Alternative
Execution Platform Connects to TradingScreen
LONDON (June 9, 2009):
Alternative Execution (AE), a unique trading platform
operated by Execution Ltd, a leading and privately owned
full service agency broking business, has connected
to TradingScreen, the leading provider of multi-asset
class, multi-broker, multi-service electronic trading
products.
As a result, clients who use TradingScreen’s
Execution Management System, TradeSmart, will now be
offered access to Alternative Execution’s extensive
‘best of breed’ algorithmic suite and to
AE’s Direct Market Access (DMA) products.
TradingScreen, provides a fully integrated, customer-oriented
trading service platform to institutional investors.
TradingScreen’s global, multi-asset class proprietary
system links institutional investors and sell-side firms,
facilitating order routing, execution management, clearing
and value-added services, including straight-through
processing and prime brokerage.
Tony Nash, Head of Execution Services
at Execution commented: “We are excited
to be able to offer our algorithmic trading and DMA
products to our customers through TradingScreen. Now
our clients can access some of the most sophisticated
algorithms available in the market, in complete anonymity,
through a single counterparty .”
“In a move which will complement our existing
derivatives business, we will also shortly be offering
futures and options trading capabilities to TradingScreen
users.”
Commenting on the agreement Oliver Boatfield of TradingScreen,
said: “Execution’s cutting edge approach
to providing the state of the art algorithms over a
single platform is synonymous with TradingScreen’s
innovative cross asset class execution management system.
We are very excited to distribute Execution’s
offering and present to our combined global client bases
the ability to seamlessly route orders via Alternative
Execution as well as DMA. We look forward to further
collaboration with Execution across the asset class
mix.”
Interested press and analysts may contact:
Tony Nash, Head of Portfolio and Electronic Trading,
Execution Limited, 0207 456 1156, tony.nash@executionlimited.com
Michael Henman, Partner, Cubitt Consulting 0207 367
5106, michael.henman@cubitt.com
Emilia Lebron, Cubitt Consulting, 0207 367 5113, emilia.lebron@cubitt.com
Aitor Uria Saporiti, Marketing and Communications, TradingScreen
Inc, 0207 149 3141 aitor.uria@tradingscreen.com
ABOUT EXECUTION
Execution is a unique full-service agency broker providing
clients with execution, sales, trading, research and
corporate access. The group has 125 staff and recognised
leadership in sell-side analyst research and agency.
Headquartered in London, with offices in the United
States and Hong Kong, Execution has been servicing many
of the world’s major investing institutions, including
mutual funds, pension funds, insurance companies and
hedge funds since 2001. Empowered by its technology
and differentiated by its people, Execution provides
access to the market's core liquidity providers through
extensive personal relationships and expertise. www.executionlimited.com
ABOUT TRADINGSCREEN
TradingScreen is the leading independent provider of
electronic trading solutions to the Buy Side. The company
offers a suite of execution management and connectivity
solutions encompassing all asset classes across global
markets. TradingScreen’s goal is to simplify the
complexity caused by market fragmentation and the proliferation
of asset class and broker specific trading tools, by
consolidating execution management of both exchange
traded and OTC instruments on a single platform. TradingScreen
brings the major global sell side participants and leading
regional brokers to a common environment. The benefit
to clients is an exceptional reach across counterparties,
products, geography and services ranging from execution
to algorithmic trading services, prime brokerage and
clearing. This functionality is delivered through a
proven and reliable ASP install-and-support model. TradingScreen
provides global coverage from offices in New York, Chicago,
London, Paris, Madrid, Geneva, São Paulo, Hong
Kong, Singapore, Sydney and Tokyo.
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