Fanshawe College of Applied Arts and Technology, Ontario
An Ontario company specializing in automated technology for financial trading is working with Fanshawe College and Western University students to give their products a competitive edge in the financial trading sector.
The research project hopes to improve Embium’s real-time trading cloud computing infrastructure.
Embium was founded in London in 2008 as Cyborg Trading Systems. It specializes in developing automated trading technology for global financial firms, including hedge funds, brokers, banks, exchanges, and professional traders. In addition to its London presence, the company has offices in Waterloo and Toronto and headquarters in New York City.
According to Jason Lukez, vice-president of finance with Embium, the algorithm under development will be ready for commercialization early next year. He says it is crucial that new global market technologies are tested and re-tested prior to release, and the work of Fanshawe students has been an essential component of the firm’s technology development and deployment process.
Embium is the only Canadian provider of a complete trading solution that enables the rapid development, testing and global execution of sophisticated proprietary strategies.
“Timing of producing the product is critical,” says Lukez. “Having collaborative partners to keep the progress moving is so important given the competitive market, especially since we are contending with large global firms. Fanshawe has been a strong partner.”
This initiative has led to full-time jobs and raised the profile of Fanshawe’s Computer Programmer Analyst program as it continues to produce high calibre students to fill many knowledge-based jobs in southern Ontario. Six students from Fanshawe College have been hired full-time at Embium, with three more currently on work placement.
Funding: College-University Idea to Innovation (CU-I2I) Grant
Partners: Western University, Embium
Fanshawe College is one of the largest colleges in Ontario, with campuses located in London, Simcoe, St. Thomas, and Woodstock. The institution offers more than 200 degree, diploma, certificate, post-graduate certificate and apprenticeship programs. Fanshawe prides itself on its excellent services for students with physical or learning needs, and on … Learn More