CHICAGO and NEW YORK, April 13, 2011 /PRNewswire/ -- RTS Realtime Systems Group, a leading global trading solutions provider, announced today at the Futures Industry Association's Trading IT 2011 conference that the company has seen strong and growing demand for the access and functionality RTS is providing with the new interest rate products trading on NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX). RTS has offered access to the products since their first day of trading in late March, in addition to its long-standing broad access to cash Treasury and fixed income products, as well as other NYSE Liffe U.S. products.
Alexander Lamb, Executive Board Member of RTS, said: "As the liquidity and open interest in Eurodollar and Treasury futures on NYSE Liffe U.S. have grown significantly in recent days, we've seen a substantial increase in activity and demand among our major financial institution and trading firm clients. They are using our technology to trade the newly offered interest rate products and leverage their active cash market trading with the innovative New York Portfolio Clearing (NYPC) facility, achieving important cost efficiencies. This type of competitive market offering with tight spreads is very exciting for our sophisticated trading clients who are continually seeking new, cost-efficient opportunities to automate trading strategies involving multiple markets. We have been there since day one with a low latency offering that features important risk management functionality, and we certainly expect that RTS clients will continue to help grow these impressive new markets."
Lynn Martin, COO, NYSE Liffe U.S. said, "We have worked closely with RTS and our diverse global client base to ensure that customers utilizing the efficiency of trading interest-rate futures on NYSE Liffe U.S. and clearing them on NYPC have fast, reliable access to both platforms. Having achieved the milestone of over 1 million interest rate contracts traded in just under a month of operation, we sincerely thank our customers, market makers and valued collaborators like RTS for supporting our effort to change the model for futures trading and clearing in the U.S."
Late last month, NYSE Liffe U.S. launched Eurodollar and subsequently U.S. Treasury futures products in concert with the launch of NYPC, a new clearing joint venture between NYSE Euronext and The Depository Trust & Clearing Corporation (DTCC). With the addition of the new product offering and NYPC's innovative cross-margining capability, RTS provides clients the ability to trade across the entire Eurodollar curve, handle complex transactions between U.S. Treasury and Eurodollar products, get in and out of cash markets and margin these efficiently.
"With dozens and dozens of instruments, automation is clearly essential, along with the ability to minimize risk for users trading across multiple destinations. Because of our scalable, open architecture solution, it is virtually effortless and seamless for the firms to add great value to their trading and hedging capabilities with these new markets," Lamb said.
RTS provides algorithmic trading platforms, RTD Tango and RTD Tango Trader, for clients interested in deploying their own customized automated trading strategies across marketplaces in multiple asset classes globally. These strategies can include sophisticated basis trading that can incorporate popular third party tools such as Mathworks' MATLAB. RTS offers low latency pre-execution risk management as well as the ability to manage risk associated with legs of spread trades. Those who want the benefits of co-location with the new markets for high-speed, ultra-low latency access can select RTS hosting services from its data center in New York for proximity to the cash markets or Chicago for proximity to the futures.
RTS and NYSE Liffe U.S. last week co-hosted a webinar about the new products and how to take advantage of them without devoting significant resources. Both organizations said interest was very strong, with a high level of participation.
About RTS Realtime Systems Group
RTS (www.rtsgroup.net) delivers high-performance, end-to-end technology products and services across asset classes and continents to elite financial institutions. The firm is one of the world's leading providers of ultra-low latency, high frequency, robust algorithmic trading solutions. RTS offers standardized low latency connectivity gateways to 130+ exchanges and execution venues worldwide. In addition, the firm provides proximity hosting and co-location services for high-speed, ultra-low latency access to 65+ venues via its global data center network. RTS has offices in Amsterdam, Chicago, Frankfurt, Hong Kong, London, Mumbai, New York, Singapore and Sydney.
About NYSE Liffe U.S.
NYSE Liffe U.S. (www.nyseliffeus.com) is a global, multi-asset class futures exchange. In March 2010, the exchange sold a substantial minority ownership stake to six leading market participants, Citadel Securities, DRW Ventures LLC (an affiliate of DRW Trading Group), GETCO, Goldman Sachs, Morgan Stanley and UBS. NYSE Liffe U.S. utilizes the proven LIFFE CONNECT® trading platform designed and maintained by NYSE Technologies that matched nearly 4.7 million contracts per day in 2010 on the NYSE Liffe European markets. Offering a range of global connectivity options, NYSE Liffe U.S. enables its members to efficiently transact on the platform in a highly cost-effective manner while also utilizing other NYSE Euronext exchanges with unique pricing incentives and simplified access.