Oddo & Cie deploys Chi-Tech trading platform

Independent agency brokerage Oddo & Cie has rolled out an algorithmic trading infrastructure platform from Chi-Tech, the technology services unit recently formed by Chi-X.

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Oddo & Cie deploys Chi-Tech trading platform

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Oddo & Cie has deployed MarketPrizm, an ASP-based algo trading infrastructure designed to help brokerage firms trade effectively and cost-efficiently in European markets.

The vendor says its system provides inbound market data for the firm's selected markets, while Quod Financial, with whom Chi-Tech partnered on the deployment, delivers direct market access and smart order routing functionality.

Chi-Tech will also provide ongoing maintenance and operations support.

Tarak Achiche, COO, Oddo & Cie, says the firm chose MarketPrizm because "it enables us to efficiently and affordably manage our algo trading processes while helping our clients meet their best execution requirements".

Chi-Tech was formed following Chi-X's acquisition in November of dealing technology outfit Cicada, which developed MarketPrizm.

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