Email Contact Phone Company Visit Website

New York Head Office

989 Sixth Ave 19th Floor
New York




Vivek Sud
[email protected]
Back to all Tethys Technology, Inc. announcements

Tethys Technology Announces New Unique Foreign Exchange Trading Capabilities

Tethys Technology, Inc. (Tethys), aleading provider of high-performance global trading software and analyticsto institutional investors, announced today it has developed agroundbreaking new product for high volume FX trading desks as an extensionof its existing Execta platform. This FX product will enable currencytrading desks to improve performance, reduce trading costs and save time.

Tethys' Execta(TM) EMS Platform is the most powerful and flexiblebroker-neutral algorithmic trading and portfolio management solutionavailable today. It supports global trading in equities, options, futuresand FX. The platform includes modules for trading strategy simulation andoptimal execution strategy determination. "FX is an incredible liquidmarketplace with established electronic capabilities being used by all keyplayers," said Sang Lee, Managing Partner of consultancy Aite Group. About7 percent of all FX trading is now being conducted using algorithms in bothinvestment and execution-based trading strategies according to Aite Groupresearch. Overall electronic trading of FX is projected to pass 70% by nextyear. Tethys' Execta solves one of the most challenging issues facingfinancial institutions and investment funds that have significant tradeflows across many currency pairs. Trading desks can not only optimize theirtrading workflow by netting FX trades down to the essential executionsneeded, all of the gross executions can be automatically allocated back tosource accounts. This simplifies execution objectives and enables FXtraders to focus their time on key trades, while reducing transaction andfriction costs. "Institutional FX trading is often highly inefficient, andis rarely integrated in a single multi-asset platform. Tethys has created asophisticated, cost-effective FX trading solution that is seamlesslyintegrated with its world-class algorithmic trading capabilities," saidAndrew Marks de Chabris, Director of Strategy and Sales at Tethys Toronto."Firms can implement the multi-asset class deployment of Execta EMS tounify all their trading activity onto one API rich, low latency technologyenvironment with straight through processing for risk management andsettlement."