Peter Swete cofounds Sabre Fund Management, one of the first UK hedge fund managers.

Nick Idelson starts development on real-time automated trading environment at Midland Bank.

Nick Idelson founds Midland Montagu black box team. Nicholas Hallam joins Nick Idelson to work on real-time logic modelling.

Deployment of distributed real-time environment across 85 processors, including the largest on-line tick database in the world at the time. 

Nicholas Hallam appointed Chief Model Builder for black box team

Nick Idelson and Nicholas Hallam form Quantics Limited as a joint venture with the largest foreign exchange fund manager in Europe. 

New platform – the core of the current ATP – is built.

Peter Swete joins Quantics and high-frequency trading starts in financial futures and US equities.

The core ATP platform is spun off into a new company, TraderServe, which raises £1.35m venture capital.

ATP, with added client management system and web front end goes live at first broker.

Pioneering Flow Manager and graphical Model Building Interface developed. 

Publication of major TraderServe report on Technological Barriers to Pan-European Best Execution in Equities “Breaking the Barriers”.

Trade Controller implemented with automated order state management to manage many thousands of order slices simultaneously in multiple markets

Independent distributed pre-trade risk management added

TraderServe introduces innovative transaction cost analysis service to accompany the platform and develops a range of products for MiFID

The management team buys out the venture capital partners. Development of the ultra-low latency platform and associated services.

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