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The Kyte Group Goes Live with AlgoSpan

Futures commission merchant The Kite Group is tapping AlgoSpan for low-latency infrastructure and access to European exchanges/MTFs, to meet the demands of HFT clients and hedge funds.

The Kyte Group LLC, a futures commission merchant that provides clearing and settlement services as well as direct market access to professional traders, went live with AlgoSpan’s low latency exchange market access platform, AlgoNet, the company said today.

Kyte and their clients, including proprietary traders, market makers and hedge funds, can now access the AlgoNet low latency European exchange network, including co-location at all major venues.

Citing the growing demand from high frequency trading firs and hedge funds to get the lowest latency possible at the most competitive prices, Kyte will leverage the AloSpan infrastructure to help grow its DMA business, according to the release.

Dr. Rami Habib, co-founder and director of AlgoSpan stated that “Kyte Group is one of the leading clearing, broking and Direct MarketAccess service providers and AlgoSpan is committed to providing the best possible infrastructure to them and their clients. AlgoSpan understands the need for fast exchange access and connectivity.”

In the same release, Peter Green, Kyte's CEO, said the FCM would use AlgoSpan’s technology internally as well as offering its clients access to the infrastructure.

Low-latency normalized market data ( AlgoData) is offered over the AlgoSpan infrastructure and is available for all the major European exchange/MTF trading venues. “Good quality, low latency market data is critical for any trader that is looking for best execution with the ability to route orders to the most effective venue. AlgoSpan have built both the infrastructure and the low latency normalization to make this readily accessible,” added Dr. Habib in the release..

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

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