ACTIV Financial has entered a partnership with PFSOFT, a Ukrainian vendor of trading software.
Frank Piasecki, ACTIV president, said ACTIV will provide access to its European equities, futures and options data to PFSOFT’s Protrader platform, as well as vendor of record capabilities.
PFSOFT will have access to ACTIV’s European market data feed, and the implementation of vendor of record technology will add permission and exchange reporting support to Protrader.
Protrader covers multiple asset classes and is available for desktop, web and mobile use, Piasecki said. It does not cover over-the-counter fixed income, but Piasecki said as more of those instruments move to exchanges they will be added to the agreement and will be accessible for trading by the PFSOFT's clients.
ACTIV and PFSOFT took about eight months to firm up the deal, Piasecki explained, noting the introduction came from a Turkish brokerage looking to service a prime brokerage client that wanted access to Protrader. The bulk of PFSOFT’s clients are the active trader segments made up of asset managers, day traders, hedge funds and other smaller institutional participants, Piasecki added.