RTS Connects to BGC Partners’ eSpeed Electronic Platform

CHICAGO and NEW YORK, July 9 /PRNewswire/ — RTS Realtime Systems Group, a leading trading solutions provider, today announced that its algorithmic trading solutions are now connected to BGC’s eSpeed electronic trading platform. The first customers plan to start trading this month.

To provide access to multiple pools of global liquidity, RTS is now offering a co-located version of its algorithmic trading platform RTD Tango for low-latency access to BGC’s eSpeed platform. The set-up is designed to provide cost-effective, high-speed algorithmic trading capabilities for trading cash U.S. Treasuries on BGC’s eSpeed platform alongside U.S. Treasury futures on ELX Futures, L.P. (ELX Futures).

Said Steffen Gemuenden, CEO and President of RTS Realtime Systems: “Traders will now be able to build and deploy their alpha seeking trading strategies in a sub-millisecond environment with minimal up-front investment of time and resources. Buy- and sell-side institutions use RTD Tango to develop and execute their proprietary algorithms, leveraging their intellectual property.”

Greg Veselica, Managing Director of Buttonwood Group, LLC, a global futures trading firm, said: “We chose RTS as our solution to trade BGC US Treasuries and ELX Futures after careful review of other providers’ offerings. RTS has the best performance, ease of programming, the most market connections available in an ASP and the quickest time to market.” Added Dave Dugan, Buttonwood COO: “RTS met our implementation time and speed to market expectations, and RTS’ technology portfolio has been highly adaptive and easy to deploy.”

“We are pleased that RTS has joined our preferred vendor program and are encouraged to hear of their early success in deploying Tango to approved BGC customers. We look forward to working with RTS with the aim of providing access to other products available electronically on our proprietary trading platform. These currently include U.S. Treasuries, foreign exchange (FX) and International Government Bonds. Treasury futures on ELX Futures, which is scheduled to launch on July 10th, will also be available with BGC as the technology provider for ELX,” said Robert Brown, Global Head of eBusiness integration at BGC Partners.

About RTS Realtime Systems Group

RTS is a leading solutions provider with offices in Amsterdam, Chicago, Frankfurt, London, New York, Paris, Singapore, Stockholm and Sydney, and distribution partners in Greece, India, Italy, Taiwan 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 over 100 exchanges and liquidity pools.

For more information, please visit www.rtsgroup.net.

About BGC

BGC Partners, Inc. (Nasdaq: BGCP) is a leading, fast growing, and global inter-dealer broker, specializing in the brokering of financial instruments and related derivatives products. BGC Partners provides integrated voice, hybrid, and fully electronic execution and other brokerage services to the world’s largest and most creditworthy banks, broker-dealers, investment banks, trading firms, and investment firms for a broad range of global financial products, including fixed income securities, interest rate swaps, foreign exchange, equity derivatives, credit derivatives, futures, commodities, structured products, and other instruments.

For more information, please visit: http://www.bgcpartners.com.

SOURCE RTS Realtime Systems Group