News

2020

Date Title Source
March 20, 2020 Deltix announces acquisition by EPAM Systems, Inc.
BOSTON, MA – March 20 , 2020 — Deltix, Inc. announced that it has been acquired by EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development solutions. As part of EPAM, Deltix will form a real-time computing lab that provides a center of excellence for industry-leading real-time event processing and analytics. The lab will focus on capital marketing trading, risk and market data, as well as crypto trading, IoT and real-time signal processing.

“We are pleased to welcome Deltix to EPAM. Deltix’s deep experience in quantitative research, algorithmic trading and execution analysis will be a valuable addition to EPAM’s growing FinTech practice, while also enabling us to expand these capabilities to other industries where real-time event processing is critical,” said Balazs Fejes, EVP, Co-Head of Global Business, EPAM Systems, Inc. “With our combined expertise, we look forward to helping our global customers gain actionable intelligence through event-driven data analytics.”

Deltix will continue to develop its current business of providing software and services for systematic and algorithmic trading clients, while EPAM will leverage Deltix’s technology and expertise across its various practices that span multiple industries, including financial services, travel and hospitality, retail and distribution, media and entertainment, business information services, healthcare and life sciences, energy and utilities, insurance, automotive, and software and hi-tech.
“We are very excited to join EPAM,” said Ilya Gorelik, Founder & CEO, Deltix. “With EPAM’s extensive software engineering and delivery capabilities, we will be able to expand our existing software and services business in real-time event processing and analytics to our current and future global customers.”
To learn more about EPAM, visit www.epam.com.

About Deltix, Inc.
Deltix was founded in 2005 by a group of computer scientists and mathematicians with extensive expertise in sophisticated quantitative and event-driven solutions. With a growing team of over 80 engineers, Deltix provides software and services for quantitative research, algorithmic trading and execution analytics across equities, futures, options, FX, fixed income and digital assets. Deltix provides its solutions to institutional systematic and discretionary buy-side firms, sell-side firms. OTC desks and crypto exchanges. For more information, please see www.deltixlab.com.

About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its software engineering expertise to become a leading global product development, digital platform engineering, and top digital and product design agency. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes. EPAM’s global teams serve customers in more than 30 countries across North America, Europe, Asia and Australia. As a recognized market leader in multiple categories among top global independent research agencies, EPAM was one of only four technology companies to appear on Forbes 25 Fastest Growing Public Tech Companies list every year of publication since 2013 and was the only IT services company featured on Fortune’s 100 Fastest-Growing Companies list of 2019. Learn more at www.epam.com and follow us on Twitter @EPAMSYSTEMS and LinkedIn.

Forward Looking Statements
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

Business Wire

2019

Date Title Source
November 25, 2019 Deltix announces CryptoCortex FIX Hub trading access to Gemini
NEW YORK, Nov 25, 2019 — Deltix, Inc. announced that Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian is now accessible via the Deltix CryptoCortex FIX Hub. Located in the Equinix NY5 data center in New Jersey, CryptoCortex FIX Hub is in the same data center as the Gemini matching engine. CryptoCortex FIX Hub leverages Deltix ExecutionServer which provides ultra-low latency processing of very large transaction volumes with high system availability. In addition to order execution and risk management, ExecutionServer provides traders with execution algorithms including smart order routing.

“We are delighted that traders can now leverage CryptoCortex FIX Hub.” said Ilya Gorelik, Founder & CEO at Deltix. “With both our FIX Hub and Gemini’s matching engine in NY5, traders of cryptocurrencies will be able to experience the institutional-grade execution quality more typically associated with traditional markets”.

“We are excited that Deltix is leveraging our institutional grade FIX infrastructure to offer high performance crypto trading to their customer base.” said Drew Candres, Director of Technical Exchange Services at Gemini. “Trading platforms such as CrytpoCortex are a great way to provide professional traders with advanced trading tools necessary to manage institutional crypto trading.”

Business Wire
November 12, 2019 Deltix and Hehmeyer announce successful first month crypto trading of Bakkt Bitcoin Futures using Deltix technology
NEW YORK, Nov. 12th, 2019 — Deltix, Inc. announced with Hehmeyer Trading + Investments that Hehmeyer’s Crypto division has completed its first month trading the Bakkt Bitcoin Futures on ICE Future U.S.

Trading of Bakkt Bitcoin Futures launched at the end of September and Hehmeyer, using Deltix CryptoCortex technology, is one of the first trading firms to make markets in the contract.

Deltix, which launched the CryptoCortex platform in 2018, has been providing quantitative research, analytics and algorithmic trading solutions for equities, futures, options and forex for over 12 years. CryptoCortex provides advanced digital asset-trading capabilities for buy-side discretionary and systematic traders, market makers, OTC desks, exchanges and broker/dealers.

The Market Maker edition of CryptoCortex is designed for the specific needs of traders making markets and arbitrage trading in digital assets. It can run multiple different algorithms with high throughputs and very low latencies.

“We are proud that Hehmeyer has had a successful month market making for Bakkt Bitcoin Futures using Deltix technology.” said Ilya Gorelik, Founder & CEO at Deltix.

”We are excited to have participated in the launch of the Bakkt Bitcoin Futures product. Our participation was enhanced with the help of the excellent tools that were created by Deltix. We look forward to significant growth in the futures contract as well as a successful launch of the options contract” said David Nuelle, Partner at Hehmeyer Trading and Investments.

”With the first month of trading complete, we’ve seen steady growth of Bakkt Bitcoin Futures volume and we’ve made solid progress in onboarding new customers,” said Adam White, COO of Bakkt. “We appreciate the support of Deltix and Hehmeyer Trading, and we look forward to working with them on our upcoming Bitcoin options launch in December.”

Financial Post
October 10, 2019 Deltix announces CryptoCortex integration with MPC-wallet provider Curv
 Deltix, Inc. announced that its CryptoCortex digital asset trading platform is integrated with Curv, the cloud-based wallet provider.

Deltix, which launched the CryptoCortex platform in 2018, has been providing quantitative research, analytics and algorithmic trading solutions for equities, futures, options and forex for over 12 years. CryptoCortex provides advanced digital asset-trading capabilities to buy-side discretionary and systematic traders, market makers, OTC desks, exchanges and broker/dealers.

Curv provides a multi-party computing (MPC) digital “hot” wallet solution, which eliminates the burden of managing private keys in securing digital assets. Recently named a Gartner Cool Vendor in an article highlighting the power of MPC, Curv can also offer an insured hot wallet, the first of its kind in the crypto space.
“We are delighted that CryptoCortex traders can now use Curv’s MPC wallet solution.” said Ilya Gorelik, Founder & CEO at Deltix. “It provides a powerful and flexible alternative to private key based digital asset storage and access”.
“I’ve been watching CryptoCortex evolve for several years now,” said William Herkelrath, CRO at Curv. “The power of a unified order book, matching engine, and analytical trading suite all within a single platform is significant – and we’re excited to be able to offer a keyless MPC wallet as an integrated element in that ecosystem”
About Deltix, Inc.
Deltix was founded in 2005 by a group of computer scientists and mathematicians with extensive expertise in sophisticated quantitative and event-driven solutions. With a growing team of over 80 engineers, Deltix provides software and services for quantitative research, algorithmic trading and execution analytics across equities, futures, options, FX, fixed income and digital assets. Deltix provides its solutions to institutional systematic and discretionary buy-side firms, sell-side firms. OTC desks and crypto exchanges. For more information, please see www.deltixlab.com. Media contact: Stuart Farr, [email protected].
About Curv
Curv is setting a new institutional standard for digital asset security, using revolutionary cryptography to deliver the industry’s first cloud-based Institutional Digital Asset Wallet Service. Curv’s unique, mathematically-secure, keyless platform gives organizations bulletproof protection, instant access, and total autonomy over digital assets. The Curv service also includes the setup, management and maintenance of the blockchain infrastructure, which simplifies the adoption of any digital asset without building or scaling the underlying IT infrastructure. For more information, please see https://curv.co/. Media contact: William Herkelrath, [email protected]

Business wire
September 12, 2019 San Juan Mercantile Exchange Now Available through Deltix CryptoCortex
Deltix, Inc. announced that its CryptoCortex digital asset trading platform is now connected to the San Juan Mercantile Exchange (“SJMX”) Dark Pool. This connection, according to Deltix, will provide cryptocurrency brokers/dealers, OTC desks, market makers and arbitrageurs with unique and world-class trading functionality in connection with submitting and managing their SJMX Dark Pool orders.

Deltix has been providing quantitative research, analytics and algorithmic trading solutions for equities, futures, options and forex for over 12 years. Its CryptoCortex platform, launched in 2018, is one of the world’s most advanced, allowing creation and streaming of a consolidated order book, smart order routing, algo execution, flexible pre-trade risk management, and a post-trade TCA system, among other things.

SJMX launched its digital asset OTC Dark Pool in April 2019 to provide a secure and efficient infrastructure for institutional market participants to buy and sell cryptocurrency assets. Combined with the banking, custody and settlement solutions offered by SJMX’S affiliate, the San Juan Mercantile Bank & Trust, traders can enjoy efficient fiat and digital asset transactions and custody.

“We are delighted that CryptoCortex traders can now access the SJMX Dark Pool.” said Ilya Gorelik, Founder & CEO at Deltix. “With the associated banking and custody solution also provided by SJMBT, this connectivity provides our CryptoCortex clients with a powerful full life-cycle trading solution.”

“CryptoCortex is a powerful platform that has been designed to satisfy the diverse needs of a wide range of sophisticated market participants,” said Bo Collins, Founder & CEO at SJMX and SJMBT. “We look forward to the enhanced user experience that the connection between SJMX and CryptoCortex will provide.”

Business Wire
April 9, 2019 TradeStation Crypto Brokerage Service to Leverage Deltix’s CryptoCortex
The agreement seeks to address perceived market inefficiencies while providing sophisticated trading capabilities for investors in cryptocurrency markets through a familiar brand
Newswire

2018

Date Title Source
December 7, 2018 Deltix Connects CryptoCortex to Institutional Digital Asset Exchange Seed CX
Seed CX announced investors can access its market via Deltix Inc.’s institutional crypto-trading platform, CryptoCortex
GlobeNewswire
July 23, 2018 “Forex Clients in the Vanguard” of Crypto Trading – Beeks
Beeks Financial Cloud is hosting Deltix’s CryptoCortex platform offering connectivity to crypto exchanges, futures and options
FOW
July 23, 2018 Beeks Partners with Deltix for Cryptocurrency Connectivity
Low-latency IaaS provider hosts Deltix’s CryptoCortex to provide access to a wide range of cryptocurrency exchanges
Finance Magnates
July 16, 2018 CMA and Deltix Deploy New Algo Suite for Trading South American Markets
Deltix, Inc., announces the production deployment of custom execution algos within CMA’s Platform for trading equities and futures on South American markets: Brazil’s Bovespa, BM&F; Colombia’s BVC and Peru’s BVL.
Business Wire
May 10, 2018 Deltix Brings Institutional-Grade Trading Platform to Crypto
Deltix announces CryptoCortex, its new product suite for institutional trading of cryptocurrencies on multiple venues.
Deltix

2017

Date Title Source
December 11, 2017 Drilling for the New Oil
Article featuring Stuart Farr and Charles Ellis on how trading firms “drill” for data with regard to generating alpha.
Profit & Loss
June 2, 2017 A Well-Worn Trading Strategy That Hasn’t Lost Its Edge
Our updated research into automated trading strategy using changes in earnings dates from Wall Street Horizons is cited by The Wall Street Journal.
Wall Street Journal
June 1, 2017 Update: Generating Alpha with Earnings Date Revisions (data from Wall Street Horizons)
Update to our research on trading strategies using earnings date revisions from Wall Street Horizon.
Deltix
February 20, 2017 Deltix Receives Accolades from CIO Outlook and CTA Intelligence
Deltix has won two more industry awards, marking our eleventh and twelfth awards since 2012.
Deltix
February 16, 2017 Untangling Data to Discover Alpha
Ilya Gorelik of Deltix discusses the concept of “Aggregate-Analyze-Act” in the context of Alpha Discovery and Algo Trading.
Capital Markets CIO Outlook