Sea Otter selects Tbricks by Itiviti to grow ETF business
– Sea Otter Securities Group LLC deploys Tbricks by Itiviti for ETF market making on NYSE Arca.
Chicago – Tuesday, May 3, 2016 – Itiviti, a world-leading technology provider for the capital markets industry, today announced that Sea Otter Global Ventures LLC, a private investment firm based in New York, has chosen the Tbricks by Itiviti platform for ETF market making on NYSE Arca.
Sea Otter Securities Group LLC, a sister company of Sea Global Ventures LLC, is a registered market maker on NYSE Arca. With in-depth experience from investing and trading across all investment classes and geographies, the firm deploys proprietary models to trade international ETFs.
Tbricks by Itiviti is the first trading platform designed from the ground up for today’s trading reality: built to be customized, scaled, co-located and blazingly fast. Its app-based architecture combines the tailored functionality of an in-house built system with the convenience of a third party solution. By providing the source code to its library of apps, Itiviti allows clients to add their own unique sets of functionality and unlock new capabilities in response to changing market requirements or their own proprietary needs.
“We are excited that Sea Otter will be leveraging the Tbricks by Itiviti platform, which is ideally suited for ETF market making,” said Jesper Alfredsson, President Americas, Itiviti. “Our customers receive an off the shelf product that includes Tbricks apps along with the full source code for a truly customizable solution in terms of visualizing and controlling quotes, hedging, basket executions and pricing to support complex ETF set ups.”
Tbricks by Itiviti supports the fusing of latency-sensitive services into a single process using Itiviti’s Speedcore technology, while retaining a clear architectural separation of services. Services can easily be moved into or out from a Speedcore.
“We were impressed that Itiviti’s Tbricks platform ships with specialized ETF apps, as well as the flexibility to customize the system by tweaking the apps,” said Hamin Abdullah, Principal, Sea Otter. “Also, latency is important for us and the platform really delivers on our performance requirements.”
Itiviti will be participating in the 2016 Options Industry Conference May 11-13, 2016 and will be happy to discuss Itiviti’s new and even more powerful portfolio: fully modular, transparent and flexible solutions for end-to-end trading, routing, connectivity and risk.
Itiviti is a world-leading technology provider for the capital markets industry. Trading firms, banks, brokers and institutional clients rely on Itiviti technology, solutions and expertise for streamlining daily operations, while gaining sustainable competitive edge in global markets.
With 13 offices and serving more than 400 customers worldwide, Itiviti was formed by uniting Orc Group, a leader in trading and electronic execution, and CameronTec Group, the global standard in financial messaging infrastructure and connectivity. From its foundation in 2016, Itiviti has a staff of 400 and an estimated annual revenue of SEK 700 million.
Itiviti is committed to continuous innovation to deliver trading infrastructure built for today’s dynamic markets, offering highly adaptable platforms and solutions, enabling clients to stay ahead of competitive and regulatory challenges.
Itiviti is owned by Nordic Capital Fund VII.
For further information, please contact:
Jesper Alfredsson, President Americas, Itiviti, Tel. +1 312 541 5888
Jessica Darmoni, Senior Marketing Manager Americas, Itiviti, Tel. +1 312 541 4181