InfoReach, a global provider of high-performance electronic trading technology for capital markets, reports that the companyâs earnings for 2009 grew by 22% in revenues and it doubled its net profitability, marking the firmâs 15th consecutive year of revenue growth.
The firm credits its industry-leading deployment time of superior technology as well as increased demand for its high-frequency trading (HFT) product as primary factors fueling its extraordinary results.
Despite 2009âs global financial downturn and IT spending cuts that caused widespread revenue declines across the industry, InfoReach was able to expand its buy- and sell-side client base, increase its global broker and FIX connectivity networks, introduce a new HFT component and boost product functionality across asset classes.
âThe more challenging the global trading environment becomes, the more our business thrives,â states InfoReach CEO Allen Zaydlin. âInstitutional traders need more speed and advanced functionality to compete in todayâs markets, and they also donât want to wait 6-12 months for their trading technology to be integrated and functional,â he explains.
âInfoReach solutions are broker-neutral, multi-asset powerhouses that can easily have clients live and trading in as little as 2-4 weeks. And our reputation for rock-solid reliability and support assures traders that weâll be there for them in the future,â Zaydlin adds.
Since its inception in 1995, InfoReach has continually invested heavily in product development and service to meet customersâ evolving needs and access to technical expertise. Highlights of the past year include:
â¢ Increased demand for the firmâs âHiFREQâ product, which gives traders the ability to employ low-latency, high-throughput strategies for equities, futures, options and FX trading without having to invest in costly technology and maintenance.
â¢ Connectivity to foreign exchange liquidity from Thomson Reuters, ICAP's Electronic Broking Services (EBS) and J.P. Morgan. This brings the number of FX dealers and ECNs that connect to the InfoReach TMS to 15 of the worldâs largest financial institutions.
â¢ Addition of algorithmic strategies from 35 brokers to the InfoReach Execution Management System (EMS)
â¢ Expansion of the InfoReach FIX connectivity network, which now provides access to more than 140 brokers, ECNs, MTFs, exchanges, ATSs, dark pools and other major sources of global liquidity for equities, futures and options trading.
â¢ Enhanced multi-asset trading functionality for equities, futures, options and forex.
â¢ Widely publicized thought leadership for industry regulators and the media on such critical concerns as high-frequency trading, ânaked access,â automated and algorithmic trading, and low latency
â¢ Participation in and sponsorship of numerous global industry events