Algorithmic Trading Platform

Client:

Startup

Industry:

Finance

Core technologies:

Microsoft.NET / C++

Country:

USA

Client Background

The client is a privately funded startup aimed at providing remote hosting services of the trading algorithms.

Challenge

The idea is to develop a platform connecting to various brokerage platforms or ECN APIs to manage the exchange trade execution lifecycle. The platform would also host several customer-submitted algorithms that would provide order execution signals with the ability to override control from the provided user interface manually.

Solution

The significant difference between other algorithmic trading platforms is that the trading algorithm is now running remotely on a reliable fault-tolerant infrastructure, supplying quotes and submitting orders over a redundant high bandwidth internet connection, which plays a critical role in high-frequency trading systems.

With this service, the customer is now free from maintaining his hardware and infrastructure and can focus on his direct needs for trade algorithm development.

Features:

Glorium Technologies collaborated closely with the client to develop an innovative algorithmic trading platform with the following key features:

Quote delivery and order execution API to be consumed by client algorithms
Plugin (algorithm) hosting ability
Built for high performance, low latency, and fault-tolerant trade execution
User accounts with enforced feature and resource consumption limitations for different levels of subscription
Connectivity with several major brokerage platforms and financial data suppliers
Order management implementation
Specialized web and mobile (Android, iOS) UI for algorithm execution control
Extensive reporting and analysis for all completed trades
Real-time risk and P&L calculations

Business Value

Increased focus on core activities

By offloading the maintenance of hardware and infrastructure, clients can concentrate on developing and optimizing their trading algorithms, enhancing their competitive edge.

Enhanced performance and reliability

The fault-tolerant infrastructure and high-performance API ensure reliable and timely trade executions, crucial for success in high-frequency trading.