RTS Realtime Systems Connects to BGC Partners' eSpeed Platform

RTS's co-locates algo platform to provide low-latency access to U.S. Treasury futures via BGC's eSpeed platform, along side ELX Futures.

RTS Realtime SystemsBGC’s eSpeed platform.

The co-location set up is meant to provide cost-effective, high-speed algorithmic trading capabilities for trading cash U.S. Treasuries on BGC’s eSpeed platform alongside U.S. Treasury futures on ELX Futures, L.P. ELX Futures is an alternative futures exchange that is going live today, July 10th, in an attempt to invade CME’s turf. In a statement, Buttonwood Group, LLC, a global futures- trading firm, said it chose RTS to trade BGC US Treasuries and ELX Futures, after a careful review of other providers’ offerings. “RTS has the best performance, ease of programming, the most market connections available in an ASP and the quickest time to market,” stated Greg Veselica, Buttonwood’s managing director in the release. Buttonwood’s COO, RTS met the firm’s implementation time and speed-to-market expectations.

“Traders are able to deploy alpha-seeking trading strategies in a sub-millisecond environment with minimal upfront investment of time and resources,” according to Steffen Gemuenden, CEO and president of RTS Real-time Systems in the release. Buy and sell-side institutions use RTD Tango to develop and execute their proprietary algorithms, the CEO added.

RTS is providing access to the exchange products through BGC’s preferred vendor programs and is deploying Tango to approved BGC customers, according to Robert Brown, Global Head of eBusiness Integration at BGC Partners, in the release. “We look forward to working with RTS with the aim of providing access to other products available electronically on our proprietary trading platform,” stated Brown in the release. Those products currently include U.S. Treasuries, foreign exchange (FX) and international government bonds.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio