Use Case: Fully Managed Trading Infrastructure
As lead traders in large corporate investment firms and banks begin look for more control over their future, many are taking the leap to start their own Proprietary Trading Firms. One such newly formed High Frequency Trading firm, came to CFN Services with a challenge. Their goal was to be up and trading real-time within a 30 day window. They had been working with many vendors to integrate a comprehensive solution that would optimize the trading ecosystem from pre-to-post trade execution. As they dealt with contracts, vendors and many headaches, they requested of CFN to make this process easier so they could focus on their goals and profitability for their multi-asset trading strategy
Solution:
CFN FAST Platform (Financial Application Services Trading Platform) provided the value to this firm that they required, yet the flexibility and control they insisted on. Through the module approach offered by CFN Services, the trading firm was able to pick and choose the areas they wanted to keep in house and areas they wanted to outsource. They did not need to question their buying decisions as CFN is host/carrier neutral picking the best solution for each specific client. CFN also gave them peace of mind by providing the firm a few solutions with the pros and cons of each clearly articulated. The trading firm also did not want to lock up cash in their trading platform, and with CFN Services was able to implement their full solution with little capital outlay.
Outcome:
Utilizing CFN expertise and suite of products, this firm was able to greatly reduce the volume of partners and vendors they needed to negotiate and sign contracts with. This alone provided them the ability to free up to 25 hours a week of the pre-start up time to focus on the core area of the business. The goal to be up and trading within 30 days was accomplished, without divulging proprietary information. The trading firm acknowledged that CFN helped accelerate the development cycle and allowed them to strengthen their place in the market.
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Questions and Answers
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