Back

Developing a bank’s direct market access capability

Client Type

Tier-one investment bank.

Business Context

Banks’ algorithmic trader clientele require direct market access, preferably combined with value-adding services that support competitive differentiation.

Outcome

Lab49 upgraded the infrastructure of an investment bank’s new low-latency facility, to support a range of additional critical functions.

Growing demand for low-latency trading

For many modern trading strategies, speed of execution is of utmost importance. The rise of high-frequency trading has elevated technology that enables low-latency transactions and direct access to exchanges to a paramount concern for a substantial subset of investors globally.

Integrating permissioning and third-party data

The equities division of a Tier-1 investment bank engaged Lab49 to enhance its new low-latency, direct market access facility, which needed to incorporate reference data and a range of other services. We worked with the division to develop an infrastructure that made it possible for the facility to access and apply the bank’s rules for each client and extract relevant entitlement information. These operations were monitored through a dashboard we subsequently designed and developed to track the effective functioning of both the reference data feeds and the overall infrastructure.

An enhanced product for high-frequency traders

With our support, our client was able to effectively incorporate these critical new capabilities into the low-latency market gateway it provides to a growing clientele of algorithmic trading firms.

Services

Systems integration
We provide the wide array of services required to fully integrate new systems post-implementation.

More about our services

Focus areas

Product innovation
As technological advancement accelerates, there is growing pressure to bring new products to market quickly.

More about our focus areas