SDS Financial Technologies To Power Agency Broker On Point's Order-Routing System

SDS Financial Technologies, a provider of trading and electronic marketplace implementations for institutions, exchanges and hedge funds, have entered into a multi year agreement with On Point Executions LLC, an agency only broker, to power On Point's STING smart order

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SDS Financial Technologies, a provider of trading and electronic marketplace implementations for institutions, exchanges and hedge funds, have entered into a multi-year agreement with On Point Executions LLC, an agency-only broker, to power On Point’s STING smart order-routing system.

“STING provides a solution for obsolete technology that holds option orders “hostage” to liquidity of a single venue at a time and we expect the demand for this evolving market facility to be incredibly high,” says Paul Carrozzo, co-principal at On Point.

“Now that we have partnered with SDS Financial Technologies to offer the marketplace STING routing, we can deliver more liquidity then what the Street is offering at any given point electronically.”

“We are pleased to work with On Point to custom-develop the STING smart order routing system as part of the On Point Trader execution platform,” says Peter Maragos, managing director of SDS Financial Technologies. “STING’s highly desirable capacity will serve On Point’s buy-side and sell-side clients and play a key role in On Point’s continued growth in the marketplace.”

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