TickIt Trading Systems

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Tickit Trading Systems
TickIt-reduced.jpg
Founded 2009
Headquarters Chicago
Key People Michael Unetich, president, founding partner; Rick Lane, director of technology, founding partner
Employees 10
Products Automated Trading Technology Firm

TickIt Trading Systems was a trading technology firm founded in 2009. TickIt offered front end software and services and was best known for an innovative drag-drop algorithm design platform, the Algo Design Lab (ADL), that allowed traders to design and build their own automated trading programs.[1] The company was acquired by Trading Technologies International on June 8, 2010.

History

TickIt Trading Systems publicly launched at FIA Expo in October 2010. The company was co-founded by Michael Unetich, a former high-volume futures trader, and Rick Lane, a technologist who began his professional career designing computer-based war games and terrorist network tools for the Department of Defense.

In April 2010, TickIt received the Illinois Technology Association’s Newcomer Award, which is given annually to the Illinois company that has the strongest potential to emerge from its startup phase and distinguish itself in the technology marketplace.[2]

TickIt was acquired by Trading Technologies on June 8, 2010.[3]

In September 2010, TickIt's Algo Design Lab (ADL) product was named a finalist in the Chicago Innovation Awards, which focuses attention on the most significant new products and services introduced in the Chicagoland region.

In December 2010, TickIt's Algo Design Lab (ADL) won the FOW awards in the trading and execution category for Best Innovation by an IT or software firm.[4]

Products and Services

TickIt's flagship application, the Algo Design Lab (ADL), was a disruptive technological platform that allowed traders to design, create and deploy their own end to end automated high frequency trading programs without having to write a single line of software code.

Key People

References

  1. Tickit Trading Systems. LinkedIn.
  2. CityLIGHTS Awards History. ITA website.
  3. Trading Technologies Acquires Tickit Trading Systems. Business Wire.
  4. FOW Awards for Innovation 2010. FOW.