Lime Brokerage, a provider of ultra low-latency, ultra high-throughput trading technologies and high-volume agency brokerage services, has purchased Cactus Trading Systems, a high performance multi-asset class trading engine. Through the acquisition, Lime will enable traders to express their trading strategies in code, use the same code to back-test their strategies against historical data, simulate trading against live data, and then move to production trading.
Cactus provides an event-based programming interface for managing market data, which handles all the common calculations that a trader would require. The deal provides Lime with an end-to-end solution that allows traders to develop and implement electronic trading strategies with as much ease and efficiency as possible. Lime will now get a new office in Chicago as well as an increased presence near the futures and options markets.
Click here for the release from Lime Brokerage.