itarle AG opens algorithmic trading service bureau in Zurich
itarle AG (itarle), a leading provider of multi asset algorithmic trading and analytics services for the sell-side, today announced it has established an algorithmic trading service bureau at the Equinix ZH4 data centre in Zurich.
This latest service has been introduced in response to demand from Swiss-based market participants who need an electronic presence close to SIX Swiss Exchange, where the majority of trading in Swiss equities continues to be executed.
Paul Lynch, CEO of itarle commented “Opening a service bureau next to the exchange with the most liquidity in Switzerland is a logical extension to our services.” He added, “This expansion continues a strong growth momentum for the company and is an important part of our strategic plans for 2016”.
itarle provides algorithmic trading, smart order routing and transaction cost analysis services to sell-side firms executing transactions on global equity and futures exchanges. The unique itarle service enables clients to trade using their own exchange memberships and existing connectivity channels.