Emerging markets broker Arqaam Capital has launched a new proprietary trading infrastructure tool, ArqNET, aimed at enabling European institutional clients to trade faster in Middle East and North Africa (MENA) markets.
The tool will reportedly allow institutional clients to trade up to three times faster and provide real-time error reporting and instant issue resolution.
ArqNet is based in a London LD4 data centre and offers “low latency, high security and smart order routing across MENA and 50-plus global exchanges”.
Through a centralised control function, the tool sends direct trade messages across Arqaam Capital’s private network to relevant exchanges, with a focus on maintaining high levels of security.
So far, the tool has been deployed to more than 20 institutional clients in London, with users reportedly seeing an improvement of more than 50% in trading performance and efficiency, according to Arqaam Capital.
Looking ahead, ArqNeT’s coverage is also set to be further expanded to other regions in the near future. Tarek Meliti, chief information officer of Arqaam Capital also confirmed that the business is continually investing in new technologies.
The primary aim of Arqaam Capital is “to provide financial intermediation and create investment opportunities for emerging markets investors looking to invest in their own markets and abroad, as well as international investors seeking opportunities in target emerging markets.
“ArqNeT has transformed Arqaam’s electronic trading platform into the leading destination for inbound MENA electronic order flow, providing best in class infrastructure, empowered by low latency and high resiliency, ensuring best execution for our clients,” said Amr Elshamy, head of trading at Arqaam Capital.