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BTS Algo Studio is a high performance, low latency library that enables traders to fully customize their trading style.  Within the robust, recently-launched BTS Algo Studio, traders have the ability to combine basic algo building blocks together as well as compose their own algos written through the BTS API. We sat down with BTS Sales Director Brian Muhr to learn more about the customization capabilities, who would benefit most from leveraging this resource and how speed played a role in the development of BTS Algo Studio.


The Tao of Queue Position

Blue Trading Systems works closely with BornTec to provide professional traders with reliable access to ultra low latency futures trading software delivered via Born’s private, global financial network. This week we took the opportunity to guest blog on BornTec’s new website about some of the principles through which we developed the BTS Spark project such as such as quality, extensibility and speed. We understand the critical importance of speed and how quicker response times lead to better queue positions, which then translates to more positive trading P&L.  We invite you to visit Born’s new website and read more about what we thought about when building the BTS Spark futures trading platform.


BOCA RATON, FL, March 13, 2019 — Blue Trading Systems today announced the addition of BTS Spark Lite to their derivatives offering. Committed to continuing a software evolution, BTS is delivering significant speed and cost benefits to their dedicated customers with their new futures trading solutions. With BTS Spark Pro priced at $1200 a month, users will soon be able to leverage the lite version for half the cost at $600.

The full BTS Spark platform features a 5-15 microsecond spreader, an API to create custom algos and the following algos included: Cover, Iceberg, Join, Lean, and Trigger, with VWAP, TWAP and more algos coming soon. Descriptions of some of these algorithms can be viewed in more detail on BTS’s website.

BTS Spark Lite provides control and transparency. It includes a 5-15 microsecond suite of pre-compiled algorithms and is geared towards users who do not require the spreader or the more advanced algos offered in the Pro version.

With connectivity immediately available to the CME Group, BTS will expand their offering to include ICE at the end of Q1 2019.

“Our BTS Spark offerings are the most cost-efficient solutions for verifiably better fill quality available today,” said Kevin Darby, Managing Partner at Blue Trading Systems. “We look forward to expanding our exchange connectivity offering to include ICE and working with futures traders to gain that competitive edge.”

About Blue Trading Systems

Blue Trading Systems builds practical, efficient solutions to complex problems presented by today's capital markets, offering high-performance, robust trading platforms for sophisticated derivatives traders.

Media Contact:

Melissa Souto
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+1 312 898 1275

Sales Contact:

Brian Muhr
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+1 919 913 0858


Now that we have had significant time with BTS Spark in production, we wanted to go over some of the features and functionality that are creating a buzz within our customer base.

BTS Spark is unquestionably the fastest off the shelf futures trading platform. We have heard from customers that have switched to our platform, that they are competing with a completely different set of players because of the speed of our solution. We also provide unrivaled user control and transparency of timings, while keeping proprietary trading algorithms private.

Please read more below about our 15-microsecond futures spreader offering better fill quality, as well as and a growing library of algorithms users can leverage.

Spreader

Spreader Options

One of the main features our customers take advantage of is the ability to manage and create Synthetic spreads.Traders can create synthetics from scratch with an unlimited amount of legs specifying quantity, price ratios and overall pricing for the spread.

Additionally, you can further customize the spread with throttles as well as pre and post hedge inputs based on a variety of parameters. These include, Pay Less and Pay Up, both of which utilize the depth of the book and can be based on ticks or ratios to define your tolerances. On the post-hedge side, there are 3 customized inputs that will cross or complete the spread based on either ticks, time, or size

BTS Algos

BTS Spark also includes a robust list of algorithms that are composable with your own algorithms. This unique feature enables users to leverage a growing list of constantly updated algorithms that our expert engineers developed based on traders’ input. By composing our algorithms with their own, our customers are able to leverage our expertise.

Below, we explain the algos that come "out of box" with the BTS Spark platform.

Lean
The goal of the lean order is to watch the opposite-inside market size and cross when that size goes below the threshold. Lean will also chase a specified number of ticks if the market trades away from you. Lean Algo Order
Join
Join Algo Order

The goal of the join order is to watch the opposite-inside market and join when the market flips and has at least threshold size.

Cover
Cover Algo Order

A Cover order’s purpose is to fire a hedge order (of any algo-type) in response to fills from it’s child order on the opposite side of the market N ticks away.

Oco
Oco Algo Order

An OCO order creates a relationship between a child order and a 'stop' or 'other' order such that when one of these is cancelled, both cancel, or when one is filled, the other order's size is debited in the amount of the fill. Composing this order with Cover simulates scalping functionality.

Top
Top Algo Order

The top order specifies a quantity threshold; if the order is at the top of the book, and the quantity remaining falls below the specified threshold, the order will be canceled.

Conclusion

BTS Spark is the lowest latency vendor futures platform available today with verifiably better fill quality. We have a plethora of features and functionality in production to continually help customers gain a competitive edge in futures trading.

If you are looking for an alternative solution you can host in your own data center, with lower latencies and and a growing algo library; please reach out to us for more information about BTS Spark.


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