19/04/2024

High-value, high-performance sell-side services to meet the increasingly complex needs of buy-side clients and enhance competitiveness.

LOLA is the low-latency order routing solution based on the EXP.0 platform, provided by ATS in Software as a Service (SaaS) mode from its private cloud, hosted at the Aruba Data Center in Ponte S. Pietro (Bergamo, Italy).

“Technological innovation is bringing significant changes to Capital Market operational processes. Automation is becoming increasingly prevalent both on the buy-side and the sell-side, demanding high levels of performance. The unit of measure for latency is the millisecond, and even better, the microsecond.
Low-latency is a ‘must-have’ in financial market access services. For sell-side operators, in particular, utilizing and providing clients with low-latency infrastructure-based technological solutions is essential for a new approach to automated trading”.

says Rino Tranzillo, Head of Capital Market Solutions at ATS.

LOLA is the solution aimed at sell-side operators who aim to offer advanced services to their buy-side clientele while ensuring high levels of performance and the high volumes required by high-frequency trading (HFT) operations.

LOLA ensures latencies in the order of milliseconds for market access and for the automated management of hundreds of thousands of transactions per day.

Key elements of the solution include:

  • direct market connection (via membership) or indirect connection (through own brokers)
  • client connections based on the FIX protocol (versions 4.1 to 5)
  • customizable order routing for selecting the destination channel
  • continuous monitoring of orders from the solution’s front-end
  • ongoing performance monitoring with dashboards for real-time visualization of latency times and managed volumes

“Since the beginning of this year, one of the leading banks in the world of financial intermediation in Italy has been using LOLA to meet the needs of its clients operating in HFT on the Euronext markets, ensuring very low latency even under conditions of non-colocation with market systems”.

concluded Rino Tranzillo.