ABR Financial, an Amsterdam-based privately-held investment firm, has selected MarketPrizm infrastructure service from Chi-X Global Technology (Chi-Tech), the technology services unit of Chi-X Global, to power its high frequency and algorithmic trading applications.
ABR Financial is using a number of MarketPrizm service components. Connected to MarketPrizm’s network PrizmNet, ABR receives low latency market data from various European trading venues, utilizes the network to send orders to markets in the region, and uses the colocation service provided by MarketPrizm.
According to Chi-X, MarketPrizm is designed as a trading ecosystem, comprised of connectivity, market data, and colocation and proximity hosting, as well as a range of applications and services. The MarketPrizm ecosystem is powered by a network optimized for latency-sensitive electronic trading strategies including high frequency and algorithmic trading.
Walter Hendriks, managing director of ABR Financial, said: “We continually work to increase performance, flexibility and operational efficiency in our trading operations. Particularly in the changing and innovating European financial markets environment, this is more essential than ever for maintaining our competitive advantage. We selected MarketPrizm to serve as a high performance, convenient infrastructure foundation for our high frequency trading activities.”
Nicolas Levy, managing director for MarketPrizm at Chi-Tech, said: “Our core focus is providing the highest performing, most cost effective and flexible infrastructure for firms conducting all types of electronic trading in the European markets today, where speed and low latency are mission-critical.”
