Tbricks and Lime Brokerage, a high-volume agency broker and leading provider of high-throughput, low-latency technology to the professional trading community, have completed the successful integration of their data and trading interfaces.
The first common customers are already live with the combined solution, which offers low-latency access to U.S. markets through Lime and European access through Tbricks’ existing high-speed network.
The strategic integration allows clients using Tbricks’ groundbreaking trading systems to access U.S. equities and futures markets through Lime Brokerage’s ultra high-speed infrastructure. Tbricks expects to extend similar capabilities for trading in US options through Lime Brokerage in the near future. Clients will also have access to Lime’s low-latency CitriusTM market data for U.S. markets directly through Tbricks’ systems.
Clients also benefit from Lime’s award winning, ‘single-digit microsecond’ pre-trade risk controls, already fully compliant with SEC Rule 15c3-5 banning “unfiltered” access for all U.S. order flow and scheduled to go into effect in July 2011.
The combined Tbricks/Lime Brokerage solution will be targeted at high frequency trading firms, hedge funds, broker/dealers and other trading firms globally that require high-performance access to US markets.
“This is an important step for Tbricks and its clients,” said Urs Rutschmann, COO of Tbricks. “Our partnership with Lime Brokerage gives our customers the same high-speed access to US markets as they currently enjoy in Europe, all through the same Tbricks platform.”
Tbricks’ highly modular design allows for the deployment of an unlimited number of interfaces. This means that all market interfaces used by Tbricks clients will have access to Lime Brokerage’s low-latency infrastructure. This capability will be of particular benefit to Tbricks’ auto- mated trading clients, who seek the most seamless and fastest access possible to a wide vari- ety of markets.
“At Lime, we are excited about this important initiative, as we consider Tbricks to be the next- generation solution for high-performance trading,” said John Jacobs, COO at Lime Brokerage.
Unlike legacy platforms that have evolved from manual trading systems, Tbricks is the next- generation trading platform, built exclusively for automated and computer-assisted trading. It combines ease of use with extreme performance to empower the professional user. Increased control and productivity tools help capitalize on new business opportunities.
The Tbricks trading system is designed for automated and computer-assisted manual trading. The platform is easy to use, and its fully server based cluster architecture combines the lowest latency possible with unprecedented front-end and server configurability. Modules can easily be built within the application with prepackaged functionality.