“Combining LimeTrader’s powerful analytics platform with Selerity’s low-latency event data stream will give investors an edge in the market," said Ryan Terpstra, Founder and CEO, Selerity
New York, NY (PRWEB) April 16, 2012
Selerity, a provider of real-time event data solutions for the financial services industry, today announced that it has partnered with Lime Brokerage, a Wedbush Company and preeminent provider of ultra low-latency trading technologies, to provide integrated event-driven data into LimeTrader, a high performance multi-asset class trading engine, designed for efficient implementation, testing, and deployment of algorithmic trading strategies. Through a direct feed into LimeTrader, clients will have access to Selerity’s full suite of low-latency event data, including company earnings, macroeconomics, and energy data.
As news and event-based trading continues to grow in importance, the Selerity and Lime partnership provides sophisticated trading firms with a way to incorporate low-latency, market-moving event data into their high-frequency trading strategies, along with a back-testing platform, as well as connectivity to major liquidity venues through a single API. Clients will now have the ability to incorporate Selerity’s event data into their algorithms on the LimeTrader complex event processing (CEP) engine and execute them via Lime Brokerage’s fully integrated front-to-back solution.
LimeTrader’s cross-platform feed handler for Selerity's data reduces the development and integration work necessary to blend a news feed with market data and order entry API, facilitating seamless transition between back-testing a news-driven strategy and trading it live. LimeTrader users can easily simulate news trades, matching up news events to liquidity visible in their market data feeds at the time the news arrives, before they risk trading with a production account.
“Providing Selerity’s event data through LimeTrader will enable a larger universe of firms to leverage news-based strategies in their trading algorithms,” said Joe Signorelli, Managing Director, Strategy Development Division at Lime Brokerage. “Our clients can now benefit from a growing trend of incorporating unstructured content like news as another signal in their automated trading strategies.”
“Partnering with a CEP engine and electronic broker will provide our clients with a truly end-to-end solution for event-based algorithmic trading,” said Ryan Terpstra, founder and CEO of Selerity. “Combining LimeTrader’s powerful analytics platform with Selerity’s low-latency event data stream will give investors an edge in the market. The partnership enables traders and developers to now more efficiently test their algorithms, accelerate the timeframe for back-testing and go to market faster with new strategies.”
Register to listen to a joint Selerity and Lime Brokerage Webinar titled, “Build & Implement Event-Based Trading Strategies Using Selerity Event Data and LimeTrader,” scheduled for Wednesday, May 2, 2012, at 11am EDT.
Notes to Editors
Selerity is a real-time financial information and media company that focuses on capturing and delivering breaking events using innovative technology. Using proprietary real-time search and in-house capital market experts, Selerity monitors authoritative, primary sources for events that impact the financial markets such as corporate earnings, economic reports, energy statistics, and credit rating changes. Selerity's information products deliver clients both machine-readable event data and actionable news in real-time. Customers use Selerity's platform to make accelerated decisions by incorporating event data and news into their investment strategies. http://www.seleritycorp.com
ABOUT LIME BROKERAGE
Providing customers with performance-engineered trading solutions that deliver speed, scale and reliability is the hallmark of Lime Brokerage. Lime integrates world-class advanced execution technology with clearing and reporting services, and 15c3-5 compliant risk controls for seamless support of the most complex, automated and high-volume electronic trading strategies. Our technology and trading platform allows our customers to access an independent, agency-only system to trade quickly, reliably and anonymously on multiple exchanges, ECNs and trading venues. Clients include professional traders, hedge funds, asset managers and broker-dealers. (http://www.limebrokerage.com)