CHICAGO, March 5 /PRNewswire/ --
- New Alliance Creates Alpha Generation Platform
RTS Realtime Systems Group (RTS), a leading trading solutions provider, today announced its collaboration with The MathWorks, Inc., the leading developer and supplier of software for technical computing and Model-Based Design. Under the arrangement, RTS has integrated MathWorks popular MATLAB, the interactive technical computing environment, into the RTD Tango algorithmic trading solution. This integration enables algorithmic traders to significantly reduce the time from idea to production, greatly increasing their firms' operational efficiency as they identify and capture opportunities in one integrated environment.
MATLAB's mathematical, statistical and visualization functions combined with RTD Tango offers traders the ability to create highly advanced pre- and post-trade analytic environments and connect them to their execution algorithms. The collaboration represents a new innovative integration between MATLAB's advanced analytics platform and RTS' leading algorithmic trading execution engine.
RTD Tango gives algorithmic traders a programming environment that they can use to design and deploy their own proprietary trading strategies. The MATLAB product family enables users to perform many computational finance tasks, including backtesting, advanced pricing, time-series analysis, risk modeling, and optimizing Tango strategies.
RTD Tango sends and receives data to and from MATLAB via Tango's Feed application programming interface (API). This gives traders the ability to decide which processes and calculations are resource-intensive and offload them onto the MATLAB server, allowing the Tango server to focus on low-latency execution algorithms.
Said Anthony Tassone, RTS Vice President, Algorithmic Trading Solutions: The integration of MATLAB into RTD Tango creates a true alpha(1) generation platform and gives trading firms the ability to do more, faster and with fewer resources. Typically, once traders identify an opportunity, it can take several months to bring that idea into production. The trader may need to consult with programmers and financial engineers to help them model, capture and manage the opportunity. With our integration, we've reduced the days until deployment by enabling a single trader to seamlessly identify, capture and manage an opportunity from one integrated platform. The entire strategy can be conceived written, tested, deployed and controlled by the same user. This dramatic reduction in time and resources needed can help traders and their firms capture not only market alpha but also operational alpha(2).
Traders want their analytics to drive their execution, said Steve Wilcockson, Industry Manager for Computational Finance for The MathWorks. We are delighted to combine our advanced mathematical and financial-oriented technologies with the RTD Tango high-speed execution facility to enhance the ability of traders to build, test and deploy new strategies within minutes and thus act on the optimal time to buy and sell.
We've also given traders the ability to separate out intense computations, such as Monte Carlo simulations, and offload them to MATLAB's environment while the Tango engine maintains its low-latency, high-speed offering, Tassone said.
According to The MathWorks, the 15 leading U.S. asset management firms, the top 10 U.S. commercial banks and 12 of the 15 top hedge funds use MATLAB.
About RTS Realtime Systems Group
RTS is a leading trading solutions provider with offices in Amsterdam, Chicago, Frankfurt, London, New York, Paris, Singapore, Stockholm and 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 The MathWorks
The MathWorks is the leading developer of mathematical computing software. MATLAB, the language of technical computing, is a programming environment for algorithm development, data analysis, visualization and numeric computation. Simulink is a graphical environment for simulation and Model-Based Design of multi-domain dynamic and embedded systems. Engineers and scientists worldwide rely on these product families to accelerate the pace of discovery, innovation and development in automotive, aerospace, electronics, financial services, biotech-pharmaceutical, and other industries. MathWorks products are also fundamental teaching and research tools in the world's leading universities and learning institutions. Founded in 1984, The MathWorks employs more than 2,100 people in 15 countries, with headquarters in Natick, Massachusetts, USA. For additional information, visit www.mathworks.com.
1. Alpha or market alpha represents the ability to achieve excess returns given the risk taken. 2. Operational alpha refers to a firm's ability to increase efficiency while reducing resource consumption.
MATLAB and Simulink are registered trademarks of The MathWorks, Inc. See www.mathworks.com/trademarks for a list of additional trademarks. Other product or brand names may be trademarks or registered trademarks of their respective holders.
Ellen G. Resnick of Crystal Clear Communications, +1-773-929-9292 (o), or +1-312-399-9295 (c), eresnick@crystalclearPR.com, for RTS Realtime Systems Group