The Kyte Group, an integrated clearing, broking and investment service provider, is extending its global collocation DMA coverage to Chicago and Milan via a partnership with Object Trading. Kyte already uses Object Trading, a connectivity provider, to connect customers to its London and Frankfurt collocation offices.
Object Trading provides European cash equities and European and North American derivative data for Kytes screen and algo customers connected to their London collocation offices. The firm also provides low-latency prices and pre-trade risk managed order routing for Kyte through FrontRisk, an inline pre-trade risk constraints offering.
Expanding our collocation coverage with Object Trading beyond London to new markets in Europe and the US is a testament to our firms mutual success, says Thomas Texier, COO of The Kyte Group. Object Trading have proven themselves to be a trusted partner over the past three years. Their ability to provide an infrastructure that includes independent direct market access and pre-trade risk tools we are looking for creates an effective, scalable model that is truly unique in the industry.
Steve Woodyatt, CEO of Object Trading, adds: Object Trading and The Kyte Group are a natural fit and we are pleased to extend our relationship with them. By providing Kyte with a single way of both managing risk and accessing the numerous exchanges where they transact, they have the flexibility to improve performance while keeping costs low.
(CG)