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Acquired byTrading Technologies
Date6/10

General Information

Websitetickit.com
CategorySoftware
Phone312.341.7453
Email
Employees12
Founded10/09
DescriptionDisruptive Trading Software Technology

Offices

Chicago Office
141 West Jackson Blvd
Suite 3040
Chicago, IL, 60604
USA

People

President, Co-Founder
Founding Partner, Director of Technology

Service Providers

Tags

TickIt Trading Systems

TickIt Trading Systems, a trading software technology company, has created a disruptive technological platform which will empower any futures trader to design, create and deploy their own automated high frequency trading algorithmic strategies without having to write a single line of code.

Through a unique building-block interface, TickIt’s Algo Design Lab, trade designers can implement nearly any trading strategy they can conceive in a matter of minutes, as opposed to weeks, on their computer. This quick and trader-intuitive method can decrease the amount of time necessary to write a program by up to 95%.

TickIt Trading Systems was co-founded by Michael Unetich, a futures trader with more than 15 years of experience, and Rick Lane, a computer programmer who began his professional career designing computer-based war games and terrorist network tools for the Department of Defense.

TickIt is minimizing risk for traders using algorithmic trading by:

  1. Providing a design canvas with live prices so a designer can check their logic as they create the program.
  2. Implementing preventative safety measures which don’t allow the user to connect blocks that shouldn’t be connected.
  3. Offering a Simulation environment within which programs can be tested before turning them ‘live’.

Milestones

  • Check
    TickIt Trading Systems added Rick Lane as Founding Partner, Director of Technology.
    Posted 3/16/10 at 10:21am
  • Check
    TickIt Trading Systems added Michael Unetich as President, Co-Founder.
    Posted 3/16/10 at 10:21am
  • Handshake
    TickIt Trading Systems was acquired by Trading Technologies. (6/9/10)
    Posted 6/10/10 at 4:54pm via freshnews.com
  • Check
    TickIt Trading Systems — TickIt Trading Systems' Algo Design Lab (ADL) Wins FOW Innovation Award 2010: Best Innovation by an IT or Software Firm (12/21/10)
    Posted 1/19/11 at 6:09pm via fow.com
  • Check
    TickIt Trading Systems — Trading Technologies International, Inc. (TT), a leading provider of order-entry software and solutions for professional derivatives traders, announced that it has acquired TickIt Trading Systems, LLC (TickIt). (6/9/10)
    Posted 7/14/10 at 7:44am via tradingtechnologies.com
  • Check
    TickIt Trading Systems — TickIt is featured in the current CNBC.com Magazine as one of '8 Tech Advances You've Not Heard Of...Yet.' Tech analyst Rob Enderle said, “If widely deployed, it could actually change trading as we know it. It has a great deal of potential.” (5/18/10)
    Posted 5/18/10 at 1:30pm via cnbcmagazine.com
  • Check
    TickIt Trading Systems — TickIt Trading Systems was awarded the Illinois Technology Association's Newcomer award. The award is given to the company that "has the strongest potential to emerge from its start-up phase and distinguish itself in the technology marketplace." (4/30/10)
    Posted 5/3/10 at 6:09pm via illinoistech.org
  • Check
    TickIt Trading Systems — TickIt Trading Systems has been named a finalist for the Illinois Technology Association's 11th Annual CityLIGHTS Newcomer award. The Newcomer Award is given to the company that has the strongest potential to emerge from its start-up phase and disting (4/2/10)
    Posted 4/2/10 at 8:12am via illinoistech.org
  • Check
    TickIt Trading Systems — TickIt Trading Systems' new simulated market environment allows futures traders to design and test algorithms with live market data, thus helping to minimize the risk of computer-driven programs. (2/1/10)
    Posted 3/26/10 at 12:35pm via tickit.com

Videos

Screenshots

TickIt Trading Systems screenshot
Above: Sample Trading Strategy Built with TickIt's Algo Design Lab
Uploaded: 3/16/10

Products

Algo Design Lab

Websitetickit.com/tickit-plus.html

TickIt’s Algo Design Lab is a visual programming platform which will empower any trader to design, create and deploy their own automated high frequency trading strategies without having to write a single line of code.

Algo Design Lab introduces traders to a more interactive way of creating algorithms and automated strategies. By providing building blocks which the user links together in a circuit-like design, the Algo Design Lab offers an intuitive interface for designing strategies without having to write any actual programming code.

When deployed to the TickIt server, the algorithms are compiled and run as if they were traditional computer programs.

The TickIt platform greatly reduces the amount of time involved in program creations and lowers the risk involved with the traditional methods of programming.

Sources

  1. Trading Technologies Acquires TickIt Trading Systems (freshnews.com) [edit]
  2. tickit.com [edit]
    ITA Proudly Announces the Finalists for the 11th Annual CityLIGHTS Awards Gala (illinoistech.org) [edit]
    The Illinois Technology Association Announces 11th Annual CityLIGHTS Award Winners (illinoistech.org) [edit]
    8 TECH ADVANCES YOU’VE NOT HEARD ABOUT… YET (cnbcmagazine.com) [edit]
    Trading Technologies Acquires TickIt Trading Systems (tradingtechnologies.com) [edit]
    FOW Awards for Innovation 2010 (fow.com) [edit]
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Last Edited 1/20/11

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