Mandara Capital, a leading hedge fund specialist in crude oil and derivatives, has implemented Tbricks’ fully hosted trading service for all their futures trading requirements. Tbricks OnDemand is powered by QuantLINK and QuantFEED from S&P Capital IQ’s Real Time Solutions.
Tbricks out-of-the-box futures trading platform provides superior speed to help improve the quality of Mandara Capital’s execution fills. Mandara Capital will also benefit longer-term, with the ability to develop proprietary strategies in a framework designed to support in-house development.
Jonas Hansbo, CEO of Tbricks, said: “Mandara Capital is the first client to take full advantage of Tbricks OnDemand which we recently launched with S&P Capital IQ. They needed a very fast and flexible trading system, but did not wish to manage a technical infrastructure. Mandara Capital will also be able to execute their plans for in-house trading development using the Tbricks trading app framework.”
Muwaffaq Salti, CEO and Head Trader at Mandara Capital, added: “We set out a rigorous evaluation of trading system vendors, looking for the fastest trading software with the capability of supporting our future plans for in-house trading development. An absolute requirement from our side was a fully hosted solution as we choose to focus on our core business rather than system support and maintenance.”
As part of a faster and more flexible solution, Mandara Capital were also looking to further improve speed-to-market through some critical infrastructure changes. This involved moving the incumbent trading engine from London to a co-location facility for ICE in Chicago, with access to native data & trading. The collaboration sees S&P Capital IQ’s QuantLINK and QuantFEED, leading real-time data & hosting services, provide both hosting and native market access to Tbricks in Chicago. Additionally, the true flexibility of the Tbricks platform and the trading app framework was a major differentiator from other trading solutions. Tbricks have also delivered two smart execution orders, tailored for futures trading.