Gissing Software launches Hedge Fund Market Data System to integrate algorithmic techniques with real-time prices
Scalable market data platform to help make smaller hedge funds more competitive with out-of-the-box solution
London and New York, 3 June 2008 –
Gissing Software, solution specialists in the routing and
transformation of real-time market and trade data, today announced the launch of a new cost-effective
market data integration platform for hedge funds, the Gissing Hedge Fund Market Data System. The
flexible and robust solution enables hedge funds to create competitive advantage by integrating advanced
algorithmic trading techniques and strategies with trades on existing trading systems and market data
from the trader’s desktop terminal. Following the successful implementation of the system at the
alternative investment platform launched by Malbec Partners in November 2007, Gissing has now made
the final packaged solution available to the wider market.
This follows demand from the hedge fund industry for cost-effective, scalable, low-latency market data
infrastructures that can integrate with the Bloomberg Trading System, commonly used by buy-side firms
today. The platform enables smaller firms to begin to integrate algorithmic techniques, more often
associated with larger firms, to create a competitive edge and help enterprises grow more quickly. It is
easily upgradeable and provides an ideal stepping stone in the migration from existing core infrastructures
as organisations grow to adopt, for example, the Reuters Market Data System (RMDS).
Mary Knox, research director, Gartner stated: “The adoption of low latency algorithmic trading strategies
has moved beyond just large sell-side firms. Critical for the support of these strategies is cost-effective
infrastructure that enables real-time analysis of market data and integration with trading systems.”
Gissing will be demonstrating the new solution at the SIFMA Technology Management Conference and
Exhibit which takes place in New York from 10-12 June 2008.
Other key benefits of the Gissing Hedge Fund Market Data System include:
- Competitive advantage – enables hedge funds to trade using their own algorithmic or
programmatic trading model.
- High performance, low cost – enables users to use Bloomberg Terminals for trades and price
information and continue to maintain positions and security on the Bloomberg Trading System.
- Trading integration - Excel add-in allows the spreadsheet to subscribe to both Bloomberg price
data and the hedge fund’s own security and position data in real-time, to build data into the
trading model.
- Reliability – fully fault tolerant operation based on the proven Gissing ConteX MCS architecture.
Mike Vieyra, CEO, Gissing Software, stated: “We have had a lot of interest from buy-side firms who have
been demanding an intermediary platform from which to build their operations and grow their business.
The Gissing Hedge Fund Market Data System will enable hedge funds to use this core infrastructure
alongside existing systems to help perfect trading strategies. We anticipate this integrated approach will
also help enhance the performance of funds’ algorithms over time. The flexibility and vendor agnostic
nature of Gissing’s technology is key as it will allow businesses to implement larger market data platforms
without restrictions, and do so at a rate which best matches their growth.”
The system integrates Gissing’s next generation multi-contribution system Gissing ConteX MCS, with its
high performance Microsoft Excel add-in, Gissing RealtimeXL. To complete the solution, Gissing ConteX
MCS provides integration to the Bloomberg Trading System, feeding real-time positions data directly into
the Trader’s Bloomberg Terminal. Here, it can then be combined with market data and processed using
either Microsoft Excel or the hedge fund’s own custom application. This closes the market data loop,
enabling accurate position management at all times.
- Ends -
About Gissing Software
Gissing Software, a ThomsonReuters company (www.gissing.com), specialises in solutions for the routing
and transformation of real-time market and trade data. It was founded in 1991 and counts some of the
world's biggest financial institutions among its clients. Almost all of Gissing’s clients are tier one banks and
brokers. With over 60 installations globally, Gissing’s products are renowned in the industry for
performance and reliability. The company has its head offices in London and an office in New York.
Product focus:
- Multi contribution systems for management and distribution of market data to financial data
vendors and other destinations
- Real-time solutions for Excel used by financial professionals in analytics, trading, pricing, data
contribution and administration
- Trade capture platform for Fixed Income, FX and other asset classes
- Data feed handlers
- Market Data System for Hedge Funds
Microsoft and Excel are registered trademarks of Microsoft Corporation.
Bloomberg is a trademark of Bloomberg Finance L.P., a Delaware limited partnership, or its
subsidiaries. All rights reserved.
For more information on Gissing Software products please visit: www.gissing.com
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