Finnet Technologies

ATMonitor Peer Group Launched for Algorithmic Traders

ATMonitor.co.uk today officially launched its new website for buy-side traders with 100 initial members.

 

Bromley, London -- (SBWIRE) -- 03/04/2010 -- ATMonitor.co.uk today officially launched its new website for buy-side traders with 100 initial members. The unique site is designed to offer buy-side traders a one-stop shop for up-to-date information on all the services they use, plus profiles of the providers of those services.

In addition, the site contains proprietary analysis and search and select tools and ‘members only’ forums through which members can contribute and share information, opinions and views with peers, without intrusion from consultants, head-hunters, vendors or the algorithmic service providers themselves. Membership of the site is free but is available to accredited buy-side traders only.

“Buy-side traders work in a highly fragmented structure with only a few colleagues even in quite large investment institutions,” says David Hughes, a director and founder of ATMonitor.co.uk. “Opportunities to compare and contrast services among peers tend to be limited and the flow of information is typically controlled by a relatively small group of vendors in each area of service. ATMonitor.co.uk is designed to address that information asymmetry by giving buy-side traders a central point of information, objective unbiased opinions, analysis and research and a members only forum to exchange and share views with their peers.”

The focus for the launch of ATMonitor.co.uk is on electronic trading services, including algorithms. In the near future it will be adding EMS and OMS vendors, other technology and market data providers, MTFs and ECNs and local research brokers within the areas it covers.

ATMonitor.co.uk expects its membership to grow rapidly as more buy-side traders become familiar with the information available.