FutureTrade Technologies and Radianz have reached an agreement that enables FutureTrade to use RadianzNet, for connectivity to electronic communications networks (ECNs) and to its clients.
FutureTrade’s trading tools aim to help institutional and hedge-fund users to react more quickly to market information because they provide integrated access to multiple trading venues and market information on one desktop workstation.
FutureTrade will use RadianzNet to connect its tools for the buy side to Archipelago, INET, REDIPlus, and others, which are among the 120 services that can be accessed via RadianzNet. FutureTrade also will use RadianzNet to give its institutional and hedge-fund clients access to its services.
“Using Radianz’s infrastructure will enable FutureTrade to enhance the reliability of our services and to reduce our costs of doing business,” says Jim Kwiatkowski, FutureTrade’s executive vice president for Sales and Marketing. “Radianz will enable us to achieve our business goals because we will be able to eliminate multiple point-to-point connections to our trading partners and use just one fully redundant connection into RadianzNet for access to all the destinations we need to reach. When we do things more efficiently, we are able to offer the most competitive rates to our clients.”
Johna Till Johnson, president and chief research officer at Nemertes Research, a leading New York-based research firm that specializes in assessing the business value of emerging technologies says that “Radianz provides companies like FutureTrade with the optimum infrastructure across which to deliver solutions and services to users of financial services. Reducing the number of physical circuits required reduces the total cost of service delivery while maximizing the reliability and performance of the tools and services. Traders and hedge-fund managers will reap the benefits of lower costs and improved application performance.”