Elysium expands reach to help guide crypto processing evolution
June 26, 2018
Ed Mount joins CRYPTALGO after launching a cloud technology, post-trade services firm, Elysium Technology Group.
He has formerly worked in FX trading at Nomura and Royal Bank of Scotland, but now specialises in automated database technologies, including blockchain and its application to FX, futures and crypto trading.
CRYPTALGO develops crypto brokerage, algo-trading, custody and investment for financial institutions. Its platform connects global cryptocurrency exchanges and looks to consolidate liquidity to offer firms the best price and best execution services for high-volume trading.
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Elysium partners Cryptalgo to build cryptocurrency trading platform
April 3, 2018
Elysium Technology Group (Elysium), the U.S.-based leading innovator in trade processing solutions for Foreign Exchange and Futures, and CRYPTALGO today announced a strategic partnership to introduce cryptocurrency trading solutions to financial institutions.
CRYPTALGO is a Swiss-based fintech company specialising in high-end cryptocurrency brokerage services, algo-trading and cryptotrading for financial institutions.
Together, Elysium and CRYPTALGO will deliver a unique and comprehensive cryptotrading solution to Elysium’s clients, who currently trade $500 billion to $1 trillion of FX and futures every month through Elysium’s platform.
To address fragmentation issues within the crypto market, CRYPTALGO has developed its Galaxy ‘backbone’ infrastructure which connects global cryptocurrency exchanges and consolidates liquidity to offer financial institutions solutions such as “best price” and “best execution” uniquely designed for high-volume trading.
Andrew Siciliano, Chairman of Elysium Technology Group commented:
“In FX trading, money-making opportunities come and go very quickly. We believe this will be the same in cryptocurrency trading, and thus our mission is to build cryptocurrency trading functionality into our one-stop-shop platform and to integrate swift and best-execution capabilities. We believe CRYPTALGO has the knowhow, experience, and execution platform complementing the Elysium offering. The partnership is designed to deliver a comprehensive, high-end cryptocurrency trading solution for our clients.”
Francisco Portillejo Hoyos, CEO of CRYPTALGO added:
“We are delighted that Elysium, the market leader in FX post-trading platforms, has chosen to partner with CRYPTALGO as it looks to extend its offering into cryptocurrency trading. We see this partnership as another significant step in establishing CRYPTALGO as the de-facto high-volume crypto trading gateway for financial institutions as well as a liquidity aggregator.”
Interest from institutional investors for cryptocurrency trading continues apace in 2018, with the rising popularity of Bitcoin, alt-coins, ICOs and the launch of Bitcoin futures products at the end of 2017 by major exchange operators Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE).
Current estimations predict that the value of the entire cryptocurrency market will reach $1 trillion in 2018, with crypto the fastest growing asset class to date.
Elysium Technology Group named Top 10 Trading Platform Solution Providers by Capital Markets CIO Outlook
February 15, 2017
Elysium Technology Group (ETG) was named one of the top 10 trading platform solution providers by Capital Markets CIO Outlook. Look for ETG Chairman Andrew Siciliano’s in-depth interview of Mission Control’s cutting edge capabilities in the February 15 issue of CIO Outlook.
TradeTech FX 2017 Miami Florida
Feb 13-15, 2017
TradeTech FX is the only global annual meeting for institutional senior level FX buy side traders. Attend to discuss the growth of trading technology and automation and successfully overcoming market structure and regulatory challenges. Look for the Elysium Technology Group team at this world class event.
For more information about the conference, please go to: http://tradetechfxus.wbresearch.com/
Elysium Technology Group and TradAir, jointly develop seamless integration solution
May 17, 2016
—Chicago, IL and New York, NY—Leaders in the FX industry, Elysium Technology Group (Elysium) and TradAir, are proud to announce a new alliance that brings a fully integrated, next generation front to back FX solution to the industry.
Elysium, an innovator in exceptional post-trade technology, integrated its middle and back-office solution, Mission Control, with TradAir, a leading provider of cloud-based front-office e-FX trading optimization solutions. Together, they deliver a unique and mutually enhanced offering to sell and buy side customers.
Several clients are now live on the combined integration between TradAir White Label Solution + Elysium Mission Control, which have already made a significant impact on their businesses.
Douglas Borthwick, Managing Director, Head of Foreign Exchange at Chapdelaine & Co, speaking about the seamless integration added that;
“As a leading FX agency broker, efficient post-trade services are hugely important to us, and we been really pleased that ‘out-of-the-box’, the Elysium and TradAir, execution plus post trade integration has worked without any issues.”
In terms of the overall partnership between the two companies;
Brian Andreyko, Head of Strategy and Corporate Development at TradAir commented;
“Elysium Technology Group is an ideal partner for TradAir, as we are both dedicated to providing innovative technology and can combine our respective expertise to create superior front to back FX solutions. We anticipate a strong and mutually beneficial relationship as we deliver best in class solutions to the FX community.”
Elysium and TradAir both leverage cloud based solutions, making integration and working together a natural fit. Both platforms are delivered through a hybrid-hosting model residing in the Amazon cloud and Equinix data centers ensuring high availability and low latency.
Roque Castro, Head of Business Development for Elysium, added;
“We have found tremendous synergies between our business strategies and FX technology solutions. I am confident that we can both add value to each other’s client offerings. Like Brian, I look forward to developing our alliance and bringing together our talent and proficiency to take advantage of new market opportunities.” The companies will work together to aggressively expand their coordinated roll outs throughout 2016.
Elysium Technology Group Proud to be a Sponsor of the EMFX Trading Summit NYC
May 1, 2016
The EMFX Trading Summit in New York will focus institutional FX trading and trading technology with a focus to tap into fast-growing FX electronic emerging economies such as Russia, China and Southeast Asia. We’re expecting around 125 senior FX trading professionals, half of whom will be represented by Senior Traders and Heads of Trading from long-only asset managers and hedge funds. Other senior FX trading professionals will come from banks, brokers, platforms and solution providers.
More information about the EMFX Trading Summit can be found at: http://emfxevents.com/
Elysium Technology Group Announces Domestic and International Growth
April 18, 2016
—Chicago, IL—Elysium Technology Group (Elysium) began 2016 with five new institutional clients which expands their footprint in Chicago, London, New York and Australia. The new portfolio of clients will benefit from recently added innovative workflows to support the new risk management landscape and regulatory reporting requirements in both the U.S. and Europe. Internally, Elysium added new members to the account management, support and development teams to maintain high client service satisfaction.
Andy Siciliano, Chairman and CEO of Elysium commented, “We dedicated our resources to significant technology enhancements throughout 2015 that were both client driven and industry driven but always on the leading edge. We are confident that the latest version of our enterprise solution, Mission Control, will exceed our newest clients’ expectations and we anticipate meaningful client growth over the next year.”
Scalability and seamless onboarding tools are prominent client benefits of the newest version of Elysium’s Mission Control solution. In as quickly as 24 hours a new Elysium client will have a functional system that they can use to book trades, view live Positions, P&L, Risk and generate mission critical reports. Elysium’s development team works with clients individually to get them integrated more quickly than ever before.
The FX industry continues to mandate regulatory compliance. An additional enhancement of Mission Control includes more regulatory features as well as surveillance and code of conduct features that meet the compliance rules and regulations of the FX industry.
Elysium Technology Group Sponsors Soap Box Derby Super Kids Car
June 22, 2015
Elysium Technology Group proudly sponsored a Super Kids car for the Culpeper, VA Soap Box Derby. The Super Kids division is for children with special needs and, thanks to this race division, all of the participants get an experience that would normally not be possible. A group of experienced drivers pilot the cars with the Super Kids riding next to them as they speed down the track. Check out the video to see how awesome the event is.
Elysium Technology Group Announces Domestic and International Growth
January 31, 2014
Elysium Technology Group (ETG) begins 2014 with six new institutional clients which expands their footprint into London, Israel, Hong Kong, Malta and New York. The new portfolio of clients will benefit from recently added innovative workflows to support the new regulatory reporting requirements in both the U.S. and Europe. Internally, ETG hired new members to their development team to maintain high client service satisfaction.
Roque Castro, Head of Sales and Business Development of ETG added, “We dedicated our resources to significant technology enhancements in 2013 that were both client driven and industry driven but always on the leading edge. We are confident that the latest version of MPT Tracker and Mission Control will exceed our newest clients’ expectations and we anticipate meaningful client growth over the next two quarters.”
Elysium Technology Group Introduces Fill Station
February 5, 2013
Last summer, Elysium Technology Group (ETG) quietly soft launched a new technology solution focused on post trade workflows, ETG Fill Station. ETG recently completed the beta phase with a large intuitional broker-dealer and this month released a new version of Fill Station available immediately for all active ETG clients. ETG Fill Station was developed to significantly improve trade monitoring for the front office and is the latest innovation in exceptional post trade processing solutions for the foreign exchange and futures industries.
ETG Fill Station takes care of downstream reporting, ticket netting, order aggregation, cancel rebooks and trade allocation. It binds to multiple execution platforms through processing servers that write fill information directly to the application data store Because there is a direct path, users have the ability to see their positions across multiple platforms while working on orders, without interruptions from necessary middle back office trade flow requirements.
Mark Rosenfeld, Chief Technology Officer of ETG stated, “Prior to Fill Station, it was not uncommon for the front office to wait 20 to 30 seconds for their most recent positions. ETG Fill Station makes front office booking and back office clearing even easier. Knowing your position mid-execution across multiple platforms can help you leverage your liquidity and get the best order fill information available.”
ETG’s MPTracker Suite of Products provides complete FX post-trade processing, risk management, and customized client reporting to institutional FX market participants including Hedge Funds, Banks, Asset Managers, CTA’s and Proprietary Trading Firms. ETG clients that already utilize ETG’s Mission Control can now add Fill Station as a premium service.
Elysium Technology Group to Speak at Upcoming Fintech Connect Event
November 23, 2012
Elysium Technology Group (ETG) was selected to participate in the FinTech Connect Event, a program hosted by Loeb & Loeb LLP, Financial Technology Holdings and the Association of FinTech Professionals. This networking and investor feedback event is for the financial technology industry and features presentations by select financial technology startups.
ETG joins presenting companies, Bridgetrade, Dealflow Analytics, TrendLens and venture capitalist Jordan Bettman from Bain Capital Ventures. ETG will discuss their in-house products that enable FX and Futures market participants access to post-trade processing, risk management, and customized client reporting.
Elysium Technology Group CEO to Speak at Upcoming Financial Technologies Summit
September 21, 2012
Elysium Technology Group CEO Andy Siciliano was selected as a panel participant for the Rosenblatt Securities’ 4th Annual Financial Technologies Summit. The conference consists of three panels featuring C-level executives from innovative financial technology companies who will share their insights about an array of critical issues facing capital markets. The Summit will help private equity investors, corporate strategy executives and others to better understand the areas of market-data infrastructure, pre-trade processing services and post-trade processing services.
Siciliano will join three panelists to address “Post Trade: The New Capital Markets Battleground”. As an innovator in exceptional post-trade processing solutions for the foreign exchange and futures industries, ETG will bring the FX technology perspective to the conversation.
The Rosenblatt Securities Annual Financial Technologies Summit will be held Friday, October 5th at the New York Helmsley in New York City. All Rosenblatt Securities events are by invitation only.
Managed Futures Market Now Served By Elysium Technology Group
May 24, 2012
Elysium Technology Group (ETG) revealed a new strategic direction for the company that furthers its proprietary and cutting edge technology solutions into the Managed Futures market. Expanding into a new asset class reinforces ETG’s position as a leader in innovative and exceptional post trade processing solutions. The company completed a beta phase at the end of 2011, upgraded five clients to the full scale solution and recently hired industry expert George Shinn to spearhead further growth.
Roque Castro, Head of Business Development and Sales at ETG commented, “We are excited that Shinn is now leading Managed Futures Sales at ETG. We know his 15 years of industry experience in Managed Futures and professional network will provide terrific insight for our business.” Previously, Shinn was the Senior Vice President of Institutional Business with FIXI, LLC identifying talented FX traders for potential allocations and developing institutional brokerage relationships in the US and abroad.
Last year’s redesigned architecture of ETG’s MPTracker Suite of Products with MongoDB, was a first in the Foreign Exchange industry and was one step towards branching out to proprietary traders. “We are taking full advantage of Mongo DB and we upgraded our futures capabilities to fall into the new architecture environment,” commented Mark Rosenfeld, CTO of ETG. “We’ve essentially combined FX and Futures into one robust solution that can serve a broader audience.”
“The new version was designed to service different types of clients from introducing brokers to commodity trading advisors,” said Shinn. “We can serve a variety of investors from a single portal which is a real benefit to ETG’s clients.”
Businesses utilizing multiple clearing firms will see a real change in their day to day operations. The new portal is a seamless way to access FCM’s in a centralized environment which is essential. Another advantage to ETG’s portal is the real time control and access to data. In the Managed Futures market, it is not uncommon for traders to access five different sites to retrieve necessary information. ETG removes this step by providing real time control through a centralized window.
ETG’s MPTracker Suite of Products provides complete FX post-trade processing, risk management, and customized client reporting to institutional FX market participants including Hedge Funds, Banks, Asset Managers, CTA’s and Proprietary Trading Firms.
Elysium Technology Group Moves Software to “The Cloud”
May 14, 2012
Elysium Technology Group (ETG) completed the next evolutionary step in software architecture by moving away from common co-location hosted solutions to a true cloud environment leveraging Amazon EC2. The groundwork began in 2011 when ETG needed to quickly respond to significant product usage that resulted in exponential growth in transaction volumes in a very short period. Now all clients are experiencing the new cloud environment and advantages such as scalability, rapid failover, cost savings and a nimble development environment are changing the way ETG conducts business and earns new clients.
FX Mission Control, ETG’s flagship application and 100% cloud-based, provides a venue neutral ticking dashboard for the monitoring of live positions, trades, credit, reconciliation and P&L across multiple prime brokers and execution platforms. Lee Ratner, Managing Director, Cantor Fitzgerald commented, “It [FX Mission Control] is the center of our universe, our central nervous system for our business. We use it to distribute trades to prime brokers, internal accounting systems and to monitor live credit and risk.”
Previously, clients’ increased volume forecasts resulted in significant human capital as it often took several weeks to order, stage and install new hardware. Overly aggressive forecasts resulted in expensive hardware that lay idle. Thanks to the processing power and on-demand capabilities of “the Cloud”, ETG provides necessary CPU and disc space for anticipated business spikes in less than five hours. ETG cut hosting and operational costs and immediately improved efficiency.
“Latency in post-trade capture was our concern in moving to the cloud, since everything is internet-based instead of direct cross-connects,” said Mark Rosenfeld, CTO of ETG. Through smart development, implementing the latest in web and database technologies, and building custom APIs, ETG achieved real-time trade capture and reporting that is within acceptable latency tolerances of milliseconds from point of capture to entry into the MPTracker database. “This is truly revolutionary and we are on the forefront of what will become the norm in years to come”.
Exceptional products and bespoke client solutions are the pillars of ETG’s growing client base. “We heard about ETG’s excellent customer responsiveness and we knew we needed to partner with them,” said Jackie Schnetzer, VP of Product Development, BGC Partners. ETG tailors FX Mission Control deployment to the client’s connectivity and integration requirements. It provides trade capture from various execution platforms and manual entry, plus complete STP to their prime brokers, administrators and internal downstream systems.
MongoDB Architecture Released
June 29, 2011
—Stamford, CT—Elysium Technology Group (ETG), an innovator in exceptional real time technology solutions, redesigned the architecture of their MPTracker Suite of Products with MongoDB, a first in the Foreign Exchange industry. They envisioned leveraging technology that large scale transaction based businesses like Foursquare and TopTwitterTrends rely on for their day to day business operations.
“Typically you don’t hear about the Foreign Exchange and social networking businesses using the same technology platform.” said Mark Rosenfeld, CTO of ETG. “We made a pioneering decision over 10 years ago that a trading business should operate in the cloud, which is all you hear about on business television today. We’ve always embraced new ideas and kept a close watch on new technology outside our own world. Evolving businesses require breakthrough technology. We consider ourselves innovators and we strive to re-invent ourselves and our products to meet the uncompromising requirements of our clients.”
Ed Mount and Andy Siciliano uncovered a real business need while running a private trading operation in 2002. They searched third party vendors and traditional banks for software services for their business. “We found a dearth of availability for systems specific to the Foreign Exchange, yet flexible enough to grow with our firm at an affordable price,” said Ed Mount, President and CEO of ETG. Development for MPTracker was soon on its way. Mount, a practiced trader with experience managing large derivative businesses, structured the architecture of the original MPTracker from a front office perspective, while including forward-thinking planning to adapt to the ever-changing reporting requirements of a first rate trading business.
The MPTracker Suite of Products provides complete FX post-trade processing, risk management, and customized client reporting to institutional FX market participants including Hedge Funds, Banks, Asset Managers, CTA’s and Proprietary Trading Firms. MPTracker Version 3.0 can handle over 100,000 daily transactions for one client thanks in part to the powerhouse of MongoDB.
MongoDB (from “humongous”) is a scalable, high-performance, open source, document-oriented database. The core design of MongoDB aligns impeccably with the strong values of Elysium Technology Group and their products: exceptional performance, agile development and speed.
“Three months ago we were discussing enhancements for MPTracker over coffee and I started taking notes on my napkin,” said Lo Shih, VP, Enterprise Software at Elysium Technology Group. “The idea of nimble technology that could handle billions of transactions got me thinking about a whole new way to structure our backend. We built MPTracker from the ground up and so I know all of the moving pieces; MongoDB allows us to put a first class application at our clients’ fingertips.” Rosenfeld and Shih have worked together on technology development for over 15 years and both come to the table with in-depth know-how of the financial services industry. “To write technology as complex as this we need to know the financial industry just as well as if not better than any trader,” said Shih.
Cantor Fitzgerald was the first client to move to Version 3.0 of MPTracker with MongoDB and Managing Director of Foreign Exchange, Lee Ratner, was impressed with the upgrade. “We have been a client of ETG for a year and a half and we chose them because they are at the leading edge. “[Version 3.0 of MPTracker] is faster, better and well thought out. It is an even more flexible system.”
Elysium Technology Group and Logicscope Enter Technology Alliance
June 6, 2011
Enhanced post-trade efficiency for Hedge Funds and Prime Brokers
London – 6 June 2011- Elysium Technology Group (Elysium), an innovator in exceptional real time technology has entered into an alliance with Logicscope Limited, a leading provider of post trade solutions to financial institutions and market participants, to deliver mutually-enhanced post trade solutions to sell and buy-side customers.
Built from the ground up, Elysium’s MPTracker suite of products provides a complete FX post-trade processing, risk management and customised client reporting solution to institutional FX market participants including Hedge Funds, Banks, Asset Managers, CTAs and Proprietary Trading Firms. Its latest application, FX Mission Control 3.0 – a live cloud-based dashboard supporting any FX operation -delivers more leading edge technology to the industry.
Logicscope’s award-winning TradeSTP suite of post trade solutions connect the world’s trading venues (banks, ECNs, exchanges, aggregators) with their customers (banks, hedge funds, asset managers, corporates), delivering superior front to back STP solutions. TradeSTP delivers seamless, guaranteed deal notification of multiple traded assets (FX, metals, futures and options, equities, interest rate, fixed income and exchange traded instruments) from over 50 trading venues to over 850 customer side middle and back office applications.
Ed Mount, co-founder of Elysium Technology Group, added: “There is a lot of synergy between our business strategies and technology solutions and I am confident that we can each add value to the other’s client offering. Like Nick, I look forward to developing our working relationship and combining our talent and expertise to leverage new market opportunities.”
Nick Dyne, Logicscope founder and Head of Business Development said: “Elysium Technology Group is a natural partner for Logicscope. We are delighted to have the opportunity to combine our respective expertise to create superior front to back connectivity and workflow solutions. In particular, we look forward to realising the benefits arising from our mutual distribution agreements to offer enhanced solutions to the Hedge Fund and Prime Broking communities.