Contact Information: Contact: 4th Story Steven Smith +1 415 672 4716 UNX Damon Leavell +1 973 590-5155
4th Story Powers UNX Algos
| Source: 4th Story
SAN FRANCISCO, CA--(Marketwire - January 26, 2009) - 4th Story, LLC, a premier provider of
automated trading technology, announced today that UNX, Inc., a leading
innovative agency broker, has gone live on its software. UNX is using 4th
Story's 4S.Blue Ridge™ algo trading server to power its execution
algorithms offered to its DMA customers.
"Using 4S.Blue Ridge we were able to get new high quality, high
performance, algorithms into production quickly and efficiently," explained
Scott Harrison, UNX's CEO. "This product is a great compliment to our
advanced tactical execution technology and market structure expertise,
allowing us to react swiftly and effectively to our clients' changing
needs."
4S.Blue Ridge can host standard execution strategies including VWAP/TWAP,
pegged orders, volume participation and pairs/multi-leg management as well
as sophisticated custom strategies for both agency and principal
applications. Like all of 4th Story's automated trading products, 4S.Blue
Ridge is fully multi-currency and operates across asset classes, including
equities, futures and forex.
"We are particularly pleased that a technologically pace-setting broker
such as UNX selected the 4S.Blue Ridge server to implement a new execution
algo," said Steve Smith, CEO of 4th Story. "Like all of our products, it
combines the flexibility needed to address complex requirements with the
robustness demanded by institutional trading."
4S.Blue Ridge was designed to be easily integrated into an existing order
management and market data infrastructure. The system can be loosely
coupled via FIX for both incoming and outgoing order flow, or tightly
coupled and effectively embedded in an internal OMS via its flexible
adapter architecture. The product comes bundled with remote instrumentation
and administration capabilities and can also run smart order routing
algorithms to help maximize execution efficiency and meet MiFID and Reg NMS
regulatory requirements.
About 4th Story (www.4thstory.com)
4th Story, LLC's suite of software quickly enables and manages automated
trading opportunities for brokers, hedge funds and institutional traders.
The company's products give the user the power of rapid testing and
implementation of arbitrarily complex quantitative, algorithmic and
automated trading strategies.
About UNX (www.unx.com)
UNX is an independent agency brokerage firm which fuses technology,
innovative ideas, and market structure experience to create advanced
solutions for the securities marketplace. Founded in 1999, as an innovator
in smart order routing and efficient basket trading, UNX is a leading
provider of software solutions for desktop trading, tactical and
algorithmic execution.
UNX, Inc. Member FINRA/SIPC