Technology & Finance
Mantara Offers Variable Cost Structure for High-Freq Trading
Mantara, a provider of advanced technology solutions for high-frequency trading, has launched a new trading entity, MantaraX, which allows sponsoring broker-dealer clients to apply variable costs to their trading technology based on the volume of commission dollars generated from trade executions generated through Mantara’s expressWay. The company has received broker-dealer registration approval from FINRA for the new entity.
MantaraX was established as a ‘non-executing’ broker-dealer to provide Mantara’s sponsoring broker-dealer clients with a technology business model that directly supports tighter alignment of trade execution costs and associated revenue streams. It reduces the broker-dealer’s exposure to fixed upfront expenditures and monthly fees that may not be supported by commission revenue generated by their sponsored clients.
John Power, CFO of Mantara and CEO of MantaraX, said, “We are delighted to provide our sponsoring broker-dealer clients with the ability to custom-structure their participation with Mantara for a solution that best fits their usage model and provides their high-frequency trading clients with seamless access to expressWay’s leading edge execution software. It is innovative approaches such as these that place Mantara at the forefront of the technology providers in our space.”
MantaraX offers clients an additional channel through which to optimize order flow and to benefit from Mantara’s innovative next-generation execution system. More info through
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