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Driven by changes in regulatory requirements at Cboe Global Markets, Blue Trading Systems and Actant have aligned services to offer a compelling new solution for floor and screen traders. Participants leveraging BTS’ flagship product, BTS Edge, will continue to have modeling, risk, analytics and floor capabilities but will now benefit from additional quoting capabilities including RFQ response functionality via Actant.

“Changes in options technology providers drove us to look at our offering and how we could enhance BTS Edge to better meet the needs of today’s traders,” said Kevin Darby, Managing Director at Blue Trading Systems. “We were impressed with the talent employed at Actant and their product suite. After careful consideration, we decided to partner to extend our capabilities and become a more thorough alternative as consolidation in the options space has forced traders to look at new platforms.”

Actant Quote is a safe, fast and reliable quoting engine with features that help traders quote many concurrent products in out right options and complex options orders. Users have the ability to customize quoting and trading strategies as well as participate in auctions and meet obligations. Multiple volatility and pricing models are included with the platform including a library of strategies.

“We were impressed with BTS’ focus on engineering excellence, flexibility and reliability when it comes to their options platform,” said Dan Sacks, CEO of Actant. “Our shared values have brought us together and we look forward to working with BTS to further help traders navigate these evolving markets.”

For more information or to schedule a demo please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

About Actant

Actant provides trading solutions for financial firms trading on the world’s major derivatives and stock exchanges. Actant delivers unique algorithmic programming flexibility and control to proprietary trading and market making firms, investment banks and hedge funds. Designed for both exchange members and non-members, Actant software is fully customizable and scalable to meet individual strategic, connectivity, deployment and integration needs.


In January, we introduced you to the Blue Trading Systems team to show you the people behind our exceptional products. Thank you for taking the time to read our profiles. We hope they helped you get to know us a little better. It would seem we have a diverse range of species on display in the BTS zoo, including: a Buddha, a King Cobra, a Unicorn, a Vampire, two Crocodiles, two Dolphins, a Goat, a Cheetah, a Tiger, an Octopus, a Mantis Shrimp and an Alpine Swift!

But our personal greatness does you no good, so we invite you to learn more about our products, which quite possibly will. BTS Edge is our advanced, intuitive trading system for options market makers, proprietary trading groups and brokers. BTS Spark is our new futures trading solution, furnishing traders added control over server hardware, better support from vendor partners, and lower latency with an FPGA option.

While relegating your trading application to the cloud might make sense for traders less concerned with security, speed and accountability; we offer an alternative for those unwilling to relinquish control to this nebulous, anonymous hardware platform. By collaborating with hosting vendors staffed by professionals familiar with the standards demanded by professional traders, we offer superior performance, reliability, and support, at essentially zero additional cost.

Please give us a call at 919 913 0850 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it. for a demo or more information about our products.

Also, follow our blog for updates about our products, team and partners, and industry conference reports. We have been active in the options community for over twenty years. Now, as we introduce our futures system, BTS Spark, we look forward to getting to know futures traders and their colleagues.


Blue Trading System’s is a family of traders, technologists, innovators and committed professionals. The women and men that work here want to build something that not only meets demand but advances the industry. We are sharp, loyal and strategic.

Through 2018, we wanted to highlight the people behind the name. These are the ones applying their knowledge, dedicating their time and investing their money in Blue Trading Systems. We invite you to learn more about the people building our solutions.


Brian Muhr
What is your name, title and responsibilities at Blue Trading Systems?
Brian Muhr, Director of Sales, leading the sales effort of BTS offerings amongst various other things that come with it. As previously mentioned by a variety of colleagues, everyone wears many hats, but all work towards a common goal of providing the best trading software from all angles.

How did you get into this field of derivatives trading? Trader or technologist?
Technologist, my first “civilian job” upon coming back to Chicago was with Blue Capital Group. Prior to that I was with the US Army stationed in Germany, doing tours in Iraq and Afghanistan. I recall in my interview that they were looking for someone good in a potentially hostile environment, which was a perfect fit for me. At Blue Capital Group, in which Blue Trading Systems spun off, Jake and I were the primary support and operational team for all things technology related. It’s really great working alongside him again as well as everyone else in Chapel Hill, and Chicago.

From your perspective, can you describe the relationship between BTS and its clients?
It’s incredibly close as clients should expect when it comes to their technology providers. Clients sleep well knowing it’s not just another ISV, but a partner providing the best tools on the market for trading.

How has BTS evolved since you started at the company?
Going back to the Blue Capital days, it’s a huge change as it’s commercially licensed software instead of simply developed in house for one client. With the movement to the Spark futures system BTS can apply lessons learned from the Edge system which is evolving nicely.

What are a few challenges the industry is currently facing?
There are variety of issues currently in the industry, but the biggest thing might be the versatility of software to handle major changes no matter what they are. Also, the inter-communication amongst firms so that everyone is on the same page with major changes is still a work in progress and really separates software providers.

What is your favorite piece of advice regarding trading, technology, the markets, leadership?
cheetah
Having thick skin and not just working hard but being very good at what you do. I truly love in the industry that if you aren’t really, really good at what you do, you won’t be around for long. It might sound a bit cut throat but it’s totally true, it’s not for the faint of heart.

If you had to pick, what animal would you be and why?
That’s easy, the cheetah, it’s the fastest

Blue Trading System’s is a family of traders, technologists, innovators and committed professionals. The women and men that work here want to build something that not only meets demand but advances the industry. We are sharp, loyal and strategic.

Through 2018, we wanted to highlight the people behind the name. These are the ones applying their knowledge, dedicating their time and investing their money in Blue Trading Systems. We invite you to learn more about the people building our solutions.



What is your name, title and responsibilities at Blue Trading Systems?
Name: John Colvin
Title: Software Engineer
Responsibilities: Front-end, UI design

How did you get into this field of derivatives trading? Trader or technologist?

Before working at BTS, I was neither trader nor technologist, but after graduating from UNC with a music degree in 2011, I needed a job. I have always enjoyed solving puzzles, and took a few comp-sci courses in college, so computer programming seemed a natural fit. Getting a foot in the door at BTS was easy - my dad, John “Trevor” Colvin Sr., is the CEO. And so it began.

The workplace environment at BTS, rich with highly-skilled and experienced programmers, could not have been a better a place for me to hone my craft. Taha, in particular, took me under his wing, and helped me develop into a soldier of the BTS dev army.


From your perspective, can you describe the relationship between BTS and its clients?

As a smaller company, we are able to provide the intimate support our larger competitors can’t. Our support team has been here for a long time, and has the robust knowledge of our system that only comes from years of experience. Support and devs work in lock-step, so any technical questions or concerns a client may have will receive expert-level feedback, straight from the software engineer who actually designed that part of the system.


How has BTS evolved since you started at the company?
We’ve had our share of growing pains over the years. Formerly Blue Capital Group, we learned the differences between designing software for our own traders (in house), from designing software to be licensed out to various clients, each with their own requirements. However, we do not have any regrets. “Legacy code” may have stifled our progress for some time, but it also gifted us the experience necessary to make the superb product we proudly call “Spark.”

What are a few challenges the industry is currently facing?
I’m not actually a trader, so take my answer for what it’s worth. I think the biggest challenge is the unknown. AI is just a tiny bud, getting ready to blossom into something we have never seen. Quantum computing might not even be a bud yet, but it is definitely a seed, and it will change everything. Everything. we do. I also don’t think people are as scared of crypto-currency as they should be. Google “what will quantum computing do to cryptocurrency” if you are interested.

What is your favorite piece of advice regarding trading, technology, the markets, leadership?
crocodile
“Have a plan.” - It’s very simple, good advice usually is.

If you had to pick, what animal would you be and why?
That’s easy: Saltwater Crocodile.
  • They don’t need anything from anybody
  • They are highly intelligent
  • When the plague of all plagues descended upon the earth some 60 million years ago to wipe out the dinosaurs and clean the slate, crocodiles evaded God’s eraser
  • They have solar panels on their backs
  • They will stalk their prey for weeks, as though they were all trained in the special forces, learning everything about it’s routine, crafting a perfect plan of assault
  • Their heads/bodies are designed for absolute stealth hunting, as they stalk their prey, the crocodile is almost invisible above the surface, only showing it’s eyes, and nostrils
  • Everything about them is pure efficiency
  • their jaw clamps down on prey with 3700 psi of pure stopping power; however, absolutely no muscle is wasted on its ability to open it (that would be more biomass to feed)
  • when they prepare to strike, they sit very still, and let all the blood in their bodies rush to their jaw and tail (the main muscles that are used to strike). They shift several baseball sized rocks (which they have swallowed for this purpose) to the back of their stomach to set their bodies at the ideal angle for attack
  • I could go on and on...

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