SR Labs connects to Chi-X Europe

publication date: Oct 13, 2008

SR Labs, a leading provider of high-speed electronic trading solutions, announced that it has added Chi-X Europe Ltd to its list of certified trading venues. SR Labs enables connectivity to Chi-X Europe through its Low Latency Order Management System
(LOMS) and market data access to Chi-X Europe’s ‘CHIX’ market data feed via the SR Market Data Solution (SMDS).

Samir Islam, Director of software development, SR Labs, said “Certifying against both the Chi-X Europe trading and market data systems allows us to add another trading venue to our portfolio and gives our customers a greater choice for European markets.”
Hirander Misra, Chief Operating Officer, Chi-X Europe added, ““Through our streamlined business model,institutional investors are  able to trade a wide range of European equities and achieve low-cost, highspeed trade execution, as well as potential price improvement. We are pleased to welcome SR Labs and its clients to our growing roster of Chi-X users.”

The LOMS Open Strategy Container is designed to accelerate high-frequency algorithmic trading applications, providing end users with infrastructure to develop and deploy trading strategies. SMDS allows firms to run proprietary trading strategies in-process with SR Labs’ market data libraries and achieve fully co-location compliant black-box trading architecture with minimum network overhead and intelligent resource management.