Neueda Consulting, the software development & IT firm, has joined the STAC Benchmark Council™ and is also pleased to announce a partnership to provide development resources to support a range of STAC Benchmarks™ related to high-speed trading.
Neueda have invested significantly in growing a sizeable world class software development team with capital markets and electronic trading expertise. Malachy O’Neill, Head of Neueda Capital Markets, commented, “Our highly skilled talent pool, combined with our Belfast delivery base, uniquely positions Neueda to solve real development problems and deliver value to an expanding global client list. We view this partnership with STAC® as an endorsement of our expertise, credibility and a commitment to satisfying customers beyond their expectations.”
Neueda delivers custom application development to tier 1 investment banks, broker-dealers, exchanges, market makers and vendors, across all asset classes. Deliverables typically relate to market data, order entry, risk and algorithmic trading frameworks.
Trading organizations and technology vendors on the STAC Benchmark Council collaborate on standards for testing capital markets solutions. That includes STAC-TS™, a set of standards to measure the accuracy of technologies used to timestamp and capture events in high-speed environments. STAC Reports™ and STAC tools based on these standards will help trading organizations achieve and demonstrate compliance with regulations like MiFID 2.
Neueda has considerable experience developing testing tools, having launched its own exchange simulator product with support for native protocols and full matching engine functionality. This enables investment firms to automate the testing of their OMS/EMS platforms within a dedicated closed loop environment. Neueda also offers FIX/native protocol certification and sell-side customer on-boarding services.
“We turned to Neueda to accelerate development of STAC tools because of their experience with trading systems and their ability to flexibly scale up the right resources,” said Peter Lankford, STAC Founder & Director.