Tbricks Connects to Burgundy

Stockholm - 8 May 2009

Tbricks, the provider of the new generation automated trading system, today announced that it has added Burgundy to its growing list of certified trading venues.

Tbricks focuses on the specific needs of proprietary trading firms, trading desks at banks and high-tech hedge funds. They can now trade on Burgundy using Tbricks’ low latency connection.

Jonas Hansbo, CEO of Tbricks, says: “We see a large market interest in Burgundy. Many proprietary traders, who depend on low latency performance, will connect to Burgundy from the start. That's why we've ensured that our clients can run the strategy trading engines of Tbricks Genesis reliably against the Burgundy market on day one.”

Urs Rutschmann, COO of Tbricks, adds: “Tbricks leads the way with unmatched speed, scalability and customizability. Our aim is to offer comprehensive access to all Nordic trading venues, with far better performance and lower costs than legacy trading systems."

“We are pleased to see Tbricks’ advanced automated trading solution being added to our list of certified vendors. Low-latency trading is one of the fastest growing areas in the industry as firms are looking at different ways to exploit trading in a post-MIFID fragmented landscape”, comments Olof Neiglick, CEO of Burgundy.

Tbricks’ premiere product—the Tbricks Genesis automated trading system—was launched in 2008 and is in use in several leading trading rooms. Tbricks connects to multiple exchanges, MTF’s, Forex trading places and prime brokers.

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