Today’s marketing making business leaves little room for second best in technology and infrastructure. Successful market makers must operate a predictable, reliable low-latency trading environment. Market makers must be as fast as the fastest traders on the venue they are providing liquidity on.
Best in class tools are needed to provide visibility, optimization, troubleshooting, data capture and reporting of all electronic activity related to the business of making markets. Traditionally, market makers have built their own tools in-house to maximize competitive advantage. However, that has changed in recent time.
The cost of developing and maintaining these tools is prohibitive as the business expands to more markets, more asset classes and the burden of regulatory obligation increases.
It is critical for market makers to develop highly optimized algorithms for price analysis and quoting.