TradAir, a leading provider of cloud-based trading technology solutions, today announced a significant upgrade to its flagship product, TradAir Version 5.0, which provides brokers with high-performance, scalable and reduced latency access to global derivatives markets.
Built on the company’s latest technology, TradAir Version 5.0 helps firms reduce execution latency and improve efficiency through higher fill ratios, allowing them to focus on innovation in their own business.
TradAir’s technology, which can be integrated into existing trading systems, provides financial institutions with the ability to enhance their client relationships and participation in the global markets, creating new revenue streams and reducing costs.
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Besides low-latency market access, the new upgrade also introduces TradAir’s new ‘Micro Services’ based modular architecture, which significantly improves execution quality whilst provides TradAir with the ‘technical business agility’ needed to rapidly respond to evolving regulatory, market and customer requirements.
Additionally, the modular design streamlines liquidity management to ensure TradAir’s customers receive highly optimized relationship based pricing from the company’s liquidity providers. With this release, TradAir also provides users with separate sweepable and full-amount streams, as well as access to top anonymous ECNs.
These new features can all be seamlessly integrated into a firm’s own systems to more competitively price their GUI and API clients, enabling them to offer a tailored, differentiated service to their own clients in the most cost-efficient manner.
Illit Geller, founder and CEO of TradAir, commented on the new upgrade: “The partnership with YapiKredi and the leadership at the bank is part of our DNA, we value the teams deep market expertise and technology leadership. Its admirable.”
“TradAir Version5 is a game changing upgrade, delivering significant improvements in performance, scalability and latency, resulting in enhanced execution performance for our customers and an outstanding trading experience for their clients. As a result of the upgrade, TradAir’s customers and their clients will remain at the forefront of trading technology developments,” he concluded.