BlueBox, which has been available in the US since October 2006, provides easy access to pre-built, industry standard algorithmic strategies, along with a toolkit for clients wanting to build their own proprietary models.
Built on Fidessa’s pedigree technology, BlueBox incorporates low-latency market data and global exchange connectivity. RoyalBlue claims that the new system thus provides a proven, easy to deploy, cost-effective solution for brokers keen to enter the algorithmic trading space.
As well as providing access to industry standard, out-of-the-box algorithms, BlueBox also exposes its underlying framework to provide an environment for developing and deploying proprietary algorithms for both equities and derivatives.
As competition grows, it’s important that brokers have the flexibility to tailor standard algorithms for specific needs, and to differentiate their offering with the provision of their own bespoke models, commented Philip Slavin, head of European product strategy at Fidessa. BlueBox provides a high-level Java toolkit to allow them to do just that. Developers can design, test, validate and improve their models before releasing them into a live trading environment.
