LONDON, September 3 /PRNewswire/ --
RTS Realtime Systems Group (RTS), a leading trading solutions provider, announced that the Kyte Group Limited (Kyte), a major UK-based clearing firm for derivatives and equities, has deployed RTS technology to offer direct market access (DMA) to European equities via the Merrill Lynch X-Direct trading platform.
Commented Peter Green, Kyte Group Chief Executive: "We are pleased to further build our relationship with RTS. By deploying its equities connectivity and trading tools, our clients can enjoy increased market reach for both outright trading and hedging."
Kyte's clients include proprietary trading firms, banks, hedge fund managers and market makers. The firm also offers institutional brokerage services.
RTS has provided Kyte's clients with its high-performance, feature rich trading platform, the RTD Realtime Trading Desktop, along with application programming interfaces (APIs) and RTD Tango, the automated, event-based algorithmic trading engine. The RTS FIX connectivity to Merrill Lynch X-Direct enables Kyte to offer low latency, electronic access to European equities, including those listed on the LSE, OMX, and MTA. In addition, plans are underway for Kyte to add RTS-provided access to U.S. equity markets.
Darren Simons, RTS UK Sales Manager, said: "We are delighted to expand on our relationship with Kyte and to bring our high-performance, multi-asset class technology together with Merrill Lynch's low-latency DMA."
About RTS Realtime Systems Group
RTS is a leading trading solutions provider with offices in Amsterdam, Chicago, Frankfurt, London, New York, Paris, Singapore, Stockholm, Sydney, and distribution partners in Greece, India, Italy, Japan and Taiwan. 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 nearly 100 exchanges.
For more information, please visit www.rtsgroup.net
About Kyte Group Limited
The Kyte Group Limited is an independent Futures Commission Merchant (FCM) offering clearing and execution services on the world's most prominent cash and derivatives exchanges. The company is a leading agency clearer on LIFFE, Eurex, CME and ICE and a premier broker to Tier 1 banks, hedge funds and professional traders. Kyte manages external investors' funds through its Kyte Capital Advisors LLP subsidiary and also seeds, manages and markets hedge funds in the alternative investment world.
Kyte is a major force in today's exchange-traded cash and derivatives arena, covering equities, CFDs, equity indices, fixed-income derivatives, short-term interest rate products, commodity futures and options, cash bonds and spot FX.
For more information, please visit www.kytegroup.com
Ellen G. Resnick, +1-773-929-9292, cell: +1-312-399-9295, eresnick@crystalclearPR.com, for RTS Realtime Systems Group