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Friday, 02/08/2008 11:39:29 AM

Friday, February 08, 2008 11:39:29 AM

Post# of 99167
Spooz, Inc. Launches AlgoServer
Algorithmic Trading News from Automated Trader Magazine

http://www.automatedtrader.net/algo-trading-news-1080.xhtm

Paul Strickland , Spooz CEO: "AlgoServer means Brokers can empower customers as never before." "AlgoServer means Brokers can empower customers as never before," said Paul Strickland the Spooz CEO. "Traders can easily migrate and adapt open source spreadsheet templates to a variety of other markets and asset classes without a programmer. The ability of the Broker to deploy templates will contribute to the growth and activity of the Broker's customer community by differentiating the new services provided to trading customers."

AlgoServer also incorporates smart order routing. For example, AlgoServer would route orders to achieve the best "fill" price for those securities trading at more than one exchange or venue. Internal crossing of orders by Brokers and Institutions is also supported by AlgoServer.

AlgoServer has already been deployed to selected brokers and 3rd party developers providing them with all the speed and reliability of a conventionally programmed language (including C++ and Linux) thereby fueling growth in new markets for SpoozToolz add-ons and algorithmic trading systems.


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