Press

Press Releases

Articles

Ads

TradingScreen Launches the First Futures Algorithmic Hub
“FuturesHUB”
Bringing to the market MultiBroker Algorithmic trading on an ASP basis

FuturesHUB allows Buy Side clients to use the same platform and ergonomics across brokers, products and exchanges with one single screen - leveraging all of the algorithms currently available in the market for Listed Derivatives.

NEW YORK (November 27, 2007): - TradingScreen Inc., the premier execution management system (EMS) provider of multi-broker, multi-asset class trading systems to the buy side, today announced the launch of their new product, “FuturesHUB”. TradingScreen’s “FuturesHUB” not only allows Buy Side clients to use the same graphical user interface and connectivity to trade across multiple FCMs, markets and financial products, but also introduces access to trading Algorithms on derivative products such as Futures and Options.

FuturesHUB permits buy side clients active in listed derivatives to use TradeSmartTM or TradeFIXTM to reach most of the FCM community for Algorithms, traditional DMA, discretionary orders or phone orders through one single screen or FIX connection. The new product makes the traditional setup of most clients’ multiple dedicated broker screens obsolete, which is prone to error and back-end incompatibility, and is costly in terms of connectivity. FuturesHUB allows a client to access and choose among various brokers, all visible on the same screen, while maintaining the same connectivity, ergonomics, position, P&L and post trade allocation system. FuturesHUB is backed by 24/6 global customer support and reliable infrastructure, for which TradingScreen is well known. There are already 25 brokers offering their services through FuturesHUB of which 8 are offering Algorithms on futures and/or options, and the number is rapidly growing.

“FuturesHUB is resolving one of the most difficult issues faced by the Buy Side client: How to benefit from the Algorithmic trading offering of multiple FCMs while retaining the simplicity and efficiency of a single trading platform? This has been extremely challenging until now, due to the multiplicity of screens and the complexity of post trade management which results from it,” says Philippe Buhannic, President and CEO of TradingScreen. “Clients trading Futures and Options can now leverage the amazing connectivity (25 FCMs connected), the instantaneous deployment and the standardized STP output of TradingScreen while accessing the leading FCMs Algorithms for Futures and Options in a single ticket, on a single screen. FuturesHUB provides a completely new trading concept to the Listed Derivatives Buy side user.”

“At Calyon Financial we constantly adapt to the ever-changing needs of our clients. One of our recent changes has been to provide our clients with algorithmic trading tools, an essential part of our execution service offering. Integrating with a trading platform such as TradingScreen, which is recognized as a leader in providing algorithmic trading functionality, gives Calyon Financial the ability to bring our clients the best of both worlds; simplicity and immediacy,” says Leslie Sutphen, Calyon Financial Global Head of E-Brokerage Strategy.

“Integrating AES Futures with TradingScreen is key to our initiative of spreading the award winning AES algorithms across asset classes. We are pleased to be part of the newly created “FuturesHUB” offering” says Andrew Yao, Credit Suisse AES Futures. Guy Cirillo, Credit Suisse AES Global Channel Sales Manager added, “This extends the AES product offering to truly provide a multi-asset global solution for our clients.”

"The market and the clients in Listed Derivatives are starting to see the significant benefit that Algorithmic trading can bring to their trading strategies. UBS has been very focused on building the right products for these new needs. We welcome the development of products such as TradingScreen as it complements this strategy and allows a deep integration in the client infrastructure while retaining a rapid deployment approach" says Rob Hedges, Executive Director, Exchange Traded Derivatives from UBS.

For more information about FuturesHUB, or to request a demo, please contact TradingScreen at:

New York Sales: +1 212 359 4100
Chicago Sales: +1 312 447 0100
European Sales: +44 (0) 207 149 3100
Asia Pacific Sales: +852 2251 8239
Japan Sales: +81 (3) 4540 8500
Or email us at sales@tradingscreen.com

ABOUT TRADINGSCREEN
TradingScreen Inc. is accelerating the technical evolution of the financial markets by providing a fully integrated, customer-oriented trading service platform to institutional investors. The proprietary TradingScreen platform links institutional investors and sell side firms together to facilitate order routing, execution management, clearing, and additional value added services, such as real straight through processing and prime brokerage enabling across all asset classes. TradingScreen provides global coverage from offices in New York, London, Hong Kong and Tokyo. Further information can be found at www.tradingscreen.com.

ABOUT CALYON FINANCIAL
Calyon Financial (www.calyonfinancial.com) is a leading global brokerage firm dedicated to providing institutional clients efficient access to all major markets. The firm ranks among the top futures commission merchants in the world and has access to more than 70 financial and commodity exchanges. Headquartered in Chicago, Calyon Financial has a presence in 16 major global financial centers. Calyon Financial is a wholly owned subsidiary of Calyon S.A. (www.calyon.com), the corporate banking arm of Crédit Agricole. Calyon is a major player in financial markets and among Europe's leading corporate and investment banks. Crédit Agricole and Calyon each hold AA credit ratings.

ABOUT CREDIT SUISSE ADVANCED EXECUTION SERVICES® (AES):
Advanced Execution Services® is Credit Suisse's award-winning suite of algorithmic trading strategies, tools, and analytics for global equity trading. AES helps more than a thousand institutions and hedge funds reduce market impact, improve performance versus benchmarks, and add consistency to their trading processes. AES created a new category on Wall Street with its successful launch in 2001, and innovation remains its greatest strength. The AES team is dedicated to a philosophy of constant improvement and constant innovation. AES' algorithms are never finished - the product is always evolving as the marketplace evolves and as our research teams discover more effective trading techniques. Perhaps that's why AES has been recognized over and over as the leader in algorithmic trading.

ABOUT UBS:
UBS is one of the world’s leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.
UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.
UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 39% of its employees working in the Americas, 33% in Switzerland, 16% in the rest of Europe and 12% in Asia Pacific. UBS's financial businesses employ more than 80,000 people around the world. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

For More Information, Please Contact: