Redline Trading Solutions has been short-listed for 2 categories in this year's Intelligent Trading Technology Awards, please vote for Redline! 

Redline Trading Solutions Breaks 180 Nanosecond Tick-to-Trade Barrier

New York – 7 August 2018 – Redline Trading Solutions, the premier provider of high-performance market data and order execution solutions, today announced the production deployment of its hybrid software and FPGA-based market data and order execution gateway solution.  

This new offering provides clients with an integrated software and FPGA model that achieves an industry-leading sub 180 nanosecond tick-to-trade measured wire-to-wire in real world conditions. The solution allows trading applications to simultaneously leverage the capabilities of Redline’s industry-leading software-based feed handler and order execution gateway while leveraging an integrated FPGA processing engine to execute latency-critical market data-triggered orders.

“This solution expands Redline’s offering to use cases that require the absolute lowest latency,” said Mark Skalabrin, CEO of Redline. “The combination of Redline’s industry leading-software solution with FPGA processing delivers a powerful solution for ultra-low latency trades.”



About Redline Trading Solutions, Inc. 

Redline Trading Solutions is the premier market access technology provider, delivering low-latency access to market data and order execution on over 150 venues. With flexible delivery models, Redline provides a comprehensive, end-to-end solution for multi-asset electronic trading with global market coverage, enabling smarter access to global liquidity. 

Redline has offices in the U.S., Europe, and Asia supporting traders, market makers, financial institutions and other market participants worldwide.

Request a trial.

Redline Trading Solutions Signs Statement of Commitment to FX Global Code of Conduct

WOBURN, Mass. – 14 May 2018 – Redline Trading Solutions, the premier provider of high-performance market data and order execution systems for automated trading, today announced it has signed the Statement of Commitment to the FX Global Code of Conduct as facilitated by the Global Foreign Exchange Committee.

Released in May 2017, the FX Global Code establishes a common set of guidelines and principles for good practice in the FX market. Redline joins the more than 100 market participants to date who have pledged adoption of the Code.

“We’re pleased to be counted among top technology and services providers in confirming that our practices are in full support of the integrity and effective functioning of the FX market,” said Mark Skalabrin, CEO of Redline Trading Solutions.

The RedlineFX solution integrates the InRush™ price aggregator with the Order Execution Gateway to provide an end-to-end high-performance platform for trading global spot currency pairs, FX Futures, and Options on FX Futures. Interfaced to over 45 global Forex and Derivatives trading venues, RedlineFX is offered as licensed software or as a Redline Managed Service with presence in London, New York, and Tokyo colocation facilities.


About Redline Trading Solutions, Inc.
Redline Trading Solutions is the premier market access technology provider, delivering low-latency access to market data and order execution on over 150 venues. With flexible delivery models, Redline provides a comprehensive, end-to-end solution for multi-asset electronic trading with global market coverage, enabling smarter access to global liquidity. Redline has offices in the U.S., Europe, and Asia supporting traders, market makers, financial institutions and other market participants worldwide.

 

Request a trial.

Redline Trading Solutions enables low-latency FX trading on Cboe FX and Cboe SEF

NEW YORK27 March 2018 – Redline Trading Solutions, the premier provider of high-performance market data and order execution systems for automated trading, today announced support for outright deliverable foreign exchange (FX) forwards traded on Cboe FX Markets and non-deliverable FX forwards (NDFs) executed on Cboe SEF, the foreign exchange venues owned and operated by Cboe Global Markets.

Leading trading firms that are FX clients of Cboe using Redline’s InRush™ Market Data Ticker Plant and Order Execution Gateway can now receive market data and execute FX forwards on Cboe FX and NDFs on Cboe SEF – all on a single server. With support for 40 FX global feeds including Cboe FX’s spot feed, Redline improves fill rates and execution quality by providing a broader view of available liquidity to quickly capture best pricing.

“We are seeing significant interest in NDFs on Cboe SEF from our customers, and we are excited to be among the first providers to integrate with Cboe’s new venue,” said Mark Skalabrin, CEO of Redline Trading Solutions.

Redline customers can take advantage of Cboe FX’s and Cboe SEF’s novel capabilities in the FX industry, including:

  • A fully anonymous central limit order book with firm all-to-all trading available to all users;

  • Configurable firm and non-firm streaming quotes for tailored liquidity needs;

  • Curated liquidity pools to meet users’ execution criteria;

  • A diverse network of users resting passive liquidity and a wide distribution network for Market Makers; and

  • Pre-trade Net Open Position (NOP) credit checks and real-time risk management.

The Dodd-Frank regime, enforced by the Commodity Futures Trading Commission, mandates that certain market participants trade swaps such as NDFs on swap execution facilities. Market participants can trade NDFs on emerging markets currencies for the first time on Cboe SEF.

“Cboe is committed to enhancing the way outright deliverable forwards and NDFs are transacted in the market,” said Paul Millward, Head of FX Product Strategy at Cboe. “We are excited to see Redline Trading Solutions offer customers the ability to transact on Cboe FX and Cboe SEF on its ultra-low latency platform.”

Redline’s solution is available as a fully managed platform in London, New York, and Tokyo or as standalone software and is flexible to meet a variety of deployment configurations. Redline’s FX solution provides best in class single-digit microsecond tick-to-trade latency as well as robust pre-trade risk controls for trading participants.

Request a trial.

Metamako and Redline Now Offer Ultra-Low Latency Trading Solutions

WOBURN, Massachusetts and SYDNEY, Australia06 February 2018 – Metamako, the leading provider of low-latency, FPGA-enabled network devices, and Redline Trading Solutions, the premier provider of high-performance market data and order execution systems, today announced a partnership offering an ultra-low latency end-to-end solution for clients in the automated trading space.

Redline’s InRush™ market data solution, which provides high-quality consolidated market data feeds, now uses Metamako’s network devices to receive data from over 150 global exchanges, offering data fan-out in only 5 nanoseconds. As a result, clients can now obtain normalized market data with the lowest possible network latency for a wide range of asset classes including equities, derivatives, FX, fixed income and commodities.

Equally, Metamako devices can now be used to connect Redline’s Order Execution Gateway to exchanges for significantly reduced switching latency on order entry and aggregation.

“Metamako is uniquely positioned to significantly reduce network latency and increase flexibility in the network fabric which is a key advantage when deploying trading solutions like Redline’s,” said Kevin Covington, CEO of Metamako. “We are driven to provide our clients with the fastest solutions possible and our joint focus is to continually develop increasingly advanced technology,” he added.

“Redline’s ability to run sophisticated and complex trading strategies with ultra-low latency end-to-end performance requires the fastest network connection to and from each trading venue, and Metamako’s devices are proven to be far faster than any conventional switch,” said Mark Skalabrin, CEO of Redline. “Redline Managed Service experts are deploying Metamako’s switches for our joint customers who are gaining competitive advantage with this integrated, high-speed solution,” he added.

In addition to the integration of Metamako’s network devices in Redline’s trading platform, Metamako devices running the MetaWatch application provide nanosecond-resolution packet timestamps of the market data. These timestamps, with a precision of 1 nanosecond, now feed into Redline’s Market Data Recorder, enabling time-accurate back testing of trading strategies, trade compliance verification, and analysis of market events.

For more information, contact Redline at sales@redlinetrading.com and Metamako at info@metamako.com.


About Redline Trading Solutions, Inc.

Redline Trading Solutions is the premier financial technology firm delivering low-latency access to market data and order execution on over 150 venues. With flexible delivery models, Redline provides a comprehensive, end-to-end solution for multi-asset electronic trading with global market coverage, enabling smarter access to global liquidity. Redline has offices in the U.S., Europe, and Asia supporting traders, market makers, financial institutions and other market participants worldwide.


About Metamako
Metamako is a leading provider of high-performance, low-latency network solutions for financial markets. Its network platform of disruptive hardware, FPGA-enabled devices and applications is built for ultra-low latency, superior performance and programmability to provide financial firms with the ability to simplify their network stack and support computing at the edge. Its super-fast devices with latency of just 4 nanoseconds have been independently tested by the STAC Benchmark Council.

Founded in 2013, Metamako is based in Sydney, Australia, with offices in New York, London and Tokyo. For more information visit www.metamako.com.

Media Relations Contacts
Redline Trading Solutions, Inc.
marketing@redlinetrading.com

Alla Lapidus / Piers Grassman Moonlight Media
metamako@moonlightmedia.co.uk
+44 (0) 20 7250 4770

Redline enables low-latency Bitcoin futures trading on Cboe and CME

NEW YORKJanuary 9, 2018 – Redline Trading Solutions, the premier provider of high-performance market data and order execution systems for automated trading, today announced support for Bitcoin futures.

Leading trading firms who use Redline to achieve best in class queue position can now gain the same level of performance, accuracy, and affordability for trading Bitcoin futures. Customers who wish to take advantage of the new Bitcoin futures contracts from CME Group Inc. (CME) and Cboe Futures Exchange (CFE) can now receive market data and trading access. Redline’s solution is available as a fully managed platform or standalone software and is flexible to meet a variety of deployment configurations.

Through its deep understanding of the futures markets and trading use cases, Redline has implemented proprietary technology that allows customers to achieve best in class, low-latency trading performance. The underlying technology is the result of 10 years of intensive research and development and is deployed at leading firms worldwide.

“There is strong interest in cryptocurrencies coming from hedge funds and proprietary trading firms,” said Mark Skalabrin, CEO of Redline. “They see the addition of futures at CME and CFE as a significant milestone in the market and are looking to Redline to provide exceptional technology services to address their needs.”

Redline Trading Solutions supports over 150 global markets for market data and order execution and covers a wide range of asset classes including futures, options, equities, foreign exchange, and fixed income.


Start a trial.

Redline Trading Solutions’ Order Execution Gateway Now Supports ASX

HONG KONG6 September 2017 – Redline Trading Solutions, the premier provider of high-performance market data and order execution systems for automated trading, today announced certification of its Order Execution Gateway solution by the Australian exchange, ASX.

“Australia is an important market for our global customers as well as a key priority for our expansion in Asia,” said Mark Skalabrin, CEO of Redline. “Our customers may now submit futures, options and spread orders from our ultra-low latency order gateway to the new ASX 24 Trading Platform,” he adds.

Today Redline’s solutions interface to over 150 trading venues for equities, futures, options, foreign exchange, and fixed income.

Request more information.

Redline Helps Banks and Trading Firms Prepare for MiFID II

LONDON, UK26 June 2017 – Redline Trading Solutions, the premier provider of high-performance market data and order execution systems for automated trading, today announced updated InRush™ feed handlers for European trading venues as the industry prepares for MiFID II compliance in January 2018.

“Next-generation exchange platforms, originally designed to improve throughput and latency, are now also serving as the mechanism for meeting the looming mandates of MiFID II regulations,” said Matt Sexton, CTO of Redline. “Redline is supporting our customers with the rollout of new feed handlers for virtually every exchange in Europe this year, as well as providing the tools and infrastructure needed to help meet MiFID II testing requirements,” he adds.

This month the London Stock Exchange decommissioned their legacy MITCH interface and are now fully transitioned to their new Group Ticker Plant (GTP). Features for MiFID II compliance include new data types, updated trade and transaction fields, indicative quote information, and message timestamps adhering to required accuracy levels.

Euronext’s new Optiq Market Data Gateway went into pre-production testing a week ago for cash markets (July for derivative markets). Optiq increases throughput with more predictable latency, ensures compliance with MiFID II regulations, and harmonises Euronext’s cash and derivative messaging model. Changes driven by MiFID II include disaggregation of market data channels for affordability and new order and trade fields for transparency.

Deutsche Börse is migrating their Xetra cash markets venue (XETR) to the modern T7 Release 5.0 trading architecture now, in preparation for the start of trading in equities and ETFs in early July. T7 and the CEF Core data feed will be enhanced later this year for compliance to MiFID II requirements.

Other European exchanges moving this fall to new or updated protocols for MiFID II compliance include Nasdaq OMX Nordic (GCF 3.5), Vienna Stock Exchange (T7) and SIX Swiss Exchange (SMR7).

Redline’s roadmap to upgrade support for affected European equity and derivative exchanges this year will help ensure customer continuity in trading and their compliance with MiFID II when it goes into effect in early January.

Redline’s Support for New Binary Multicast Feed Enhances Best Execution in FX Trading

WOBURN, Massachusetts19 June 2017 – Redline Trading Solutions, the premier provider of high-performance market data and order execution systems for automated trading, today announced a new InRush™ feed handler for the next-generation binary multicast feed now being rolled out for foreign exchange trading on the Thomson Reuters FX Matching™ platform.

“Over the last few years, electronic trading in foreign exchange has moved into the sweet spot of Redline’s ultra-low latency trading solutions,” said Mark Skalabrin, CEO of Redline. “Our liquidity aggregation becomes even more effective at assuring best execution in FX trading as liquidity providers like Thomson Reuters and EBS introduce faster market data technologies,” he adds.

Redline’s foreign exchange trading solution now supports over 40 distinct FX feeds. This breadth has been expanded with recently released interfaces for FX liquidity providers that include Cürex FX (ECN), Integral’s Open Currency Exchange (OCX), and Moscow Exchange (MOEX). Redline will continue to provide feed handler support for Thomson Reuters’ FX Matching MAPI (RFA) feed, first implemented by Redline in 2013.

Redline Trading Solutions Announces Support for Quincy Extreme Data Microwave Feed

WOBURN, Massachusetts – 1 May 2017 – Redline Trading Solutions, the premier provider of high performance market data and order execution systems for automated trading, today announced its new feed handler for the Quincy Extreme Data™ (QED) feed. QED is distributed by Quincy Data, LLC via McKay Brothers’ microwave links from 18 co-location centers in the U.S., Europe, and Asia.

“The global footprint of QED points of presence leveraging microwave transmission technology, combined with Redline’s ultra-low latency InRush™ feed handlers, provides an integrated market data solution for latency-critical trading applications,” said Mark Skalabrin, CEO of Redline. “When layered with Redline’s Order Execution Gateway, customers gain a fully normalized ultra-low latency end-to-end trading framework.”

Since 2012, Quincy Extreme Data has delivered pricing information, typically at the lowest latencies, on the most actively traded symbols required for market makers and traders of strategies such as statistical arbitrage. Redline’s InRush ticker plant normalizes this data alongside other required market data and forms composite books that benefit a broader set of low-latency trading strategies.

“QED’s growing adoption demonstrates that traders and risk managers increasingly equate ‘quality market data’ with the lowest latency data available,” said Stéphane Tyč, Co-Founder of Quincy Data LLC. “Redline’s support of QED brings a new choice to firms needing a full tick-to-trade solution optimized for speed,” he adds.

About Quincy Data
Quincy Data, LLC, is the leading microwave distributor of extremely low latency market data. The Quincy Extreme Data service, live since 2012, offers an integrated and normalized feed of select financial market data sourced from multiple exchanges in the U.S., Europe, and Asia. Quincy is dedicated to leveling the playing field for extreme low-latency market data and being the data provider of choice among electronic trading desks of all sizes. www.Quincy-Data.com

About Redline Trading Solutions, Inc.
Redline Trading Solutions, a pre-eminent financial technology firm, empowers trading with high-performance market data and order execution solutions that solve today’s toughest latency and reliability challenges while reducing costs. With offices in Boston, New York, London, Hong Kong and Belfast, Redline’s customers include leading investment banks, brokers, exchanges, hedge funds, and proprietary trading firms.

Request a trial