Algo Technologies Ltd
| Algo Technologies | |
| |
| Headquarters | London and New York |
|---|---|
| Key People | Rami Habib, CEO |
| Products | trading technology |
| Website | www.algotechnologies.com |
Algo Technologies is a New York - and London-based technology firm serving financial exchanges, and specializes in algorithmic trading, execution, and market data services. The firm was co-founded in March 2010 by Hirander Misra, Alexei Lebedev and Rami Habib.[1]
The firm was acquired by the Intercontinental Exchange Group in April 2014.[2] [3]
History[edit]
Habib and Lebedev were both senior executives at ALGOEngineering, a trading technology firm founded in 2001 to develop solutions for connectivity and market data; Lebedev as CEO of the firm’s US operating entity and Habib as CEO of the European division. ALGO Technologies was established as a separate company to deliver ALGOEngineering’s technologies to the wider market; Misra was named CEO.[4]
In April 2010, Algo Technologies introduced ALGO M2, its low-latency trade matching engine for internalizers, exchanges and multilateral trading facilities (MTFs).[5] The firm claims to have the lowest latency in the industry, with a round trip of 16 microseconds.
Misra left the firm in July 2011 and, soon after, co-founded Global Markets Exchange Group (GMEX), a London-based derivatives exchange.[6][7]
Key People[edit]
- Rami Habib, co-founder, CEO
- Alexei Lebedev, co-founder, director
- Howard Morgan, chairman
- Vladimir Parizhsky, director
References[edit]
- ↑ Misra Named CEO of Algo Technologies. Advanced Trading.
- ↑ NYSE Computer Error Prompts Cancellation of Almost 20,000 Trades. Bloomberg.
- ↑ Report: ICE Buys Algo Technologies to Speed Up New York Stock Exchange. FOX News.
- ↑ A new beef for former Chi-X chief. The Trade News.
- ↑ ALGO Technologies Unveils Fastest-Ever Exchange/MTF Matching Engine. Wall Street & Technology.
- ↑ Misra Starts London Derivatives Venue as Rival to Nasdaq. Bloomberg News.
- ↑ Misra quits Algo Technologies. Financial Times.