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RTS in production on Dubai Mercantile Exchange
Frankfurt/Chicago - RTS Realtime Systems Group, a leading independent software vendor for electronic trading solutions, announced that the RTD trading applications were used in live trading on the first day of the newly launched Dubai Mercantile Exchange (DME).
With RTS providing connectivity to the DME platform, the firm's customers now have direct access to the first energy futures exchange in the Middle East.
The DME, a 50/50 joint venture between the New York Mercantile Exchange (NYMEX) and a subsidiary of Dubai Holding "Tatweer Dubai Limited," is located within Dubai's financial free zone, the Dubai International Financial Centre (DIFC).
Initially the DME will list three contracts- with the Oman Crude Oil Futures Contract being the first physically delivered Middle East sour crude oil futures contract - all cleared and guaranteed through NYMEX's clearinghouse.
"Today's announcement further demonstrates RTS' commitment to provide its worldwide growing futures traders users with direct access to established and new markets", said Steffen Gemünden, co-CEO of RTS, adding that "DME is our first step into the Middle East."
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Gary King, Chief Executive Officer of the DME, commented: "The DME is committed to providing liquidity for producers, consumers and traders. The inclusion of RTS as one of the Exchange's ISV's will enhance accessibility and add further value to the Exchange. We look forward to welcoming their customers."
About RTS Realtime Systems Group:
RTS is a leading Independent Software Vendor (ISV) with local sales and support offices in the major financial centers and distribution partners in Greece, India, Italy and Portugal. RTS is the market leader in terms of functionality in electronic trading software for all traded products. With more than 3,000 user
licenses and connections to more than 75 exchanges around the world, RTS has secured a solid position in the industry. In business since 1992, RTS has over fourteen years' of experience developing software to enable trading on the electronic exchanges. As one of the pioneers in designing electronic trading tools,
RTS has developed an extensive suite of products for options and futures traders. In addition RTS' software features a variety of tools, including the RTD Quote MachineŽ, RTD Electronic EyeŽ, RTD Sales Trader, the Autohedger and the Basket TraderŽ. With RTD Tango, the recently launched algorithmic trading system, RTS
has further strengthened its product portfolio.
As a global player in the area of electronic trading, RTS also offers an additional service to its customers. Upon request, RTS data-centers can provide flexible and high-speed connectivity options, state-of-the-art hardware and application hosting & housing services.
For more information about our company and our products, please
contact: globalsales@rtsgroup.net
RTD Quote MachineŽ, RTD Electronic EyeŽ and RTD Basket TraderŽ are registered trademarks in the European Community.
About Dubai Mercantile Exchange:
For more information about DME, please go to: www.dubaimerc.com.
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