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Sea Otter selects Tbricks by Itiviti for ETF market making

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3 May 2016
Chicago, United States

Sea Otter Securities Group LLC deploys Tbricks by Itiviti for ETF market making on NYSE Arca.

Itiviti, a world-leading technology provider for the capital markets industry, today announced that Sea Otter Global Ventures LLC, a private investment firm based in New York, has chosen the Tbricks by Itiviti platform for ETF market making on NYSE Arca.

Sea Otter Securities Group LLC, a sister company of Sea Global Ventures LLC, is a registered market maker on NYSE Arca. With in-depth experience from investing and trading across all investment classes and geographies, the firm deploys proprietary models to trade international ETFs.

Tbricks by Itiviti is the first trading platform designed from the ground up for today’s trading reality: built to be customized, scaled, co-located and blazingly fast. Its app-based architecture combines the tailored functionality of an in-house built system with the convenience of a third party solution. By providing the source code to its library of apps, Itiviti allows clients to add their own unique sets of functionality and unlock new capabilities in response to changing market requirements or their own proprietary needs.

“We are excited that Sea Otter will be leveraging the Tbricks by Itiviti platform, which is ideally suited for ETF market making,” said Jesper Alfredsson, President Americas, Itiviti. “Our customers receive an off the shelf product that includes Tbricks apps along with the full source code for a truly customizable solution in terms of visualizing and controlling quotes, hedging, basket executions and pricing to support complex ETF set ups.”

Tbricks by Itiviti supports the fusing of latency-sensitive services into a single process using Itiviti’s Speedcore technology, while retaining a clear architectural separation of services. Services can easily be moved into or out from a Speedcore.

“We were impressed that Itiviti’s Tbricks platform ships with specialized ETF apps, as well as the flexibility to customize the system by tweaking the apps,” said Hamin Abdullah, Principal, Sea Otter. “Also, latency is important for us and the platform really delivers on our performance requirements.”

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