Frankfurt/Chicago, December 5, 2007
RTS to be First ISV to Deliver
The Bond Buyer’s RapiData
Digital Economic Data Feed
RTS Realtime Systems Group
(RTS), a leading independent software vendor (ISV), today announced an
agreement with The Bond Buyer’s RapiData to become the first ISV to
provide its users with direct access to RapiData’s new low latency digital
economic data feed.
The agreement enables RTS to offer users of its algorithmic trading tool, RTD Tango,
the ability to incorporate economic news releases into their automated trading
strategies – enabling them to instantly react to new information about U.S. inflation,
employment, productivity and a host of other indicators. RapiData’s machine
readable format will allow direct and accurate delivery to applications that are
programmed to react to such information, within milliseconds.
Steffen Gemuenden, Co-CEO of RTS, said: “We are very pleased to offer this exciting
new capability to users of RTD Tango and our other products. It brings our customers
a new level of high value content to the already substantial logical functionality we
offer based on market and trade data.“
Said Matt Edelstein, Chief Operating Officer of RapiData: “Adding this extra dimension
of powerful content to the automated trader’s toolset is as essential as low latency
and stability to a trader’s success in the modern trading arena. We look forward to
providing this capability to RTS in the first quarter of 2008.“