Itiviti, a world-leading technology provider for the capital markets industry, today announced that Renaissance Capital the leading emerging and frontier markets investment bank has chosen the Tbricks by Itiviti platform for its options market making, Delta-one algo trading.
Renaissance Capital chose to replace its legacy systems in favor of the Tbricks by Itiviti platform to consolidate their trading business. The solution provided by Itiviti, comprises off-the-shelf components with the additional benefit for the firm to write bespoke strategies using Tbrick’s open app-development architecture.
“Coming out on top of a comprehensive selection process, where Renaissance Capital has chosen Itiviti as their technology partner, is very gratifying,” says Lee Griggs, President EMEA, Itiviti. “We pride ourselves in being a strategic partner to banks and brokers, providing next generation trading technology that help our clients advance in their markets.”
“We were impressed by Tbricks by Itiviti’s ability to consolidate our different trading strategies into one platform,” said Vladimir Gibenko, Head of IT, Renaissance Capital. “The Itiviti team have been on hand to help us with replacing our legacy trading systems, and we are so far very happy with our partnership”.
Formed by the unification of Orc and CameronTec, Itiviti develops, markets, and supports industry standard technology products and solutions including Tbricks and Catalys. Tbricks by Itiviti provides a low-latency platform including optimizations with Speedcore, allowing latency-sensitive services run as a single process on a dedicated CPU.