BUTTONWOOD FUTURES FIRM, RTS GROUP PARTNER ON ALGO TRADING STRATEGIES

Posted September 1, 2009

CHICAGO – Global futures trading firm Buttonwood Group LLC has chosen RTS Realtime Systems Group, a trading solutions provider, for its algorithmic trading strategies to use across asset classes in multiple markets worldwide.

Buttonwood, RTS’s first customer designated as an RTS Technology Partner, chose RTS after a “build or buy” analysis and evaluation of technology to support its proprietary trading strategies. Buttonwood has deployed RTD Tango, RTS’s algorithmic trading solution.

“We believe that RTS is progressive and a lead innovator in the race to zero latency, specifically in support of our high-frequency trading strategies,” says Dave Dugan, Chief Operating Officer of Buttonwood Group. “The RTD Tango solution and open architecture of the firm’s APIs have enabled our traders to take their critical strategies, build algorithms and integrate them seamlessly into a back-testing and production environment. As a technology partner, Buttonwood has a key role in the integration of RTS’s technology with third-party functionality, such as historical tick databases from Exchange Systems Inc. and post-market risk management from Global Risk Corporation.”

Together, RTS and Buttonwood are working as a team to support Buttonwood’s sophisticated, high-frequency trading strategies globally across a range of fixed income, energy and index markets, with solutions customized for Buttonwood’s needs.

“It’s fundamentally important for us to be able to profitably manage our business by giving our traders the ability to cost-effectively take their great ideas, test them rigorously and put them into production quickly,” says Greg Veselica, Managing Director of Buttonwood. “RTS meets our extremely high standards and gives us this highly adaptive algorithmic trading capability, along with connectivity to more than 100 marketplaces globally, the ability to put in place prudent risk controls for us and our clearing firm, a strong order management system and solid core architecture technology.”