| Buy-Side’s Push
into Multi-Asset Class Trading Gaining Momentum
Buy-side clients of Bear Stearns can now utilize Multiple-Asset
Class electronic trading services provided from the
TradingScreen suite of execution management and connectivity
products.
This exciting technological advance from TradingScreen
means that Bear Stearns clients will benefit from the
normalization of trading functions across asset classes,
as well as their ability to monitor and modify the associated
order flow from a single blotter. Downstream, clients
benefit from full cross asset class STP whereby TradingScreen
generates consolidated, real time execution reports
that readily feed into a wide number of already certified
industry leading Order, Portfolio and Risk Management
systems. Bear Stearns is now able to offer clients access
to all of its global order routing capabilities from
one single application. That includes its full range
of Bear Stearns Equity Analytics Systematics Trading
(EAST) algorithmic trading strategies that will now
benefit from a customized order entry window within
TradingScreen.
“It is clear that the buy-side push into Multiple-Asset
Class trading is gaining momentum every day for obvious
cost and workflow optimization reasons,” said
Philippe Buhannic, President and Chief Executive Officer
of TradingScreen. “Leading institutional brokers
are responding to this challenge by removing the traditional
boundaries between their different asset class departments
and relying on TradingScreen to present a unified Execution
Management System to the Buy side. We are delighted
to count Bear Stearns as one of our partners in making
this unique service available to the Buy-side community.”
“TradingScreen creates a competitive advantage
for Bear Stearns by enabling us to offer a complete
trading tool box in a single front end to both our Prime
Brokerage Hedge Fund and Institutional client base,”
comments Evan Graj, Managing Director, Bear Execution
Services Team (BEST) EMEA, Bear Stearns International
Limited. “TradingScreen has finalized our FIX
connectivity across all asset classes. We now have clients
using the TradeSmart execution management system to
access the Bear Stearns EAST algorithms, our global
equity DMA platform, internal trading desks, Futures
DMA, and electronic FX products.”
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