AlgoTrade Launches Inaugural Product Suite, AlgoCore; Named Connected Partner of Trading Technologies

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Advanced system reduces strategy development time from creation to production while offering ultimate flexibility in terms of trader graphical interfaces.

AlgoTrade, LLC, a Chicago-based software development firm, has created a hybrid order execution application for the trading world: The AlgoCore Platform.

Michael Persico, founder of AlgoTrade, commented: "In essence, this system is an extensible framework that can fit seamlessly into a myriad of environments, in an incredibly short amount of time. Our mandate was to shrink the time-to-market cycle of automated strategy implementation."

The AlgoCore Platform allows companies to create, test and go live with any possible trading algorithm in a matter of weeks, rather the previous standard of many months. This is made possible by the fusion of custom application development and a robust architecture designed to handle complex mathematical and order requests with ease. Specifically, every AlgoCore license comes with a fixed-fee; strategy-based consulting quote that implements a trading firm's business logic and as added bonus, marries a custom graphical user interface (GUI) to each respective strategy.

"What we've found is that people want customization in terms of their GUIs; each trader and each strategy necessitates an independent interface. This flexibility sets AlgoCore apart, along with ability to encompass the full universe of algorithmic automation and do so across all brokers and FCMs," states Gene Koziarz, Managing Director of AlgoTrade.

AlgoTrade's first product launched under the platform is tCore, an application written to Trading Technologies International, Inc.'s (TT) X_TRADER® API (XTAPI). The tCore solution runs in tandem with TT's X_TRADER, auto-executing a user's algorithms with the orders, fills and profit & loss all being readily visible in the popular MD Trader® interface.

Traders can manually trade with the automated tCore strategy, comprising a grey box solution, or let it run unattended in a pure black box scenario. In both instances, the lowest latency execution is achieved by going through the native TT XTAPI high-speed exchange gateways. Firms can also utilize AlgoTrade's Pro-Host tCore solution to achieve the utmost performance in fill times.

The tCore product has passed the conformance tests required and AlgoTrade was recently named a TT Connected Partner. The TT Connected Partner Program meets the demands of today's trading industry by offering a broad display of contemporary, seamlessly integrated trading solutions through enduring relationships.

"We are pleased to recognize AlgoTrade and its tCore product as a TT Connected Partner. Our Partner Program has grown tremendously in recent years with firms like AlgoTrade that extend the functionality of our X_TRADER® platform," said Dan Mourning, Director, Partner Program of Trading Technologies.

Additional information can be found at

About AlgoTrade:
AlgoTrade's mission is to help solve the evolving trading technology challenges of today's FCMs, exchanges, brokers, hedge funds & proprietary trading firms. To achieve this goal, AlgoTrade designs and builds powerful, multi-asset class algorithmic applications, both as custom development projects and as incredibly relevant trading tools and products. The service and product divisions exist in harmony, with each discipline providing inspiration and innovation unto the other.

About Trading Technologies
Trading Technologies ( develops high-performance trading software for derivatives professionals, including the world's premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER® software and related services provide direct access to dozens of the major international derivatives exchanges. TTNETâ„¢, TT's fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo. Headquartered in Chicago with 11 offices globally, TT has received "best in class" awards from numerous independent third parties including FOW, Buy-Side Technology, The Technical Analyst and Chicago magazines as well as the Illinois Information Technology Association (ITA).

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Christina Sinopoli

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