Dubai based broker GTL deploys RTS’ algorithmic trading solution, RTD Tango

RTS Realtime Systems Group, a leading trading solutions provider, announced that GTL Trading DMCC., a Dubai based broker and clearing member of DGCX, has successfully deployed RTD Tango for its proprietary trading on the Dubai Gold & Commodities Exchange.GTL Trading is utilizing RTS’ algorithmic trading solution RTD Tango for driving quotes and the RTS Datacenter Hubs for connectivity to DGCX and further counterparties.GTL, which provides execution and clearing services, is using RTD Tango for high frequency two way quotes of gold, currencies and the newly launched cash settled WTI Light Sweet Crude Oil and Brent Crude Oil Futures contracts.“We needed a professional solution that takes away the complexity and enables us to quickly deploy our trading ideas; with RTD Tango this has been achieved,” said M.R. Wahla, CEO of GTL.“We are pleased to have another clearing broker utilizing RTD Tango out of Dubai, commented Christian Zahm, Sales Manager at RTS, adding that “the combination of connectivity to DGCX and DME with o