Tbricks sets out managed trading platform
Swedish trading system specialist Tbricks has released OnDemand, a new platform that it says will remove the need for trading firms to make any investment in hardware, installation nor running costs.
The idea is that Tbricks provides a fully managed trading infrastructure that includes connectivity and direct market access, together with market data, for equities and derivatives exchanges, multilateral trading facilities and brokers, so that the customer doesn’t have to do any of the work associated with setting up a trading platform.
Tbricks is sourcing its market data from QuantHouse, a trading technology company owned by S&P Capital IQ. The platform also uses QuantHouse’s trading infrastructure, which consists of a fibre optic network and proximity hosing at exchanges.
“Offering Tbricks as a managed service enables our clients to focus exclusively on their core business and leaving all matters concerning their technology infrastructure to us,” said Jonas Hansbo, chief executive at Tbricks. “By using Tbricks as a managed service supplier, our clients benefit from a greatly reduced need for internal technology resources, reduced operational risk and time to market benefits.”
For some years, outsourcing arrangements such as cloud computing have been gaining ground as businesses seek to cut costs and focus their remaining staff on the core value proposition of the company. In November, Norwegian broker Christiania outsourced its own execution to specialist company Neonet; even Nasdaq OMX, when it launched a cloud computing platform, called in Amazon Web Services to provide the computing power. Tbricks is tapping into this idea to provide a ‘hassle-free’ trading platform.
Tbricks is based in Stockholm, and has been around since 2008, focusing on trading software in Europe and North America. On Demand is currently available in Stockholm, London, Frankfurt and Chicago.