ALGO Technologies Limited is launching today to deliver next generation trading technology solutions with a particular focus on algorithmic trading, execution and market data services.
Hirander Misra a founder and former COO Chi-X Europe, is the newly appointed CEO and a founding director of ALGO Technologies, which has offices in London and New York. Howard Morgan, President of Arca Group Inc, has been appointed as non executive Chairman. ALGO Technologies will provide near-zero latency market data, trading and matching solutions and is developing an extensive dark fibre network to provide high speed market data and connectivity across all major international market centres, in multiple data centre locations.
“We see enormous potential for our breakthrough technologies in international markets, and we are very pleased to announce the formation of ALGO Technologies and we are particularly pleased that this will be led by Hirander Misra as CEO” commented Howard Morgan, non executive Chairman of ALGO Technologies.
Hirander Misra added, “We believe that there is increasing demand for ultra low latency trading software and services. Most vendor solutions do not adequately meet this need and are far too expensive. ALGO Technologies will roll out products that create a sea change in speed and automation for the trading community. We will shortly be announcing differentiated low cost solutions for significantly faster market data, direct market access, smart order routing and cutting edge execution technology”.
Co-founders of the firm include Rami Habib and Alexei Lebedev who have been appointed as Directors.
ALGO Technologies is owned by the co-founders and ALGO Engineering LLC, a US trading and technology development firm specialising in algorithmic trading activity.
Specific products, solutions and trading platform developments from ALGOTechnologies will be announced shortly.
