Customized Offering Provides Access to Algorithmic Platform, Two Exchanges, Sophisticated Strategies for Low Monthly Price
RTS Realtime Systems Group (RTS), a leading global trading solutions provider, announced today the global launch of Tango OnDemand, a new fixed-price package of customized algorithmic and automated trading solutions. Encompassing all of the firm’s popular algorithmic trading platforms – RTD Tango, RTD Tango Trader and RTD Tango QUANT – the package enables single users and firms to pay a low monthly price for their choice of platform, two fully hosted exchanges on a global trading network and an array of built-in, sophisticated trading strategies.
For one fixed monthly price, Tango OnDemand enables users to select any two hosted exchanges from the more than 135 global exchange connections that RTS offers. Clients can also add markets, in addition to the two that are already included. The offering provides access to RTD Tango, the firm’s long-standing algorithmic trading platform; RTD Tango Trader, the combined click and algorithmic trading solution; or RTD Tango QUANT, the newest offering with technical analysis, charting, back-testing and optimization tools. The package includes built-in algorithmic trading strategies such as arbitrage, smart order routing, VWAP1, TWAP2, data analysis, market making, hedging and baskets. Clients can use these strategies, modify them or build their own, according to their specific needs or interests.
RTS CEO Steffen Gemuenden said: “This offering truly enables clients to customize a package that meets their needs. Tango OnDemand is ideally suited to firms that want to begin offering ultra-low latency algorithmic trading to clients or to help them transition into multiple markets or asset classes. Users can easily build sophisticated execution algorithms and convert ideas into actionable trading strategies. It’s also attractive to experienced algorithmic traders who want to choose from one of our premier platforms and focus on a limited number of markets or trading strategies in a cost-efficient manner.”
The new offering is designed for proprietary traders, quantitative desks, clearing and brokerage firms, investment banks, hedge funds and commodity traders. RTS can accommodate traders with any clearing firm for the Tango OnDemand package.