Mantara Opens Toronto Office in Response to Growing Demand for Its HFT Solutions in Canada

JERSEY CITY, N.J., June 9, 2011 /PRNewswire/ -- Mantara, Inc., a provider of advanced technology solutions for high-frequency trading and ultra-low latency direct market access, today announced the opening of its Toronto office to support the rapidly growing demand for its products and services across Canada's electronic trading community.

In a market climate characterized by evolving regulatory requirements and looming compliance deadlines, Mantara's products are experiencing exceptionally strong reception by those looking to apply high-speed pre-trade risk controls across a mesh of counterparties and trade facilities. Leveraging its proven ultra-low latency trading technology coupled with its advanced pre-trade risk functionality, Mantara's solutions enable traders to meet compliance requirements while maintaining competitive access to liquidity.

Mantara's ultra-low latency expressWay™ trading suite offers pre-trade risk control and direct market access to exchanges, brokers, and buy-side participants enabling them to meet risk compliance requirements with near-zero impact on trading latency.  Building upon its proven high-speed execution competency across asset classes and trading venues, Mantara's users can seamlessly trade and manage risk across multiple venues with minimal impact to latency.

"We are excited to be able to support the growing needs of Canada's HFT community by providing a direct presence in its backyard," said Michael Chin, president and CEO of Mantara.  "As Canada's trading epicenter, Toronto provides a vibrant base for Mantara's Canadian operations and we look forward to supporting the thriving capital markets trading activity in this important global center."

Mantara's Toronto office is located at 100 King Street West, Suite 5700, Toronto, Ontario, Canada, M5X 1C7. Call (416) 915-3104 or contact [email protected] for more information.

About Mantara

Headquartered in Jersey City, NJ, Mantara, Inc. is transforming securities trading worldwide through the development and delivery of integrated, ultra-low latency trading and pre-trade risk solutions. With its next-generation expressWay trading platform, Mantara is delivering innovative solutions to the financial trading community. For more information on Mantara, visit www.mantara.com

Mantara and expressWay are registered trademarks of Mantara, Inc. in the United States.

SOURCE Mantara, Inc.