Chicago, IL (PRWEB) April 24, 2009
AlgoTrade, LLC, a Chicago-based boutique consulting firm, has opened its doors for business in order to offer electronic trading software solutions to the financial community.
The newly-formed firm is headed by practiced derivatives industry professional Gene Koziarz, and futures industry veteran Mike Persico. According to Persico, "The trading industry is evolving. We are in an exciting period, where technological innovation is creating greater access to the capital markets, and this is driving customer demand for more flexible, stable and cost-effective trading solutions. It was out of this industry demand that AlgoTrade was born."
AlgoTrade specializes in the design, development and implementation of custom algorithmic trading solutions. Consolidating these solutions with market data integration, exchange connectivity, complex event processing and advanced API functionality, customers get a complete trading solution that meets their specific needs. AlgoTrade's inaugural website is now live and interested parties can read more about the company, whose philosophy revolves around the concept of no task being too large or complex for an intelligent, skillful and diligent approach to solve.
More than 80% of the CME's total contract volume is traded electronically, and equity and index option volume on the CBOE and the competing exchanges is expanding exponentially year over year. "Computer processing power, storage and network capacity have all grown in line with Moore's Law and this creates an increasing demand for greater functionality in trading software. Algorithmic trading, as a buzz word, represents not only the use of computerized models and formulas to automate strategies and order execution, but also a shift in the way traders look at the markets," says Gene Koziarz.
Koziarz brings over 12 years of derivatives trading and technology experience to AlgoTrade. He began his career on the trading floor as a distinguished Member and Market Maker of the Chicago Board Options Exchange. As the floor environment evolved, he successfully expanded his trading on the CBOE Hybrid electronic system.
After leaving the floor, Koziarz was an Account Manager at Real Time Systems (RTS), specializing in all asset classes of electronic option market making and risk management. Koziarz then furthered his trading software experience as the Option Product Manager at Logical Information Machines (LIM), where he was in charge of the creation and life cycle of the Option Tester, an option strategy back-testing, risk management, and education tool for the energy and financial industries.
AlgoTrade provides custom, multi-asset class algorithmic packages that can seamlessly combine low latency pre-trade analytics, intelligent execution, robust order and risk management, intuitive user interfaces and resilient API connectivity. AlgoTrade helps solve the evolving trading technology challenges of today's FCMs, exchanges, brokers, hedge funds & proprietary trading firms.
Additional information can be found at http://www.algotrade.net
For more information contact:
Eva Knapp, Marketing Coordinator
(312) 540 - 9594 ext 103
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