REDI – NEW YORK — REDI Global Technologies today announced the launch of its advanced new Spread Trader. It is available immediately to all REDI clients globally.
With Spread Trader, users can easily trade pairs of securities using a variety of market-neutral strategies – including ratio, risk arbitrage and relative price – designed to help maximize spread capture and minimize execution risk.
Spread Trader is one of the first applications to be rolled out on REDI’s next generation platform, which included a rewrite of the entire technology stack. Spread Trader is written in HTML5 running in a secure OpenFin container, enabling changes to be seamlessly deployed on the back-end without requiring users to upgrade versions.
“REDI has long been known for our spread trading capabilities, and we’re happy to build on that legacy with the launch of our next generation, multi-broker Spread Trader,” said Adrian Stack, Product Manager – Spread Trading and Derivatives. “Our beta users have found it to be a significant step forward in terms of performance and usability, and we’re excited to now roll it out to our global client community.”
Spread Trader is ideally suited for firms employing event-driven strategies, either opportunistically or primarily. According a recent research report by Catalyst Financial Partners, event-driven strategies have been one of the most lucrative approaches employed by hedge funds over the last several years, a trend that it sees continuing along with Long/Short Equity, Macro and Quant & CTA strategies.
“As a merger arbitrage fund, our alpha is driven by our ability to effectively trade spreads, which makes the trading platform we use incredibly important,” said Steven Gerbel, Founder and CIO of Chicago Capital Management (CCM). “We’ve participated in the beta testing of REDI’s new Spread Trader for the past three months, and have been very impressed with its performance and intuitive design.”
Those interested in learning more should register for the free webinar on October 19 at 11:00 am ET, which will feature a demo with REDI’s product team and a Q&A with CCM’s Gerbel.
About REDI
At REDI, we are focused on bringing a new level of efficiency, transparency and openness to the trading process by building a collaborative community of investors, brokers, technology firms and content providers.
Through our modular, end-to-end trade management platform, users can execute everything from simple single stock trades to complex strategies across markets and time zones and manage your risk throughout the trade lifecycle. Access our growing network of over 175 execution brokers to route Equities, Futures or Options orders globally, as well as dozens of integrated prime and clearing brokers through our expanding suite of middle office tools. Collaborate with our broker and vendor partners, who are able to efficiently plug into our platform to reach our community of more than 5,000 active users.
REDI was among the industry’s first providers of trading technology and has pushed the state-of-the-art forward for more than 20 years. Today, with the backing of our investors – Bank of America Merrill Lynch, Barclays, BNP Paribas, Citadel, Goldman Sachs and Lightyear Capital – we’re building on our history of innovation to become an open, industry-backed ecosystem for the entire trading community.
NEW YORK — October 6, 2016 — REDI Global Technologies today announced the launch of its advanced new Spread Trader. It is available immediately to all REDI clients globally.
With Spread Trader, users can easily trade pairs of securities using a variety of market-neutral strategies – including ratio, risk arbitrage and relative price – designed to help maximize spread capture and minimize execution risk.
Spread Trader is one of the first applications to be rolled out on REDI’s next generation platform, which included a rewrite of the entire technology stack. Spread Trader is written in HTML5 running in a secure OpenFin container, enabling changes to be seamlessly deployed on the back-end without requiring users to upgrade versions.
“REDI has long been known for our spread trading capabilities, and we’re happy to build on that legacy with the launch of our next generation, multi-broker Spread Trader,” said Adrian Stack, Product Manager – Spread Trading and Derivatives. “Our beta users have found it to be a significant step forward in terms of performance and usability, and we’re excited to now roll it out to our global client community.”
Spread Trader is ideally suited for firms employing event-driven strategies, either opportunistically or primarily. According a recent research report by Catalyst Financial Partners, event-driven strategies have been one of the most lucrative approaches employed by hedge funds over the last several years, a trend that it sees continuing along with Long/Short Equity, Macro and Quant & CTA strategies.
“As a merger arbitrage fund, our alpha is driven by our ability to effectively trade spreads, which makes the trading platform we use incredibly important,” said Steven Gerbel, Founder and CIO of Chicago Capital Management (CCM). “We’ve participated in the beta testing of REDI’s new Spread Trader for the past three months, and have been very impressed with its performance and intuitive design.”
Those interested in learning more should register for the free webinar on October 19 at 11:00 am ET, which will feature a demo with REDI’s product team and a Q&A with CCM’s Gerbel.
About REDI
At REDI, we are focused on bringing a new level of efficiency, transparency and openness to the trading process by building a collaborative community of investors, brokers, technology firms and content providers.
Through our modular, end-to-end trade management platform, users can execute everything from simple single stock trades to complex strategies across markets and time zones and manage your risk throughout the trade lifecycle. Access our growing network of over 175 execution brokers to route Equities, Futures or Options orders globally, as well as dozens of integrated prime and clearing brokers through our expanding suite of middle office tools. Collaborate with our broker and vendor partners, who are able to efficiently plug into our platform to reach our community of more than 5,000 active users.
REDI was among the industry’s first providers of trading technology and has pushed the state-of-the-art forward for more than 20 years. Today, with the backing of our investors – Bank of America Merrill Lynch, Barclays, BNP Paribas, Citadel, Goldman Sachs and Lightyear Capital – we’re building on our history of innovation to become an open, industry-backed ecosystem for the entire trading community.
