Boston, MA, April 19, 2005 â According to a new report from Aite Group, LLC, market interest in algorithmic trading has skyrocketed over the last couple of years, driven by the need for efficient trade execution services under the current trading environment as well as regulatory pressures. Not surprisingly, numerous independent technology and service providers have emerged over the past few years to meet the perceived growth in market demand in algorithmic trading.
The report provides detailed profiles of 12 leading technology providers in the algorithmic trading marketplace: Vhayu Technologies, Xenomorph, Apama, FlexTrade, Portware, QSG, Lava Trading, Neovest, SunGard Trading Systems, Radianz, STN, and TNS.
According to Sang Lee, Managing Partner of Aite Group and the author of the report, "The algorithmic trading technology market is a buyer's market. Prospective buyers should look for those vendors willing to provide a certain level of customization and responsive post-implementation customer service." Lee adds, "Algorithmic trading has just arrived and the real growth for algorithmic trading technology market appears to be just beginning."