DeltaOne Solutions, a supplier of ETF and index data, and Tbricks, a provider of automated trading systems, have confirmed details of a strategic alliance which combines Tbricks’ next-generation trading system with DeltaOne’s data management and analysis capabilities.

Bernie Thurston, Global Head of DeltaOne Solutions.

The partnership provides a single point for analyzing and implementing, while enhancing and facilitating sourcing, pricing and trading of global ETFs and indices.

The partners anticipate that the initiative will accelerate the adoption of electronic processing solutions across the rapidly growing ETF trading market, where the current process is significantly slowed due to inefficiencies.

Commenting, Bernie Thurston, Global Head of DeltaOne Solutions, said: “Both DeltaOne and Tbricks have been instrumental in the trading community’s efforts to strengthen the operational and information infrastructure of this dynamic market. This alliance is a full strength combination that reaches across borders and asset classes to provide a service that will help a wide range of market participants achieve greater certainty in their transaction processing.”

Jonas Hansbo, Chief Executive Officer, Tbricks, added: “By combining the individual strengths of Tbricks trade processing services and DeltaOne’s ETF and Index data accuracy, we are taking a major step forward in addressing the calls from global regulators and customers for a fully-integrated system for ETF quoting and hedging. We believe the time is right for consolidation around a combined framework to address the challenges of rapid growth, operational risk and high costs in the trade markets.”

DeltaOne Solutions is headquartered in New York with offices in London, Bangalore, Hong Kong and Santa Clara. Tbricks is headquartered in Stockholm with offices in London, Chicago, New York and St Peterburg.