Object Trading has received certification of conformance to the IntercontinentalExchange (ICE) for UK derivative products and is ready to support clients through the trading access migration from NYSE Liffe to the ICE trading platform.
Clients will be able to continue trading without disruptions to their trading systems.
Following the ICE acquisition of NYSE Euronext, NYSE Liffe UK products will migrate to the ICE trading platform in multiple phases planned from 29 September through November 2014. Firms with internally maintained market access who are continuing to trade NYSE Liffe derivative products on the ICE platform would need to invest significant time and effort to modify their market data and order execution exchange interfaces to accommodate the move of instruments to the new trading platform.
Object Trading’s FrontRunner DMA suite offers sell-side and buy-side firms a single gateway for market access. As regulation, and the competition among trading destinations, continue to drive both market fragmentation and acquisition, Object Trading’s customers are able to access new and shifting liquidity without modifying their trading order generation systems. FrontRunner provides normalised, real-time market data and order execution with in-line pre-trade risk constraints on more than 60 equity, derivative and FX markets globally. By offering an independent, ready-to-trade solution for a range of screen, algorithmic, and DMA technologies, Object Trading enables firms to reduce the IT burden of exchange complexity and free up resources to focus on innovation and growth.
"The ICE derivatives product migration does not disrupt business as usual for connected clients," says Steve Woodyatt, CEO at Object Trading. "Simplifying market access infrastructure is the key to trading successfully in our increasingly complex marketplace. Firms must shed operational complexity or become trapped into small, incremental changes, unable to execute on strategic innovation.”
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