Kyte Group is offering its market-leading expertise in trading technology to other trading groups. It is providing Direct Market Access, to multiple trading venues, to algorithmic trading groups, traders with automated trading strategies and traders using FIX connectivity.
Kyte Direct Market Access is a light touch, high capacity, low latency solution available via the industry standard FIX protocol (KYTEFIX) or a function rich proprietary API (KYTEAPI) for both order execution and market data.
Kyte is using Australian connectivity specialist Object Trading to deliver multi-venue connectivity via its proprietary FrontRunner infrastructure. The exchange venues which will be available via KYTEFIX or KYTEAPI, are five cash equity destinations and 11 exchange traded derivatives markets.
Peter Green, chief executive of Kyte Group, said, “There is a growing pool of proprietary trading talent in today’s markets which will dramatically benefit from this kind of access to trading venues. It puts them level with the very fastest professional trading systems in the big banks and brokerage houses. In addition to this technology platform Kyte will offer trade processing and clearing support services. This project complements current Kyte activity as it brings even more liquidity to these markets.”
“With Object Trading’s FrontRunner® suite, Kyte has an all-in-the-box solution for their Direct Market Access customers, allowing them to concentrate on their business rather than the challenges of building a technical infrastructure. With the breadth of market access now uniformly available in either FIX or FrontRunner® API format, Kyte customers can enjoy micro second latencies under the supervision of sophisticated risk constraints with the minimum of up front effort.” added Steve Woodyatt, Managing Director, Object Trading.