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Peresys offers perFIX Trader as an algorithmic trading platform
Peresys, supplier of technology solutions to the financial markets, has made significant inroads with their latest offering, perFIX Trader.
perFIX Trader is the next generation execution management system (EMS) for buy- and sell side clients. It is an instant off-the-shelf FIX compliant EMS for equity, order routing, direct market access and equity derivative trade reporting. Using the latest technologies this sophisticated EMS is hosted in the Peresys BPN (Business Process Network) and requires no software installation, simply login and trade.
Worldwide, the electronic financial markets have become more accustomed to using algorithmic trading for entering trading orders with the computer algorithm deciding on certain aspects of the order such as the timing, price or even the final quantity of the order.
Traders on both the buy and sell sides are more dependent on algorithmic trading as electronic trading significantly increases worldwide. Peresys has been at the forefront of these international trends with perFIX Trader. perFIX Trader eliminates human error associated with volume and manual trading and significantly reduces latency.
"The larger multinational investment banks have all developed their own algorithmic offering for buy side clients, the challenge being how to use them all without running several front-ends. perFIX Trader was developed to consolidate all these offerings into one common front-end giving buy sides access to algorithms from multiple brokers in a single neutral front-end," says Raymond Pretorius, director at Peresys.
"Peresys has an impressive and growing list of participants in the perFIX algorithmic trading platform, including BJM, Investec, Merrill Lynch, Peregrine, TFS Securities, Umbono and UBS. Peresys has made algorithmic trading readily available to the buy sides and a single platform gives them access to a multitude of brokers.
The new functionality is available via a perFIX Trader front end or by integrating to the perFIX Trader solution using either the FIX Protocol or a simple database API perFIX Connect making integration to Order Management Systems possible.
Our strong South African presence enables us to quickly identify market trends and the needs of the trading community and then deliver rapidly thereon to give our customers time to market advantage," comments Pretorius.
