Renaissance Capital and GATElab Launch HFTS Solution for MICEX
OREANDA-NEWS. June 5, 2012. GATElab, the independent multi asset electronic trading systems provider, is pleased to announce the successful go-live of Renaissance Capital, the leading emerging markets investment bank. In May 2012 Renaissance Capital went live on the MICEX Cash Equities Segment using the High Frequency Trading Software (HFTS) module.
The GATElab HFTS module allows Renaissance Capital’s clients market access sub 130 microseconds one way, nic-to-nic, including pre-trade risk checks. Customers can easily code to FIX for low latency DMA access and can be hosted either at MICEX M1 Official Co-location, Renaissance Capital Proximity Services or their own data centre.
Stefano Falciani, Managing Director at GATElab said:
"Renaissance Capital is pioneering the ultra low latency/high frequency trading connectivity field. GATElab is proud to be their exclusive partner in this path and is committed to provide Renaissance Capital with best of breed trading solutions”.
Damian Bunce CEO, Electronic Trading Group at Renaissance Capital said:
"This product is a breakthrough towards the completion of phase 1 of our strategy to be the de facto standard in sophisticated prime brokerage and ultra high speed access to