We are pleased to announce that in November 2008, Cicada completed a transaction with Chi-X Global Inc. to form a new company, Chi-X Global Technology (“Chi-Tech”).
Chi-Tech provides proven, high performance trading technology and services to exchanges and market participants. The company is focussed on delivering low latency solutions and infrastructure to lower risk and cost and enable highly effective high frequency and algorithmic trading.
The MiFID regulatory regime and the increasingly fragmented and competitive European markets have greatly affected the cost and complexity of conducting algorithmic trading. With the continuing rise of new marketplaces and alternative trading venues for European instruments, the fragmentation of liquidity and the resulting technology infrastructure challenges show no signs of abating.
For all but the very largest global institutions and market makers, the costs involved to participate in these markets can be prohibitive.
MarketPrizm is an algo trading infrastructure ASP which enables firms of all sizes to trade effectively and cost-efficiently in the European markets.
