Deltix, Inc., a leading provider of software for the development and deployment of advanced alpha generation and execution strategies, and CitiFX Pro, the margin FX trading division of Citi, today announced an agreement to offer the Deltix Product Suite via CitiFX Pro. The first mutual client, Alacrity FX, a trading name of Merchant Capital Ltd, as a result of this collaboration has begun trading activity. Alacrity FX uses the Deltix Product Suite integrated with streaming market data and trade execution provided by CitiFX Pro, with the software and servers hosted at the Equinix New York campus.
“We are seeing a significant uptick in the number of money managers implementing automated FX trading strategies”, said Ilya Gorelik, CEO and Founder of Deltix. “The Equinix hosted deployment of the Deltix Product Suite with CitiFX Pro executable market data shortens the time to market of developing and deploying new FX strategies in a secure low latency environment. Trading models defined and refined in QuantOffice are deployed “as is” in UHF Trading Server for live trading.”
“CitiFX Pro is pleased to collaborate with Deltix, a leading provider of electronic alpha generation and execution strategy solutions. We are confident this high quality solution will be useful to clients seeking a sophisticated solution to their automated trading needs” said Sanjay Madgavkar, Global Head of CitiFX Pro. “CitiFX Pro provides clients competitive electronic liquidity sourced from multiple providers.”
“We need to know that our mission critical systems are always available and secure so we are pleased in having our Deltix software hosted by Equinix, which provides best-in-class infrastructure as well as connectivity to market participants” said Stephane Coquillaud of Alacrity FX. “Having used Deltix in my previous firm, we know that their software supports our extremely demanding back-testing and automated trading. Back-testing on market data sourced from the live market data feed and deploying the same strategy code in production as used in back-testing is extremely important for us.”
"Equinix is pleased to enable companies like Deltix and Citi to quickly connect directly to their customers and partners as well as support their high performance trading infrastructure. Their combined solution enhances the growing trading ecosystem in our New York campus, adding further value for the installed base of multi-national trading firms," said John Knuff, general manager, global financial services for Equinix.