Bluefin Trading Selects the Execta(TM) Trade Execution Platform from Tethys Technology, Inc.
NEW YORK, March 18 /PRNewswire/ -- Bluefin Trading LLC a multi-strategy proprietary trading firm has gone live with the Execta™ Trade Execution Platform from Tethys Technology, Inc.
The Execta Platform is the most powerful and flexible broker-neutral electronic trading and portfolio management solution available today. The multi-asset class platform includes modules for investment and trading strategy simulation, as well as automated and manual trade execution and optimal strategy determination analysis. Execta functionality also includes automated trade opportunity detection, pre-trade, real-time and post-trade transaction cost analysis, portfolio and risk management. Users are able to leverage Tethys' industry-leading pre-packaged algorithms, route orders to broker algorithmic trading desks and develop and test their own proprietary algorithms.
"Bluefin chose Execta for its sophisticated automated trading strategies and the overall platform flexibility. Execta offers Bluefin traders the ability to manage execution risk and achieve lower trading costs. It compliments our in-house applications well and provides us the capability to customize existing or create new algorithms for Bluefin's specific trading needs," said Tony Koures, the Chief Information Officer at Bluefin Trading.
"We are pleased to have Bluefin as our client. They are a sophisticated firm with deep understanding of markets and technology," said Nitin Gambhir, president of Tethys about Bluefin. "Tethys is committed to providing leading-edge analytics and trading technology to our proprietary trading clients."
About Tethys Technology, Inc.
Tethys Technology, Inc. is an innovative investment technology research and development firm. Tethys provides a low latency and flexible multi-asset asset global algorithmic trading platform for hedge funds, CTA's, institutional asset managers, mutual funds and broker dealers. Tethys has a substantial market-microstructure research effort for the development of analytics and algorithms to assist clients in maximizing alpha capture and minimizing the magnitude and variance of transaction costs.
About Bluefin Trading, LLC
Bluefin Holdings, LLC is a proprietary trading firm focused on market making in exchange-traded derivative products. The firm seeks out arbitrage opportunities in financial derivatives across a broad array of products. Extensive experience in trading combined with sophisticated modeling and cutting edge technology enable Bluefin to actively trade in markets around the globe.
Contact: |
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Tethys Technology, Inc. |
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Mary Cogger |
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(212) 509-5602 |
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SOURCE Tethys Technology, Inc.
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