AXES
Joins TradingScreen’s Emerging Markets Network
for Global Execution Services
AXES GEMS platform provides
trading and post-execution services in more than 100
developed, emerging and frontier equities market, plus,
in-depth market intelligence
NEW YORK (Dec.
10, 2007): - TradingScreen Inc., the leading
EMS provider of multi-broker, multi-product trading
platforms with straight-through-processing, today announced
an agreement to work with AXES, LLC, a global institutional
agency brokerage firm. Under the terms of the agreement,
TradingScreen will offer AXES’ GEMS (Global Execution
Management System), the only electronic trading platform
that provides trade execution and settlement tracking
for institutional traders in more than 100 countries
representing over 250 equity and equity derivatives
exchanges across the world’s developed, emerging
and frontier markets.
TradingScreen’s flagship product, TradeSmart,
is a customizable front-end GUI (Graphical User Interface)
that enables buy-side clients to trade a broad portfolio
of financial instruments, around the clock, on any market
and with a wide range of counterparties. TradeSmart
is unique in its ability to aggregate multiple-dealers
and multiple products onto a single screen format for
electronic order routing. Its ASP (Application Service
Provider) model enables very rapid deployment and activation
of users into live trading and incorporates the most
comprehensive and intuitive access to the proprietary
algorithmic trading strategies offered by the leading
brokers. Over 800 clients are using TradeSmart in more
than 80 countries.
Under the agreement, Trading Screen's clients will
have access to GEMS, a multi-currency, multi-asset system
that provides a single point of entry to AXES' exclusive
worldwide broker network. AXES’ GEMS platform
offers global trading functionality, straight-through
processing and seamless integration with custodians
and clearing agents. AXES’ exclusive partnerships
with leading local brokers around the world –
each of which are direct members of their local exchanges
– offer institutions trading on GEMS in-depth,
on-the-ground market intelligence. These institutions
also have access to the global research product created
by AXES and its broker partners to identify new trading
opportunities in the global markets.
AXES provides institutions with the efficiencies of
GEMS automated process management combined with the
trade execution services and back-office operations
that are essential to global cross-border trading. Client
Orders routed through GEMS are transmitted delivered
electronically to an AXES network broker in the destination
market for direct execution on the local exchange. Orders
can also be managed by the local trading desk in the
destination market to minimize market impact. GEMS’
post-execution tracking feature automatically transmits
all trade details to back-offices and banking institutions
and provides real-time status to ensure accurate and
timely settlement.
“A natural evolution to our vast offering to
trade in multiple asset classes is to continue to extend
this service to include more of the world’s emerging
and frontier markets,” says Philippe Buhannic,
President and CEO of TradingScreen. “We are excited
to offer our clients the capability to find value and
trade electronically in virtually any market in the
world. With our partnership with AXES, clients will
have the ability to seamlessly route orders to any AXES
broker partner on the GEMS platform providing the end-to-end
trading services our clients need.”
“Investing in the global equities markets has
increasingly become one of the top priorities for the
institutional investor,” said Peter Gaffney, President
of AXES. “As developed markets are maturing and
value becomes more difficult to find, the number of
institutions seeking to build their exposure in emerging
and frontier markets also continues to grow. Through
our new relationship with TradingScreen, we are pleased
to offer their clients a solution that is the most comprehensive
trading platform for investing in the global markets.”
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, Chicago, Sao Paulo, London,
Paris, Hong Kong and Tokyo. Further information can
be found at www.tradingscreen.com.
ABOUT AXES
AXES, LLC is a New York-based registered FINRA broker-dealer,
a premier provider of global institutional agency brokerage
services through its worldwide correspondent broker
network. AXES’ single point-of- entry multilateral
trading platform provides seamless trade and post-execution
services in more than 100 countries representing over
250 equity and equity derivatives exchanges across the
world’s developed, emerging and frontier markets.
The firm is owned by New York-based Auerbach Grayson
& Company, Inc., a brokerage firm specializing in
the international securities markets, and the foreign
broker partners that comprise the AXES network. Further
information can be found at www.axesllc.com.
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