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Apr 16 2012
LimeTrader Gets Direct Data Feed
Reprinted with permission from Traders Magazine

Data-feed provider Selerity and Wedbush’s Lime Brokerage are teaming up to provide integrated event-driven data to the multi-asset-class trading engine LimeTrader.

LimeTrader is designed for the implementation, testing and deployment of algorithmic trading strategies. Through the direct data-feed, users will now have access to low-latency event data, including company earnings, macroeconomic numbers and energy data.

The partnership, announced today, provides trading firms with a way to incorporate low-latency, market-moving event data into high-frequency trading strategies. Clients will have the ability to incorporate Selerity’s data into their algos on the LimeTrader complex event processing engine, and then to execute their strategies, either via Lime Brokerage or another broker.

“We realized that with our clients focused on low-latency reactions to events in the market, we could really reduce their time to market developing new trading strategies if we wrote a feed-handler into our product,” said David Don, managing director of strategy development for Lime Brokerage.

Jeff Otten, executive vice president of sales and business development for Selerity, said the data feed delivers not just widely used numbers like corporate earnings, but also key performance indicators, such as product shipments.

“Many firms are very interested in leveraging event data,” Otten said. “Having that data in a trading platform allows them to really focus development resources on their trading strategies.”

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