel Persistence architecture: Parallel Persistence provides low latency guaranteed messaging without the need for centralized messaging brokers or specialized hardware infrastructure, such as Storage Area Network systems, found in traditional “store and forward” designs resulting in faster trades.
- Commodity Hardware: Reduce costs associated with underlying hardware and network infrastructure because of Ultra Messaging’s efficient and innovative design.
- Highly Available: Eliminate single points of failure across its systems environment and maintain 100% up-time through decoupling and a zero-latency failover configuration.
A new FX platform is on the horizon. Tiger Ventures, led by Mark Smith and Mohan Thurairajah, is developing the TigerFX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. Smith was a co-founder of the first ECN for FX (MatchBook FX) as well the former COO and co-founder of LavaFX. Thurairajah was part of the early development team at the Intercontinental Exchange (ICE) as well as the former Global Head of Connectivity and Teach Lead at TradingScreen.
According to Smith “Tiger’s multi-asset class trading technology and pay per transaction recurring revenue model is the next step forward in the rapidly evolving electronic foreign exchange (FX) market. As research has shown the method by which both institutional and non-ECP traders execute their orders has been moving away from the traditional ‘market maker’ model to a more transparent marketplace made up of deep pools of 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 found on Electronic Communication Networks (ECN) and Alternative Trading Systems (ATS). The Tiger technology solution facilitates this style of trading in all types of FX products including Spot, Forwards, Options, and Futures, as well as non-FX products like CFDs.” In addition, “the speed and reliability of the platform solves the problem of off market executions and scalping due to latency; and levels the playing field for the both High Frequency traders (HFT), liquidity providing sell-side institutions, and the independent trader. This low latency messaging also allows for more timely and accurate processing of pre and post trade data which is crucial to meeting new stringent regulatory rules. With almost limitless linear scalability, our technology can be used to create a transparent global exchange in any FX vertical.”
The company feels that its differentiator is its technology and highlights several attributes that are pertinent:
- Low latency: 100K order per second on a single matching engine with a 30 micro second latency.
- Parallel Persistence architecture: Parallel Persistence provides low latency guaranteed messaging without the need for centralized messaging brokers or specialized hardware infrastructure, such as Storage Area Network systems, found in traditional “store and forward” designs resulting in faster trades.
- Commodity Hardware: Reduce costs associated with underlying hardware and network infrastructure because of Ultra Messaging’s efficient and innovative design.
- Highly Available: Eliminate single points of failure across its systems environment and maintain 100% up-time through decoupling and a zero-latency failover configuration.