GTL deploys RTS algorithmic trading soln

BANGALORE, INDIA: Trading solutions provider RTS Realtime Systems Group has announced that Dubai-based GTL Trading DMCC has successfully deployed RTD Tango for its proprietary trading on the Dubai Gold and Commodities Exchange (DGCX).

GTL Trading, a Dubai-based broker and clearing member of the DGCX, is utilizing RTS' algorithmic trading solution RTD Tango for market making.

According to a press release, the firm is also utilizing the RTS Datacenter Hubs for connectivity to DGCX and additional counterparties.

GTL, which provides execution and clearing services, is using RTD Tango for high frequency two-way market making of gold, currencies and the newly launched cash-settled WTI Light Sweet Crude Oil and Brent Crude Oil Futures contracts.

"We needed a professional solution that takes away the complexity and enables us to quickly deploy our trading ideas; with RTD Tango this has been achieved," said M Riaz Wahla, CEO, GTL.

"We are pleased to have another clearing broker utilizing RTD Tango out of Dubai. The combination of connectivity to DGCX and DME with our algorithmic trading solutions has enabled us to considerably extend our customer base in the Middle East," said Christian Zahm, sales manager, RTS.