• 
  
  • What We Do
  • How It Works
  • Why It's Different
  • How It's Deployed
  • Architecture
  •  
• 
  
  • Overview
  • Capital Markets
  • Foreign Exchange
  • Algorithmic Trading
  • Retail Inventory
  • Logistics
  • SOA/Network Monitoring
  • RFID/Sensor Networks
  •  
• 
  
  • Background
  • Management Team
  • Investors
  • Customers
  • Partners
  • Careers
  • Awards
  •  
• 
  
  • News Coverage
  • Events
  • Announcements
  •  
• 
  
• 
  

Truviso and Hotspot FX Team to Deliver Comprehensive Algorithmic FX Trading Solution

Joint Solution Enables Transparent, High-Frequency Trading in FX Marketplace

FOSTER CITY, Calif., November 27, 2007—Truviso, an innovator in real-time decision control software, today announced that it has teamed with Hotspot FX, which operates leading spot foreign exchange ECN marketplaces, to bring the first true algorithmic, ultra-low-latency trading solution to FX traders. FX traders will now be able to develop, test, and implement proprietary trading strategies using historical and real-time data from liquidity, through decisioning, to trade execution. The partnership provides Truviso customers with access to one of the largest sources of FX liquidity, while enabling Hotspot FXi customers to dramatically enhance their visibility into the FX marketplace with a highly sophisticated platform that provides integrated analytic and visualization capabilities.

"With Truviso, our customers can fully realize the advantages of the Hotspot FXi platform," said Keith Lite, director of business development at Hotspot FX, Inc., a subsidiary of Knight Capital Group, Inc. "The comprehensive nature of this joint solution is perfectly suited to power the complex algorithmic trading strategies that are transforming the FX markets."

The two companies are bringing to market several joint solutions that can be deployed individually or in conjunction with each other. The offerings include a real-time data analyzer that can continuously run SQL queries against the entire Hotspot FXi data feed for near zero-latency analysis, a historical data download facility with full-tick historical data for back-testing and validation, and an automated order processing engine that executes trader-entered or automated trades with continuous monitoring of executions and P&L results.

"Together, Truviso and Hotspot FX are delivering an end-to-end, closed-loop system that can be easily configured to any trading style or strategy," said Boyd Pearce, Truviso's president and chief executive officer. "For the first time, FX traders will be able to capitalize on arbitrage opportunities and gain pricing advantages in an anonymous, transparent, neutral marketplace, based on their unique strategies and trading acumen."

Truviso's unique combination of real-time event processing with conventional data analysis makes it the only FX trading solution to support algorithm development, testing, execution, and evaluation on the same platform. The Truviso engine continuously executes thousands of concurrent SQL-based queries against multiple, live pricing feeds. Traders gain the widest range of analysis capabilities available, and can execute many different algorithmic trading strategies simultaneously with sub-millisecond latency. The integrated historical data repository enables data analysis, trend detection, back-testing and other functions. Statistical models and algorithms created in a variety of development languages can also be compiled and run in real time.

The joint Truviso/Hotspot FXi trading solution is available immediately. For pricing and other information, contact Truviso at (650) 242-3500 or visit www.truviso.com.

About Hotspot FX Hotspot FX, Inc. operates leading spot FX ECN marketplaces for institutional and retail market participants respectively. Both marketplaces support client bidding and offering, and anonymous, instantaneous, direct-access trading on live, executable, prices streamed by leading foreign exchange banks and financial institutions. Trades executed on Hotspot FXr, the company's regulated platform, are cleared through its US-registered futures brokerage. Trades executed on Hotspot FXi, Hotspot FX's institutional marketplace, are cleared through a network of top-rated clearing banks and prime brokers.

Hotspot FXi is the top-rated multibank FX trading platform in the key execution speed category of the 2007 Euromoney Foreign Exchange Survey. It has won this award for three consecutive years.

Hotspot FXi and Hotspot FXr provide connectivity to trade and order management systems, market data vendors and other platforms via their LiveLink® proprietary API, which supports a FIX gateway as well as other connectivity protocols.

Hotspot FX, Inc. is a subsidiary of Knight Capital Group, Inc. The company is headquartered in Jersey City, New Jersey and has offices in Boston, Chicago, London and Singapore.

About Truviso
Truviso enables enterprises to continuously detect, analyze, and act on real-time business events. The company's unique decision control platform combines continuous event processing and real-time analysis with an enterprise-class, open-source database. With full support for standard SQL, Truviso's engine can simultaneously execute thousands of concurrent queries across high-volume data sources for zero-latency decision-making. Truviso solutions address a wide range of applications, including capital markets trading, network analysis, and operations optimization. The company is funded by leading Silicon Valley venture capital investors and corporate investors, including Onset Ventures, Diamondhead Ventures, and UPS Strategic Enterprise Fund. Truviso is headquartered in Foster City, California.