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Bailey McCann, Opalesque, New York:
Hedge funds can no longer continue to rely on latency plays alone as a means of maintaining their edge, according to Steve Woodyatt, CEO, Object Trading. Object Trading provides real time market data for both buy-side and sell-side clients, and according to him, as funds feel their way through volatile markets, they will need to get more out of market data than a few millisecond speed edge.
Woodyatt, founded Object Trading ten years ago after spending the early part of his career working as a CTA, pioneering the fully automated closed loop CTA fund. It was during his work as a CTA that he saw a multitude of problems with trade execution - problems that he sought to correct when he founded Object Trading. The company offers a horizontal deployment approach that enables customers to access global markets via a single API.
"Our solution allows for funds to see their actual trading strategies in one screen, while running those same strategies in a simulated environment, showing you the slippage between the simulation and the real activity," Woodyatt explains in an interview with Opalesque. "By seeing that, funds have been able to utilize dynamic reallocations based on what the data shows."
For Woodyatt, dynamic reallocation offers funds more than a slight speed edge or other arbitrage strategies that have been practiced for years. In essence, the Object Trading API combines all exchange activity into a single infrastructure th...................... To view our full article Click here
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