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October 29, 2014 Amsterdam-based market maker WEBB consolidates cash and derivatives trading and market making on a single, high-performance platform. WEBB, market maker and liquidity provider on key European markets, has deployed Tbricks for trading and market making of cash products and financial derivatives.
As a participant of multiple world leading cash and derivatives exchanges and MTFs, WEBB requires a high standard of performance and connectivity.
”After a take over, we had several systems for cash and derivatives trading which was far from ideal” says Marco van den Berg, CEO WEBB. ”We needed to consolidate on a fast and future-proof platform that could support our own style of trading, could scale as we grow and support all markets where we are active. After evaluating our current systems as well as several others, Tbricks was the best match for our needs. It is a modern system designed for high speed and increasing volumes. We expect it to support our needs for the coming years.”
”As the Amsterdam market remains strategically important to us, we are delighted that WEBB selected Tbricks to support their successful trading and market making business” says Jonas Hansbo, CEO Tbricks.
Tbricks’ market making fuses server-based auto-quoting and auto-hedging with fully configurable visualization in the front end, enabling firms to make markets with high performance and control.
For cash trading, Tbricks supports executing automated trading strategies as well as manual and high touch strategies on multiple markets.
Tbricks' functional scope includes customizable pricing, volatility management, risk management, team quoting and a whole series of trading features such as hidden quotes (electronic eye or take out machines), peg quotes, multi-level quoting, quote spreading, portfolio graphs, portfolio stress testing and RFQs.
September 11, 2014 Join Eurex, Tbricks and the A-Team in a webinar on the following topics: High speed, low latency trading connectivity is no longer enough to differentiate you from your competitors - so how do you add value to your trading systems? How can you create a trading platform that is:
In today's webinar, A-Team Group's chief content officer Andrew Delaney will discuss these questions with industry experts:
June 10, 2014 Recruits Matteo Carcano to strengthen local presence as the company continues to establish strategic local presence throughout Europe and the U.S. amidst strong customer demand.
Tbricks’ market share, revenues and overall size continue to grow, and the company remains committed to reinvestment. Establishing a presence in Italy enables Tbricks to meet increasing demand for its next-generation trading technology across Southern Europe. Local coverage improves customer communication that drives the product innovation cycle and Tbricks new office will have active engagement with banks, trading and market making institutions throughout the region.
Tbricks’ Italian office will be headed by Matteo Carcano, a senior executive with extensive industry experience. Prior to joining Tbricks, Matteo was the COO of Orc Software where he had also served as General Manager Italy and EMEA President. He was previously the General Manager of OMX Technology, Italy.
“I am proud to welcome Matteo Carcano as Managing Director of Tbricks’ Italian office,” says Jonas Hansbo, CEO Tbricks. “After nearly two decades of serving global financial institutions, Matteo combines international expertise with a thorough understanding of the specific requirements of trading organisations in Southern Europe. With this background, Matteo has the capacity to match Tbricks’ unique benefits to the needs of traders and market makers in this region.”
“I am very excited to establish Tbricks’ presence in Milan, and to represent the company's ground-breaking financial technology to customers in Italy and Southern Europe," says Matteo Carcano, MD Tbricks Italy. “I am impressed not only with the technology, but also with the trading business skills of Tbricks’ employees. They are technical experts who can speak the language of traders, quants and market makers, as well as IT teams, allowing Tbricks to thoroughly understand their needs and tailor the perfect solution.”
Tbricks’ technology represents a new paradigm in trading platforms, one that meets the needs of complex and cost-sensitive organisations by combining the best of buy and build.
January 28, 2014 Tbricks today announced that its trading system will be available on the Linux platform as of May 2014, raising the bar on performance and flexibility.
Tbricks’ trading technology offers customers superior performance and the power to quickly adapt to changing market conditions through its app-based architecture. The decision to support Linux amplifies these competitive advantages while addressing the requirements of customers to consolidate operating environments.
Tbricks will be fully supported on the Linux platform, including all key features such as the Speedcore® acceleration technology.
“Since starting Tbricks in 2006, we’ve closely monitored the evolution of operating systems. Linux has truly come of age and is excellent at adopting and supporting technologies relevant to the financial industry. We can envision some fantastic new products and serious product improvements that can be realized now through the support of the Linux platform” says Tbricks CTO Joakim Johansson.
January 27, 2014 For the second consecutive year, Tbricks is recognized as one of the hottest financial technology companies in Europe on the FinTech 50 watch list.
Jonas Hansbo, CEO and co-founder of Tbricks, says: “I am delighted that Tbricks is once again listed on the FinTech 50 Watchlist. Through its unique, app-based architecture, Tbricks offers customers superior performance and the power to quickly and repeatedly adapt to changing market conditions.”
The FinTech50 2014 is selected by a panel of industry experts from across the financial services and technology industry. The panel convened at the end of 2013 to debate and select 50 companies in the sector across Europe that demonstrate the potential to become a game-changer in FinTech or the competitive staying power to continue being one.
The FinTech 50 is an annual exercise to track one of the fastest moving sectors in technology. It is a collaborative project by TheCEOAgenda, ICON Corporate Finance, Hotwire, Silicon Valley Bank and Fox Williams.
October 24, 2013 Tbricks and DeltaOne Solutions introduce a new solution that makes it easier to source, price and trade exchange traded funds (ETFs). The initiative combines technology for ETF sourcing and trading to improve efficiency and streamline infrastructure for quoting and hedging.
The initiative combines the strengths of Tbricks’ ETF trading technology with DeltaOne’s Index and ETF data management and analysis capabilities.
The proliferation of ETFs and related products has created a need for an electronic processing solution to help streamline the process from sourcing to trading. Tbricks and Delta One Solutions now offer market makers and traders a turnkey solution to analyze, implement, quote and hedge ETF and index trades.
“By combining the individual strengths of Tbricks’ trading technology and DeltaOne’s ETF and Index data accuracy, we are taking a major step forward in addressing calls from global regulators and clients for a fully integrated solution for ETF quoting and hedging. We believe the time is right for consolidation around a collaborative framework to address the challenges of rapid growth, operational risk and high costs in the trade markets,” said Jonas Hansbo, Chief Executive Officer, Tbricks.
“This partnership is a full strength combination that reaches across borders and asset classes to provide a service that will help a wide range of market participants achieve greater certainty in their transaction processing,” said Bernie Thurston, Global Head of DeltaOne Solutions.
October 15, 2013 Tbricks today announced that it has opened an office in Chicago and hired Molly McMahon as Managing Director of the company’s United States business. The new office will enable Tbricks to provide dedicated coverage to its growing North American client base.
Molly McMahon joins Tbricks from the CME Group where she worked in technology product marketing and product management. Prior to her time at CME Group, Molly worked at Orc Software, whose Chicago operation she helped to open.
Effective immediately, Tbricks’ Chicago office will focus on the specific needs of U.S. market makers and professional traders.
“We are happy to announce that Molly McMahon has joined Tbricks as Managing Director, based in our Chicago office” says Jonas Hansbo, CEO Tbricks. “Molly has extensive experience with electronic trading software and will provide our clients with outstanding service.”
“This is an exciting time for Tbricks,” observes McMahon. “Having already established a strong base of clients in Europe, we now have the opportunity to substantially develop the U.S. business. I am thrilled to join the extremely talented Tbricks team and I look forward to expanding the distribution of the company’s innovative trading software” says Molly McMahon, MD Tbricks United States.
September 12, 2013 Tbricks today announced that Nino Options, leading Dutch market maker, has deployed Tbricks’ proven and flexible market making platform.
As a market maker in options on Dutch and German equities and indexes, Nino Options requires the highest standards of performance and specific functionality.
Tbricks has, in collaboration with Nino Options, developed a bespoke trading solution around pricing, quoting and risk.
"We wanted a flexible alternative to our previous market making application that could support our own style of trading, could scale with the number of users and also support TOM” says Alfred Kemp, CEO Nino Options. “We found Tbricks an excellent match as it gives our traders the necessary speed, but also provides flexibility and extensibility through its modern architecture and design.”
"As the Amsterdam market is strategically important to us, we are pleased that Nino Options selected Tbricks to support their successful and expanding market making operation” says Rickard Davidsson, MD UK and Benelux, Tbricks.
Tbricks’ market making fuses server-based auto-quoting and auto-hedging, with fully configurable visualization in the front end, enabling clients to make markets with high performance and control.
Tbricks' functional scope includes customizable pricing, volatility management, risk management, team quoting and a whole series of trading features such as hidden quotes (take out machines), peg quotes, multi-level quoting, quote spreading, portfolio graphs, portfolio stress testing and RFQs.
September 3, 2013 Tbricks today announced that Carnegie, leading Nordic independent investment bank, chooses Tbricks to replace its former infrastructure for pricing and market making.
Tbricks provides Carnegie a flexible solution with support for pricing and market making options and ETFs, as well as the capability to execute algorithms, spreading and smart order routing to support its current operations and future growth goals.
“We wanted to invest in a modern and flexible trading system where customization and adaptation to new business were easy to accommodate” says Fredrik Arfelt, Head of Sales Trading Carnegie. “A quick delivery project and access to extended support were also important to us. We found Tbricks to be an excellent match to our requirements.”
“We are happy to support Carnegie in their ambition to operate smarter in today’s competitive trading landscape” says Jonas Hansbo, CEO Tbricks. “With Tbricks’ performance, flexibility and scalability, Carnegie gains an important edge in providing their clients a premier service.”
April 22, 2013 Mandara Capital, a leading hedge fund specialist in crude oil and derivatives, has implemented Tbricks' fully hosted trading service for all their futures trading requirements. Tbricks OnDemand is powered by QuantLINK and QuantFEED from S&P Capital IQ’s Real Time Solutions.
Tbricks out-of-the-box futures trading platform provides superior speed to help improve the quality of Mandara Capital’s execution fills. Mandara Capital will also benefit longer-term, with the ability to develop proprietary strategies in a framework designed to support in-house development.
Jonas Hansbo, CEO of Tbricks, said: “Mandara Capital is the first client to take full advantage of Tbricks OnDemand which we recently launched with S&P Capital IQ. They needed a very fast and flexible trading system, but did not wish to manage a technical infrastructure. Mandara Capital will also be able to execute their plans for in-house trading development using the Tbricks trading app framework.”
Muwaffaq Salti, CEO and Head Trader at Mandara Capital, added: “We set out a rigorous evaluation of trading system vendors, looking for the fastest trading software with the capability of supporting our future plans for in-house trading development. An absolute requirement from our side was a fully hosted solution as we choose to focus on our core business rather than system support and maintenance.”
As part of a faster and more flexible solution, Mandara Capital were also looking to further improve speed-to-market through some critical infrastructure changes. This involved moving the incumbent trading engine from London to a co-location facility for ICE in Chicago, with access to native data & trading. The collaboration sees S&P Capital IQ’s QuantLINK and QuantFEED, leading real-time data & hosting services, provide both hosting and native market access to Tbricks in Chicago. Additionally, the true flexibility of the Tbricks platform and the trading app framework was a major differentiator from other trading solutions. Tbricks have also delivered two smart execution orders, tailored for futures trading.
April 2, 2013 Tbricks is pleased to announce that All Options International, an international market maker providing liquidity to key European financial derivatives markets, has adopted Tbricks’ market making platform for all of its European equity options and stock-index options activities.
All Options has deployed Tbricks’ market making software on servers co-located at major European exchanges, including NYSE Euronext Liffe and NYSE Euronext cash markets, the London Stock Exchange, Swiss Exchange SIX, Bats/Chi-X Europe and Eurex/Xetra.
This successful delivery expands Tbricks’ reach into the broader European marketplace for any type of listed financial products. It follows last year’s completion of Tbricks’ connections within the Nordic markets.
Jonas Hansbo, CEO of Tbricks, said: “This is a landmark transaction for Tbricks. We are proud to have All Options, a major market maker, as a flagship client for our next-generation trading platform. Tbricks’ modular design allows for the deployment of an unlimited number of market adapters, each deployed in its specific co-location center, within a single trading system. The platform is easy to set up and use, and its server-based architecture combines ultra low latency with unprecedented front-end and server configurability. Tbricks provides for fast and complete trading and quoting applications, which are delivered in open-source format for custom modifications.”
Allard Jakobs, CEO of All Options, said: “As a leading market maker in European Small and Midcap equities and index options, we were looking for a system that offered comprehensive user functionality paired with the performance and flexibility we needed to succeed. After a thorough market review, we chose Tbricks due to its readiness to successfully operate in our distributed trading environment.”
Additionally, the true flexibility of the Tbricks platform was a major differentiator from other market solutions. All Options is using Tbricks’ software development toolkit to incorporate its own proprietary volatility and pricing models into the Tbricks platform, allowing it to create a unique capability set.
March 26, 2013 FinTech 50 watchlist, a UK-based guide to game-changing technologies across Europe which are redefining financial services, has listed Tbricks as one of the hottest fintech firms in Europe.‘FinTech’ – financial technology – is a tremendous growth sector in Europe, and it’s not primarily the traditional players who are driving the development.
Entrepreneurs and established companies from different backgrounds are using technology to transform financial services across the board: from consumer finance to payments to whole new verticals such as peer-to-peer lending and crowdfunding.
Jonas Hansbo, CEO and co-founder of Tbricks, says: “I am delighted that Tbricks is listed on the FinTech 50 Watchlist. We founded Tbricks in 2006 with the vision to create a whole new breed of trading system. It was already obvious to us that the financial markets faced massive changes, fueled by innovation and new regulations. Tbricks offers clients radically new ways to automate and adapt their trading to exploit new opportunities in the wake of these changes. Tbricks very core is designed for speed and flexibility, unlike legacy systems.”
The inaugural FinTech 50 watchlist is based on the expertise of the Watchlist Panel, ten industry leaders from across the financial services and technology industry. The panel has selected the top companies that demonstrate the potential to become a game-changer in FinTech or the competitive staying power to continue being one. The list is the first of an annual exercise to track one of the fastest moving sectors in technology.
March 18, 2013 Tbricks, the provider of next generation automated trading systems,announced today Tbricks OnDemand. Tbricks Ondemand allows you to go from concept to launch, with no installation, no overhead and no hardware investments.
Tbricks OnDemand is powered by QuantLINK and QuantFEED from S&P Capital IQ’s Real Time solutions. Tbricks OnDemand is a fully managed trading infrastructure with native connectivity, or DMA and normalised market data through QuantFEED, to major cash and derivatives exchanges, MTFs and brokers. Built with colocation in mind for professional traders and market makers, it is a complete package encompassing network, hardware, market data and order routing. “Offering Tbricks as a managed service enables our clients to focus exclusively on their core business and leaving all matters concerning their technology infrastructure to us” said Jonas Hansbo, CEO, Tbricks. “By using Tbricks as a managed service supplier, our clients benefit from a greatly reduced need for internal technology resources, reduced operational risk and time to market benefits.”
“The inclusion of QuantLINK and QuantFEED into Tbricks will provide its clients with distinguishing competitive advantage in terms of flexibility, low latency and performance” concluded Stephane Leroy, Vice-President, Head of Global Real Time Solutions at S&P Capital IQ. “Tbricks’ decision to employ S&P Capital IQ’s Real Time solutions, once again demonstrates the quality and reliability of our services, as recognized by the market.”
QuantLINK is a trading infrastructure combining QuantHouse proprietary fiber optic network interconnecting the heart of the exchanges with proximity hosting at the source. QuantFEED is the company’s end-to-end ultra low latency normalized market data feed.
Tbricks OnDemand can be used both by firms wishing to outsource their entire Tbricks infrastructure as well as those looking to add new market access to their existing Tbricks deployment. Tbricks OnDemand services are immediately available in Stockholm, London, Frankfurt and Chicago.
January 17, 2013 Tbricks strengthens marketing by recruiting Katarina Klangby, who will be joining the company’s management team as Chief Marketing Officer. Katarina Klangby has 15 years’ experience of establishing marketing programs in the financial technology and professional services industry.
From 1999 - 2008, Katarina worked for SunGard Front Arena, a trading systems vendor, where she held several marketing roles including Product Marketing Manager. She now joins Tbricks after five years with TradeTech Consulting, a consultancy specialized in capital markets, asset management and treasury, where she was Chief Marketing Officer.
“I am excited to join Tbricks, a highly innovative trading systems provider that is now scaling up to meet the strong demand from trading operations in need to adapt to the changing financial markets. I believe that two strong trends are working in Tbricks’ favor: electronic trading is spreading geographically as well as across asset classes, while at the same time banks and trading operations must cut costs. The need to replace costly legacy systems with a modern, fast infrastructure is urgent. I look forward to contributing to Tbricks’ continued success by building brand recognition in the capital markets’ arena, ensuring that Tbricks is the system of choice in this replacement process.” says Katarina Klangby.
“We are delighted to welcome Katarina Klangby to Tbricks” says Jonas Hansbo, CEO. “We now have a solid foundation on which to build our future expansion. Katarina’s comprehensive background in financial technology marketing will be very valuable to us in our current phase of growth. We look forward to working with her going forward.”
November 19, 2012 Eli Lederman, founding chief executive of a pan-European stock market who established innovative new businesses in electronic trading and financial technology, has joined Tbricks board of directors.
Eli Lederman had a 14-year career at Morgan Stanley, half in New York and half in London, where he was a managing director who established innovative new businesses in financial tech- nology related to equity and debt, and in electronic trading of cash and derivatives products.
From 2004 to 2006 Eli served the financial industry as co-chair for FIX Steering Committee for Europe, Middle East and Africa. He left Morgan Stanley in 2007 when he was appointed founding chief executive of Turquoise, the pan-European stock market then owned by nine of the largest investment banks in the world. He guided the company from its infancy to its successful launch and beyond, until the business was sold in 2010. Since then Eli has consulted the industry, been involved in private equity investments and has written two novels, “High Finance” and the soon to be published, “From Pillar to Post.”
Eli Lederman said: “I am delighted to join the Tbricks team at this stage in the development of the company, and to do everything I can to help achieve management’s mission to deliver innovative software for trading. Vibrant financial markets are vital to the economic health of society, and Tbricks products fundamentally improve liquidity that is the lifeblood of capital formation. I look forward to participating as the company builds on its success and to helping the team to realize the full potential of their considerable intellectual resources.
On a personal note, I am thrilled also to work with such a creative group of people in Sweden’s financial technology community, with whom I have been privileged to collaborate so construc- tively for much of my career.”
Jonas Hansbo, CEO of Tbricks, said: “We are delighted to welcome Eli Lederman to the com- pany. The foundations are in place for Tbricks to grow, and Eli’s experience of leading a com- pany through expansion, his commitment to working closely with the management team, and his drive for excellence will be helping us achieve this. We look forward to working with him as a member of our Board.”
September 26, 2012 Today TOM MTF has been added to Tbricks list of certified trading venues. Tbricks is glad to be able to provide its clients with access to TOM MTF from now on. The integration allows clients using Tbricks’ groundbreaking trading system to access TOM MTF, a trading facility for professional market participants working in a highly competitive environment.
TOM MTF offers trading in equity derivatives and in Dutch, Belgian and French shares.
“MiFID promotes cross border competition between exchanges and investment firms, better price discovery and investor protection. We see a large interest from the trading and market making community for TOM MTF, which facilitates trading in both cash equities and derivatives. We are very happy to offer seamless integration with TOM in Tbricks,” said Urs Rutschmann, COO of Tbricks.
“TOM is pleased to have Tbricks as a new independent software vendor (ISV) connecting to TOM MTF. TOM MTF clearly benefits from the access Tbricks’ advanced automated trading solution offers to (potential) TOM MTF members,” said Willem Meijer, CEO of TOM (The Order Machine).
Tbricks’ highly modular design allows for the deployment of an unlimited number of market adapters, each deployed in its specific co-location center, within a single trading system. The platform is easy to set up and use, and its server-based architecture combines ultra low latency with unprecedented front-end and server configurability. Tbricks provides for fast and complete trading and quoting applications, which are delivered in open-source format for custom modifications.
September 24, 2012 Tbricks announces today that Tbricks can now provide its clients with full access to Nordea FX. The integration allows clients using Tbricks’ groundbreaking trading system to access FX markets through Nordea FX high-speed infrastructure.
The combined Tbricks/Nordea FX solution is targeting banks, trading firms and hedge funds that require high-performance access to electronic FX markets.
“The addition of this new connection makes Tbricks the one-stop-shop for traders seeking access to the full range of trading venues across all listed securities and who require manual or automated hedging of their FX exposure,” said Urs Rutschmann, COO of Tbricks.
“The FX integration with Tbricks is just one natural step in the expansion of our FX offering to meet the requirements of the most demanding customers for integrated multi-asset class trad- ing solutions in a highly competitive market. It will allow customers to fully automate the hedg- ing process of FX exposure deriving from their trading of various asset classes” adds Kenneth Steengaard, Head of FX, MM & Commodities Trading at Nordea Markets.
Tbricks’ highly modular design allows for the deployment of an unlimited number of market access adapters within a single trading system. Tbricks is the next-generation trading platform, built for automated and computer-assisted manual trading in a multi-listed and multi-asset market environment. It combines ease of use with extreme performance to empower the pro- fessional user. Increased control and productivity tools help capitalize on new business oppor- tunities.
The platform is easy to setup and use, and its server-based architecture combines the lowest latency possible with unprecedented front-end and server configurability. Tbricks allows for unparalleled customizability as trading and quoting strategies are delivered as out-of-the-box plug-ins and in open source format.
October 3, 2011 New coverage offers traders total trading solution for Nordic listed markets. Tbricks, the provider of innovative, high-performance trading systems, has rounded out its coverage of the Nordic markets through the addition of auto-quoting and full scope market making functionality covering all of the region’s listed options and warrants markets.
Effective immediately, Tbricks clients will gain access to any of the region’s markets including the newly added Swedish, Danish and Finnish NASDAQ OMX listed options markets, the Norwegian options market and the Nordic Growth Market.
The new capabilities complete full markets access for Nordic traders, complementing Tbricks’ existing connections to the relevant NASDAQ OMX equities exchanges, the Oslo equities exchange, as well as the Burgundy, Bats Europe and Chi-X Europe markets.
“The addition of this important new coverage makes Tbricks the one-stop-shop for traders at banks, trading firms, hedge funds, brokers and other financial institutions seeking access to the full range of Nordic trading venues across all listed securities,” said Jonas Hansbo, CEO of Tbricks.
“The Tbricks platform offers now complete auto-quoting functions for all Nordic markets, making it the obvious choice for market makers who depend on fast, reliable and nimble access to those markets out of the box.”
The new connections complete Tbricks’ coverage of the Nordic markets and sets the stage for future expansion into new geographies and asset classes. “We see our Nordic total trading solution as a blueprint for Tbricks’ approach to markets globally,” said Urs Rutschmann, COO of Tbricks. “We will continue to add market access as clients demand it, all with Tbricks’ un- paralleled speed and richness of functionality.”
Tbricks’ highly modular design allows for the deployment of an unlimited number of interfaces within a single trading system. Tbricks is the next-generation trading platform, built for automated and computer-assisted manual trading in a multi listed market environment. It combines ease of use with extreme performance to empower the professional user. Increased control and productivity tools help capitalize on new business opportunities.
The platform is easy to use, and its server-based architecture combines the lowest latency possible with unprecedented front-end and server configurability. Tbricks allows for unparal- leled customizability as trading and quoting strategies are delivered as out-of-the-box plug-ins and in open source format.
April 11, 2011 Tbricks and Lime Brokerage, a high-volume agency broker and leading provider of high-throughput, low-latency technology to the professional trading community, have completed the successful integration of their data and trading interfaces.
The first common customers are already live with the combined solution, which offers low-latency access to U.S. markets through Lime and European access through Tbricks’ existing high-speed network.
The strategic integration allows clients using Tbricks’ groundbreaking trading systems to access U.S. equities and futures markets through Lime Brokerage’s ultra high-speed infrastructure. Tbricks expects to extend similar capabilities for trading in US options through Lime Brokerage in the near future. Clients will also have access to Lime’s low-latency CitriusTM market data for U.S. markets directly through Tbricks’ systems.
Clients also benefit from Lime’s award winning, ‘single-digit microsecond’ pre-trade risk controls, already fully compliant with SEC Rule 15c3-5 banning “unfiltered” access for all U.S. order flow and scheduled to go into effect in July 2011.
The combined Tbricks/Lime Brokerage solution will be targeted at high frequency trading firms, hedge funds, broker/dealers and other trading firms globally that require high-performance access to US markets.
“This is an important step for Tbricks and its clients,” said Urs Rutschmann, COO of Tbricks. “Our partnership with Lime Brokerage gives our customers the same high-speed access to US markets as they currently enjoy in Europe, all through the same Tbricks platform.”
Tbricks’ highly modular design allows for the deployment of an unlimited number of interfaces. This means that all market interfaces used by Tbricks clients will have access to Lime Brokerage’s low-latency infrastructure. This capability will be of particular benefit to Tbricks’ auto- mated trading clients, who seek the most seamless and fastest access possible to a wide vari- ety of markets.
“At Lime, we are excited about this important initiative, as we consider Tbricks to be the next- generation solution for high-performance trading,” said John Jacobs, COO at Lime Brokerage.
Unlike legacy platforms that have evolved from manual trading systems, Tbricks is the next- generation trading platform, built exclusively for automated and computer-assisted trading. It combines ease of use with extreme performance to empower the professional user. Increased control and productivity tools help capitalize on new business opportunities.
The Tbricks trading system is designed for automated and computer-assisted manual trading. The platform is easy to use, and its fully server based cluster architecture combines the lowest latency possible with unprecedented front-end and server configurability. Modules can easily be built within the application with prepackaged functionality.
March 29, 2011 Tbricks, today announces that it has officially launched Tbricks ETF Trading to facilitate trading, pricing, market-making, basket hedging and currency hedging in exchange traded funds (ETFs).
Designed specifically to meet the needs of ETF market-makers and ETF traders requiring automated hedging, Tbricks ETF Trading takes advantage of Tbricks’ fully server-based cluster architecture, which combines the lowest latency possible with unprecedented front-end and server configurability.
“Institutions are increasingly looking for new opportunities for trading gains,” said Jonas Hansbo, CEO of Tbricks. “The European ETF sector has been particularly compelling for US-based clients, who are coming to Europe to repeat their successes in a different geographical region. Many of them are already taking advantage of our technology, performance and scale- ability to generate more trading revenues.”
Tbricks is well placed to help these firms, said Hansbo. “Not only does the Tbricks platform offer them the ideal environment for running their trading strategies,” he said, “but we can also make introductions to our partners and contacts in order to reduce time-to-market and total cost ownership.”
Tbricks focuses on the needs of proprietary traders who require the most advanced trading system for executing automated trading strategies. Tbricks offers access to key European and US markets, where appropriate forging relationships with local access providers that allow its clients to leverage its fast and modern trading system architecture for their proprietary trading strategies.
The new Tbricks ETF Trading modules offer key capabilities that satisfy all ETF market participants.
For Market Makers
Tbricks ETF Trading supports advanced quoting logic with automatic hedging of the underlying basket or future, advanced portfolio management for basket residuals and automated basket management. It makes complex trading easy, transparent and efficient, and allows market- makers to use their own trading logic.
Tbricks ETF Trading’s ultra-fast trading and hedging, with strategies written in C++, has been built for multiple co-location using native exchange connectivity. Its low-latency approach minimises missed hedging opportunities.
Tbricks ETF Trading supports delta hedging on portfolios, and offers flexible hedging of baskets and futures. Its approach ensures easy tracking of non-filled hedges and supports manual intervention where required.
March 7, 2011 Finland’s Evli Bank deploys Tbricks’ next-generation trading technology for core electronic trading platform. Strategic contract underscores Tbricks’ leading position in Nordic high-performance trading infrastructure.
Evli has adopted Tbricks’s next-generation technology solution as its strategic architecture for trading in listed securities, cash and derivatives markets, replacing its long-time legacy supplier.“This strategic win establishes Tbricks as the leading supplier of high-performance trading technology for the fast-growing Nordic markets,” said Tbricks CEO Jonas Hansbo. “Evli’s decision to reject legacy platforms in favor of Tbricks’ next-generation system serves to underscore Tbricks’ growing presence in the Nordics as the region undergoes a major shift toward automated electronic trading.”
Evli is a major participant in Nordic equities, derivatives and OTC markets. The firm, based in Helsinki, will use Tbricks for all of its trading and market-making activities. Tbricks will provide Evli with both direct (native) exchange connectivity and connections via third-party execution platforms, giving the investment bank a single, standard interface for all of its market connections. In addition, Evli will make use of Tbricks’ new risk management module, which aggregates key values, such as option sensitivities, offering users a comprehensive view of market exposures.
Panu Jousimies, Head of Capital markets, Finland, at Evli, said the decision to implement the Tbricks solution followed an exhaustive evaluation of trading systems available in the marketplace. “Tbricks presented us with the latest in trading technology, with the best performance and flexibility of any commercial offering,” he said.
Using Tbricks, Evli traders are now able to choose from a library of trading applications and models to suit their needs. The Tbricks framework also gives them the freedom to build own strategies, all using the same Tbricks platform.
These capabilities, the high level of service offered by the Tbricks team, and the lower total cost of ownership of the Tbricks solution compared with legacy platforms, cemented Evli’s choice, said Jousimies. Evli is the latest respected institution to join the rapidly growing community of Tbricks clients in the Nordics. Tbricks is adding more clients than any other trading technology provider and has established itself as the market leader for high-performance trading solutions in the region. Tbricks’ superior performance in today’s fast markets, paired with unmatched flexibility, scalability and service, make Tbricks the compelling provider of trading technologies for the Nordic markets.
February 21, 2011 Tbricks announces that one of the top US investment banks went live using Tbricks system and QuantFEED, the QuantHouse ultra low latency market data solution in a fully hosted set-up allowing the client to go live in less than 6 weeks.
Tbricks offers groundbreaking technology to satisfy ambitious proprietary trading professionals. Tbricks provides unprecedented scalability and unmatched performance, and has been designed for strategy based trading as well as computer aided manual trading.
QuantHouse is a provider of end-to-end advanced trading solutions including low latency market data technologies, an alpha generation development framework and infrastructure trading services for systematic trading forms who want to take the lead.“Clients are looking towards using leading edge technologies with a very aggressive go-live objective," said Urs Rutschmann, COO of Tbricks. "Combined with QuantFEED low latency market data solutions, Tbricks systems allow for the rapid deployment of an unlimited number of simple or complex trading strategies while maintaining extreme performance.”
"We are delighted to welcome Tbricks as a partner in our business eco-system. Innovative next generation trad- ing solutions are coming from leading firms such as QuantHouse and Tbricks who are raising the benchmark." concluded Stephane Leroy, global Head of Sales & Marketing at QuantHouse. Tbricks offers comprehensive coverage of key European and US markets, allowing its clients to leverage its fast and modern trading system architecture for their proprietary trading strategies.
June 4, 2010 Tbricks offers groundbreaking technology to satisfy ambitious proprietary trading professionals. Tbricks provides unprecedented scalability and unmatched performance, and has been designed for strategy based trading as well as computer aided manual trading.
Joshua Hodge joins Tbricks from Point Carbon (now part of Thomson Reuters) where as the firm’s first employee in North America, he was instrumental in building the company’s market-leading trading analytics business in the United States and Canada. Prior to Point Carbon, Joshua led Actant’s North American business where he oversaw the development of the firm’s US client base from first customer through to market leadership within the North American equity-options market making technology space.
“We are pleased to announce that Joshua Hodge has joined Tbricks as a Managing Director, based in our New York office,” said Urs Rutschmann, COO of Tbricks. “Joshua has an extraordinary track record of providing clients with innovative, cutting edge trading solutions and a thorough understanding of the high frequency low latency trading environment.”
Effective immediately, Tbricks’ New York office will focus on the specific needs of North American-based trading firms, proprietary trading desks and hedge funds. Jonas Hansbo, CEO of Tbricks, says: “We are very excited to be expanding our presence in North America. We are encouraged by the early demand for our products in the United States and our New York office will enable us to better serve this demand whilst making our technology more accessible to high frequency traders throughout North America.”
Tbricks offers comprehensive coverage of key European and North American markets, allowing its clients to leverage its fast and modern trading system architecture for their proprietary trading strategies.
May 10, 2010 Tbricks, the provider of innovative high-performance trading systems, announced today that it has integrated the Presto FIX/FAST engine from Pantor Engineering, a specialist provider of high-performance trading solutions.
Tbricks offers groundbreaking technology to satisfy ambitious proprietary trading professionals. Tbricks provides unprecedented scalability and unmatched performance, and is designed for strategy based trading as well as computer-aided manual trading.
Tbricks’ customers will now be able to benefit from Tbricks’ supercharged FIX and FAST connectivity ensuring extreme speed to trading venues supporting these standards, such as the CME and Eurex’ FAST based Enhanced Broadcast Solution.“We are impressed with the quality and performance of Presto, it gives us a state-of-the-art foundation for our FAST solutions,” said Joakim Johansson, CTO of Tbricks. “Pantor truly has an unparalleled in-depth understanding of the FAST technology.”
Jonas Hansbo, CEO of Tbricks, comments: “We have seen an indisputable trend among exchanges and other trading venues to adopt the FIX standard. Current examples in Europe are NYSE Euronext’s Universal Trading Platform as well as Chi-X and BATS Europe. We believe the adoption of the FAST standard for market data distribution will be the next logical step in this development. As inventors of the FAST protocol, Pantor represents a perfect partner for Tbricks. Speed is a critical factor for many trading strategies. By having integrated Pantor’s engine into Tbricks we are able to deliver supreme performance and thereby competitive advantage to our customers.”"We are delighted that Tbricks has opted for Presto to complement its innovative offering" says Rolf Andersson, CEO of Pantor Engineering.
Tbricks offers comprehensive coverage of key European and US markets, allowing its clients to leverage its fast and modern trading system architecture for their proprietary trading strategies.
April 30, 2010 The provider of innovative high-performance trading systems, Tbricks, has opened an office in London. The move will allow Tbricks to expand its market-leading trading solutions into the key London marketplace.
Tbricks offers groundbreaking technology to satisfy ambitious proprietary trading professionals. Tbricks provides unprecedented scalability and unmatched performance, and has been designed for strategy based trading as well as computer aided manual trading.
“We are pleased to announce that Darran Hodder has joined Tbricks as Sales Director, based in our new London office,” said Urs Rutschmann, COO of Tbricks. “Darran has an in depth understanding of the high frequency low latency trading environment.” Effective immediately, Tbricks’ new London office will focus on the specific needs of London based trading firms, proprietary trading desks at banks and hedge funds.
Jonas Hansbo, CEO of Tbricks, says: “It is very natural for us to open up a London office to better serve our customers. The demand for our products is strong and we are planning to open additional regional offices soon.” Tbricks offers comprehensive coverage of key European and US markets, allowing its clients to leverage its fast and modern trading system architecture for their proprietary trading strategies.
November 19, 2009 The Tbricks trading system offers groundbreaking technology to satisfy the most ambitious proprietary trading professionals. Tbricks provides an open trading strategy development framework as well as prepackaged trading strategies such as Spread Trading and Basket Trading.
Urs Rutschmann, COO of Tbricks, comments: “Tbricks beats any other system in terms of speed, scalability and customizability. Tbricks has been designed for multi-location deployment. We are pleased that our clients can now natively connect to ICE Futures Europe and U.S.”
Jonas Hansbo, CEO of Tbricks, says: “For the connection to ICE Futures Europe and U.S. we decided to support ICE's new multicast price feed. It expands full implied pricing capability much further out the curve and provides a number of benefits to traders such as lower latency and more trading opportunities. It is our principle to always offer blazing fast connectivity to trading venues.”
September 3, 2009 Tbricks connects today to NYSE Euronext, where Tbricks trading system wil be able to offer groundbreaking technology to the most ambitious proprietary trading professionals. Urs Rutschmann, COO of Tbricks, comments: “Tbricks beats any other system in terms of speed, scalability and customizability.
Tbricks has been designed for multi location and data- center deployment. We are pleased that our clients can now natively connect to NYSE Euronext’s European Cash Markets.”
Jonas Hansbo, CEO of Tbricks, says: “The connection to Euronext’s Universal Trading Platform is an important step for Tbricks. It offers our clients the lowest possible latency for the execution of their trading strategies. It is our principle to always offer blazing fast connectivity to trading venues.”
June 29, 2009 Tbricks has today connected to XETRA, a worldwide electronic securities trading system with the objective to increase market efficiency, Urs Rutschmann, COO of Tbricks, comments: “Tbricks beats any other system in terms of speed, scalability and customizability.
Tbricks has been designed for multi location and datacenter deployment. We are pleased that our clients can now natively connect to Xetra.”
“With the newly introduced high-speed interfaces (Enhanced Broadcast Solution and Enhanced Transaction Solution), we will enable our members to tap into new performance dimensions,” said Jens Hachmeister, Director, Head of Xetra Operations/Infrastructure Development at Deutsche Boerse AG. “Participants will considerably benefit from our technological expertise and the existing superior infrastructure for low latency trading.”
Jonas Hansbo, CEO of Tbricks, says: “The connection to Xetra’s new interface is an important step for Tbricks. It offers our clients the lowest possible latency for the execution of their trading strategies. It is our principle to always offer blazing fast connectivity to trading venues.”
May 8, 2009 Tbricks focuses on the specific needs of proprietary trading firms, trading desks at banks and high-tech hedge funds. They can now trade on Burgundy using Tbricks’ low latency connection. Jonas Hansbo, CEO of Tbricks, says: “We see a large market interest in Burgundy.
Many pro- prietary traders, who depend on low latency performance, will connect to Burgundy from the start. That's why we've ensured that our clients can run the strategy trading engines of Tbricks Genesis reliably against the Burgundy market on day one.”
Urs Rutschmann, COO of Tbricks, adds: “Tbricks leads the way with unmatched speed, scalabil- ity and customizability. Our aim is to offer comprehensive access to all Nordic trading venues, with far better performance and lower costs than legacy trading systems.” “We are pleased to see Tbricks’ advanced automated trading solution being added to our list of certified vendors. Low-latency trading is one of the fastest growing areas in the industry as firms are looking at different ways to exploit trading in a post-MIFID fragmented landscape”, comments Olof Neiglick, CEO of Burgundy.
Tbricks’ premiere product—the Tbricks Genesis automated trading system—was launched in 2008 and is in use in several leading trading rooms. Tbricks connects to multiple exchanges, MTF’s, Forex trading places and prime brokers.
March 16, 2009 The Tbricks solution is targeting automated strategy trading at proprietary trading firms, proprietary trading at banks and hedge funds. Tbricks connects now to the fastest interfaces of Eurex, the Enhanced Transaction and Broadcast Solution.
Jonas Hansbo, CEO of Tbricks, says: “This new connection to Eurex is an important milestone for Tbricks. It offers our clients the lowest possible latency for the execution of their trading strategies. It is part of our strategy to always offer the fastest possible path of integration when connecting to trading venues. ”
Urs Rutschmann, COO of Tbricks, comments: “Tbricks is now leading the way in terms of speed, scalability and strategy trading functionality. Tbricks offers unmatched flexibility for multi site deployment, such as co-location and proximity hosting. We are pleased that our clients can now connect to Eurex, the leading derivates market place, directly.”
November 10, 2008 London based venture capital firm, DN Capital together with private investors have invested in Tbricks, automated trading software company and Orc Software spin out. Tbricks’ next generation Genesis platform automates trading for proprietary trading firms, allowing hundreds of thousands of trades to be performed with sub-millisecond latency to ensure traders can react almost instantly to market conditions.
DN Capital’s investment and expertise will help facilitate Tbricks expansion into European and US markets during this critical time in trading.
Sweden based Tbricks’ ultra high performance Genesis is the fastest trading platform on the market regardless of whether it performing a single strategy or thousands simultaneously. As such, Tbricks Genesis automated trading platform is aligned to the shift within proprietary trading firms from terminal based to strategic, profit maximising trading.
Urs Rutschmann, COO of Tbricks comments: “The mantra that successful trading teams create profit-making strategies is even more applicable during these volatile times. Trading is an arena where speed and scalability really matter, and Genesis is developed to truly deliver on both of these fronts.” Rutschmann continues, “Tbricks Genesis combines the flexibility and privacy of a proprietary firm’s in-house system with the robustness and lower cost of a standard application. This is particularly valuable when the financial services industry is under pressure to increase productivity and lower costs.“
Jonas Hansbo, CEO of Tbricks adds: “Current trading systems cannot cope with the volume and speed required for modern trading. Built without legacy constraints, Tbricks’ Genesis sets a new benchmark for trading systems in terms of scalability, performance, flexibility and user friendliness”. Spun out from financial software giant Orc Software, Tbricks’ founding team brings over 60 years of trading software development to the company.
Nenad Marovac, Managing Partner of DN Capital concludes: “As the inventors of much of Orc’s intellectual property within trading systems, the founders of Tbricks are building on a world class track record. With the world’s fastest and most robust algorithmic trading platform, Tbricks undoubtedly plays a critical role in this fast growing and incredibly exciting market. Early take up from blue chip customers is already proving that Genesis delivers what Tbricks promises.” Tbricks joins DN Capital’s portfolio of high growth digital and software companies including, Datanomic, Endeca and Shazam.
October 10, 2008 The Tbricks solution has been devised for automated proprietary trading and targets proprietary trading firms, proprietary trading desks at banks and high-frequency trading hedge funds. They can now leverage Tbricks’ direct connectivity to ensure minimal latency to the BATS Europe marketplace.
Jonas Hansbo, CEO of Tbricks, says: “We are very happy to report that we are already certified for this new exciting market place and are looking forward to the go-live of BATS Europe on October 31st. This is yet another step in making the European markets for execution services even more competitive. We at Tbricks are convinced that our clients will find great value in directly accessing a new liquidity pool based on a proven and blistering fast trading platform.” “We are pleased that Tbricks is committed to working with us to bring users to the highly efficient, low latency BATS system,” said Mark Hemsley, chief executive of BATS’ European Markets division. “As we’ve done in the US, our goal in Europe is to Make Markets Better with a trading platform where all market participants are welcome and can successfully employ their trading strategies. We believe agreements such as this one are a significant step in the right direction.”
Tbricks launched its premiere product - the Tbricks Genesis automated trading system — earlier this year. Tbricks is initially focusing its activities on financial institutions engaging in proprietary trading.
August 20, 2008 Tbricks, has added Chi-X Europe to its list of certified trading venues and can now leverage Tbricks connectivity to ensure minimal latency to the Chi-X Europe trading venue. Jonas Hansbo, CEO of Tbricks, says: “We see a huge market interest in Chi-X Europe, particularly from the growing number of proprietary traders who depend on the lowest latency performance.
That's why we've ensured that our customers can connect to Chi-X Europe and provide integration to the Tbricks Genesis strategy engines with a latency of less than a millisecond.”
“Through our streamlined business model, institutional investors are able to trade a wide range of European equities and achieve low-cost, high-speed trade execution, as well as potential price improvement. We are pleased to provide access to our market through Tbricks’ advanced automated trading solution, and welcome Tbricks to our growing list of certified vendors.” comments Hirander Misra, chief operating officer, Chi-X Europe.
Tbricks launched its premiere product – the Tbricks Genesis automated trading system – earlier this year. Tbricks is initially focusing its activities on financial institutions engaging in proprietary trading.
June 23, 2008 Tbricks has integrated Neonet’s suite of trading algorithms, offering users advanced execution capabilities. The Tbricks solution has been devised for automated proprietary trading and targets trading users at investment banks, prop trading firms and high-tech hedge funds.
This means that users can seamlessly use Neonet's trading algorithms out-of-the-box as an integrated part of the Tbricks Genesis system.
Jonas Hansbo, CEO of Tbricks, says: “We are seeing disruptive changes in the financial markets with a plethora of new cost-efficient trading venues like Chi-X and Turquoise in Europe. We believe Neonet is very well positioned in this new scenario given its strong direct market access coverage as well as its commitment to standards. We also believe that Neonet is at the technological forefront with its early support for FIX as well as new emerging standards like FIXatdl. All in all, this makes Neonet a perfect fit and an ideal partner for Tbricks.”
Neonet’s algorithms are developed entirely in-house by Neonet to fully leverage its low latency market access. Where previously these algorithms could only be accessed via Neonet’s own trading platform, they are now accessible directly by the Tbricks systems. “Making our trading algorithms available via Tbricks is in line with our strong commitment to provide our clients with leading trading capabilities. We see a strong interest in using our advanced functionality as the trading pattern and landscape is changing rapidly,” comments Simon Nathanson, CEO of Neonet. Tbricks launched its premiere product – the Tbricks Genesis automated trading system – earlier this year. Tbricks is initially focusing its activities on financial institutions engaging in proprietary trading.
June 8, 2008 Urs Rutschmann has today been appointed as the new COO of Tbricks. Mr. Rutschmann will be responsible for all operational aspects of Tbricks, including strategy, sales, marketing and client services.
Mr. Rutschmann brings 20 years experience of building businesses in the financial technology sector. He joins from actant, a leading provider of automated quote management solutions, where he spent the past five years as CEO. Prior to Actant, Mr. Rutschmann was head of European Sales and Marketing at SunGard Front Arena in Stockholm and COO at SunGard Business Integration. "Urs´ long experience and exceptional track-record in the trading technology industry made him the ideal choice for Tbricks,” said Jonas Hansbo, CEO of Tbricks. “His industry and business development expertise will be a strong contributor to achieving our ambitious plans.”
"Tbricks offers everything I was looking for,” said Mr. Rutschmann. “It has been founded by a team of world class trading systems specialists with a proven track record. The Tbricks Genesis system is a spearhead product with a modern design that meets the challenges of today's trading environment. I look forward to helping the company to realize its full potential.”
Tbricks launched its premiere product – the Tbricks Genesis automated trading system – earlier this year. Tbricks will initially focus its activities on financial institutions engaging in proprietary trading.
February 15, 2007 Tocarema opens a development office in Russia. Tocarema, a company committed to delivering advanced technology for automated trading, has opened a development office in St. Petersburg, Russia. The office is expected to be fully operational in Q1 2007.
The St.Petersburg office will be headed by Mr.Aleksey Dukhnyakov who has extensive management and software industry experience. Mr. Dukhnyakov previously held the position as Head of Development of Orc Software and worked within the compiler team while at Sun Microsystems. Most recently he was running a consultancy firm focusing on financial technology. Mr. Dukhnyakov holds a Masters of Science in Mathematics from the University of St. Petersburg.
“For the development office in St. Petersburg we have managed to recruit a world-class development team consisting of highly educated and experienced people specialized on financial markets.This both fuels our ambitions and increases our capacity, we now have all we need to create a revolutionary product and to go live with it during this year.“ said Jonas Hansbo, CEO of Tocarema.
November 3, 2006 Tocarema, a company comitted to delivering advanced technology for automated trading, is pleased to announce that it has commenced operations as of November 1st. Tocarema will create totally new opportunites for participants in the financial markets to automate and innovate trading strategies while remaining fully in control.
The company recognizes the need to provide customers with a competitive edge by delivering extreme performance with sub-millisecond latency and massive throughput.
“Financial markets are developing at a breathtaking speed and the demand for more sophisticated tools is ever increasing, automated trading being at the cutting edge. The algorithmic trading technology being developed by the Tocarema team has the potential of becoming the benchmark by which other systems are measured. The demand from sophisticated participants, such as investment banks and hedge funds, for this kind of system is high and I predict it will grow very rapidly from here.” said Ulf Wissén, Founding Partner of ICE wsb AB.
“Sometimes one has to take a leap in the dark to advance new technology; to think differently and start from scratch. The old trading technology is in a cul-de-sac, cursed by the tyranny of the installed base. I am investing in Tocarema because I am confident that its founders will deliver exciting solutions for traders, who understand and believe in the future of automated trading.” said Nils Nilsson, who previously co-founded Orc Software.
“I look forward to working very closely together with the most sophisticated participants of the financial markets, in advancing the state-of-the-art of automated trading technology.” said Jonas Hansbo, Founding Partner and CEO of Tocarema.