SPOOZ Inc (SPZI)

[Gbathat]

Posted by: Gbathat Date: Thursday, June 19, 2008 6:08:42 PM
In reply to: None Post # of 54293

Article about Spooztoolz in Traders Magazine

(don't recall seeing this posted before, sorry if repeat)

http://www.tradersmagazine.com/issues/20_281/100514-1.html

AlgoServer Expands Buyside's Horizon
By James Ramage

May 2008

Buyside traders seeking more power and control over their algorithm generation and trading strategies have a new helper. Spooz Inc. introduced a new tool, AlgoServer, to accompany its middleware platform for developing and launching algo trading systems, called SpoozToolz. AlgoServer, an application that resides on a server, lets buyside traders create algos on the fly, according to Darryl Dennis, Spooz's chief marketing officer.

But AlgoServer doesn't have to be used by traders. "You can have an OMS database running into it," Dennis said. "You can have a matching engine working with it. You can use a FIX server with it. You can use it to control order flow. You can attach a scripter to it."

Likewise, a broker could load AlgoServer into its server to push algorithms relevant to current market conditions out to buyside clients using SpoozToolz. Brokers could also give the buyside trader a choice of trading with certain algos automatically.

AlgoServer could be co-located at an exchange or ECN's data center. So, a trader can be sitting at home using a low-latency, high-speed algorithm to scalp the market, Dennis said. Meanwhile, the trade execution "is being done server-side." The trader can also adjust that algo from a remote location.

(c) 2008 Traders Magazine and SourceMedia, Inc. All Rights Reserved.

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