DeltaOne Solutions and Tbricks Form Strategic Alliance
Market Leaders in Index and ETF Information Management and Trading Technology Join Forces
LONDON and STOCKHOLM, Oct. 24, 2013 /PRNewswire/ -- DeltaOne Solutions, the premier Index and ETF data and technology provider and Tbricks, the leading provider of automated trading systems, today announced their strategic alliance, combining the strengths of Tbricks' next generation trading system with DeltaOne's Index and ETF data management and analysis capabilities.
This partnership, of two cutting edge solutions, provides a single point for analyzing and implementing, while enhancing and facilitating sourcing, pricing and trading of global exchange traded funds (ETFs) and indices.
This initiative will accelerate the adoption of electronic processing solutions across the rapidly growing ETF trading market, where the current process is significantly slowed due to inefficiencies..
"Both DeltaOne and Tbricks have been instrumental in the trading community's efforts to strengthen the operational and information infrastructure of this dynamic market," said Bernie Thurston, Global Head of DeltaOne Solutions. "This alliance is a full strength combination that reaches across borders and asset classes to provide a service that will help a wide range of market participants achieve greater certainty in their transaction processing.
"By combining the individual strengths of Tbricks trade processing services and DeltaOne's ETF and Index data accuracy, we are taking a major step forward in addressing the calls from global regulators and customers for a fully-integrated system for ETF quoting and hedging. We believe the time is right for consolidation around a combined framework to address the challenges of rapid growth, operational risk and high costs in the trade markets," said Jonas Hansbo, Chief Executive Officer, Tbricks.
DeltaOne Solutions, a CoreOne Technologies company, delivers the investment management and trading communities a comprehensive technology-enabled service to deliver high quality, timely and accurate global indices and ETF data and documents across all asset classes, customized for their use 24 hours a day.
Tbricks provides the next-generation trading system that puts the power in the hands of the trader. Tbricks delivers an open, solid and very fast core platform complemented by a rich set of trading apps. Tbricks supports premier trading and market making institutions in Europe and North America.
SOURCE DeltaOne Solutions
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