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RTS Realtime Systems Group (RTS), a leading independent software vendor (ISV), today announced an agreement with The Bond Buyer’s RapiData to become the first ISV to provide its users with direct access to RapiData’s new low latency digital economic data feed.
The agreement enables RTS to offer users of its algorithmic trading tool, RTD Tango, the ability to incorporate economic news releases into their automated trading strategies – enabling them to instantly react to new information about U.S. inflation, employment, productivity and a host of other indicators. RapiData’s machine readable format will allow direct and accurate delivery to applications that are programmed to react to such information, within milliseconds.
Steffen Gemuenden, Co-CEO of RTS, said: “We are very pleased to offer this exciting new capability to users of RTD Tango and our other products. It brings our customers a new level of high value content to the already substantial logical functionality we offer based on market and trade data.“
Said Matt Edelstein, Chief Operating Officer of RapiData: “Adding this extra dimension of powerful content to the automated trader’s toolset is as essential as low latency and stability to a trader’s success in the modern trading arena. We look forward to providing this capability to RTS in the first quarter of 2008.“
About RTS Realtime Systems Group:
RTS is a leading Independent Software Vendor (ISV) with offices in Amsterdam, Chicago, Frankfurt, London, New
York, Singapore, Stockholm, Sydney, and distribution partners in Greece, India, Italy and Japan. Founded in 1992,
RTS is a pioneer in the design and creation of high performance, functionally rich, multi-asset electronic trading
software, with thousands of user connections to more than 85 exchanges and liquidity pools globally through its
deployed trading screens and application programming interfaces (APIs). RTS’ software suite includes the RTD
Realtime Trading Desktop with further add-on modules, the Java-based distributable front end eRTD, as well as the
automated algorithmic trading platform RTD Tango, with its full back-testing capabilities. Through its data centers, the
firm provides flexible and high-speed connectivity options, state-of-the-art IT infrastructure and professional
application services provider (ASP) solutions – True DMA (True Direct Market Access). RTS’ client list includes many of
the world’s leading banks, brokers, commodity trading advisors (CTAs), hedge funds, market makers, investment
firms, day trading companies, introducing brokers, exchanges and other market participants. Please visit
www.rtsgroup.net. For more information, please contact: globalsales@rtsgroup.net.
About The Bond Buyer’s RapiData:
The Bond Buyer’s RapiData is a new economic data service designed from the ground up to offer traders an extremely
low-latency news feed direct from the U.S. Bureau of Labor Statistics, Commerce Department, and Treasury.
RapiData accomplishes this high-speed delivery by avoiding the main causes of latency, such as serialization delay,
depending on the chosen bandwidth; switching delay, caused by the number of hops within a network; and
propagation delay, depending on physical distance. The integrity of the data delivered over the network is ensured by
The Bond Buyer, SourceMedia’s daily newspaper of municipal finance, which boasts a 117-year history as the nation’s
most reliable source of news and information impacting the U.S. fixed-income markets.
