In a bid to target institutional traders, Canada’s Cyborg Trading Systems has changed its name to Embium, installed a new chief executive officer and opened an office in New York.
The five-year old company started out building desktop automation software for retail traders, but believes its future is in technology deployed on corporate servers.
Now Embium has created a new trading engine for low-latency executions. It includes an algorithm development environment; real-time simulation and back-testing; in-memory complex event processing; and real-time risk management, as well as a co-located trading infrastructure.
The company was formed in Toronto in 2008 by a pair of ex-Refco derivatives traders and recently brought on former SunGard executive Janice Robson as chief executive.
