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UniCredit Markets & Investment Banking Picks Tibco for Algo Trading

UniCredit Group's Markets & Investment Banking Division has implemented Tibco Rendezvous as the low latency messaging platform underpinning its European Index Arbitrage Trading business. Employing complex high frequency trading strategies, the European Index Arbitrage Trading Group takes advantage of temporary discrepancies between the prices of securities comprising an index and the price of a futures contract on that index.

Rendezvous has been implemented for low latency and scalable distribution of market and pricing data between the program trading systems underpinning the business’ strategy.

[tags]UniCredit Markets & Investment Banking, Tibco, Tibco Rendezvous, high frequency trading, program trading [/tags]

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