THETA aims to build a cloud-based SaaS platform that will lead the revolution to redefine trading technologies in capital markets for institutional investment manager.

Abstract

**Unmet Need**

The combination of fee competition, rising costs and asset growth is creating never-before-seen pressures on asset managers. Within the last few years, there has been a clear trend towards greater 'electronification' and more automated trading in the financial markets. Aggregated pre-trade information and pricing is critical to smart context-based investment decision making. There is a clear need in innovations that would increase connectivity of investment managers to banks in terms of pre-trade information (Fixed Income Leaders' Summit Oct/2019).

**Solution Proposed**

THETA was founded by Abdullah Hiyatt, a trading solutions architect and consultant, Paul Wallace, a head of trading, and Peter Meddemmen, a trading systems technology chief. THETA is solving a substantial inefficient outdated trading systems need that could lead the revolution to redefine trading in capital markets. THETA solution includes:

* Support for multi-asset trading covering Currencies, Fixed Income (Bonds), and Equities (Stocks) products.
* Aggregation of trading channels by connecting directly to the banks in addition to trading venues.
* Support for multiple trading models and strategies.
* Aggregated pre-trading information

This industrial research project aims to assess feasibility of creating a cross-platform chat messaging broker interoperating with standard enterprise messaging tools and underlying technology stack, to assess regulatory requirements, and to prepare for launch.

Lead Participant

Project Cost

Grant Offer

THETA TRADING SYSTEMS LIMITED £498,319 £ 348,823
 

Participant

INNOVATE UK

Publications

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