RTS Realtime Systems Group, a trading solutions provider, said that veteran German financial firm Berenberg Bank has deployed its RTD Tango algorithmic trading system.

With the RTD Tango solution, Berenberg has extended its capabilities to receive algorithmic instructions and trading parameters via its FIX engine, which is now connected to the Tango server via a customized interface.

Berenberg's client orders on RTD Tango are currently routed to the Deutsche Boerse Xetra electronic trading platform, with plans to expand destinations in the future.

Based in Hamburg with subsidiaries in seven German cities and seven abroad, Berenberg Bank is Germany's oldest private bank, founded in 1590 and has €19 billion ($27 billion)  of assets under management.