DUBAI, United Arab Emirates, May 22, 2013 /PRNewswire/ -- RTS Realtime Systems Group (RTS), a leading global trading solutions provider, today announced plans to open its newest data center in Dubai, the first Middle East site in its global data center network. Expected to go live in mid-July, the new hub in the RTS global trading network will offer ultra-low latency access to the Dubai Gold & Commodities Exchange (DGCX), one of the world's fastest growing exchanges.
The RTS Dubai data center will be located in the new DGCX co-location facility, which opened in February with the exchange's successful migration to its new low latency trading platform.
RTS CEO Steffen Gemuenden said, "Two years ago, we were delighted to forge a successful partnership in the Middle East with DGCX by providing connectivity and our popular RTD Tango algorithmic trading solution to this market. With the new data center, we're taking the partnership with DGCX to the next level – enabling our common clients in Asia, the U.S. and Europe to have ultra-low latency access to DGCX. Clients can soon leverage our full range of Tango solutions in this co-located environment to maximize their trading strategies."
Gary Anderson, CEO of DGCX, said, "DGCX is in the midst of an exciting growth phase following the implementation of the EOS Trade platform this year. An advanced trading platform and strong product line has enabled DGCX to be one of the fastest growing exchanges in the world. The integration of RTS's Dubai data center into DGCX's co-location facility will further enhance ultra-low latency connectivity to the Exchange for market participants and support them in maximizing trading strategies."
In the past year, RTS has expanded its global network, opening data centers in Shanghai, Tokyo and Hong Kong to address growing demand in the Asia Pacific (APAC) region. The firm already had data centers in Chicago, New York, London, Frankfurt, Singapore and Mumbai. Through its global trading network, RTS offers proximity hosting services, along with direct market access to exchanges across regions and assets classes.
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 and commodity trading houses. The firm is a global leader in robust electronic trading software, connectivity, hosting, matching and risk management solutions. With standardized low latency connectivity gateways to 135+ exchanges and execution venues worldwide, the firm provides proximity hosting and co-location services to 80+ venues via its global data center network. The RTS infrastructure enables clients to deploy sophisticated trading strategies quickly, securely and cost-effectively throughout multiple trading desks and sites. RTS has offices in Amsterdam, Chicago, Frankfurt, Hong Kong, London, Mumbai, New York, Pune, Singapore and Sydney.
Established in 2005, DGCX is the region's first derivatives exchange and the only one allowing participants to clear and settle transactions within the Gulf region. The Exchange has played a pioneering role in developing the regional market for derivatives. DGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX). It is an electronic commodity and currency derivatives exchange with 230 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors. For more information: www.dgcx.ae
SOURCE RTS Realtime Systems Group