CHICAGO and PRINCETON, New Jersey, November 7 /PRNewswire/ --
OES MarketGroup said today that it has continued the global expansion of its customer base with the addition of RTS Realtime Systems Group (RTS), a German-based leading independent software vendor (ISV).
Under the terms of the agreement, RTS will integrate OES's smart order routing technology into its trading applications, enabling equity traders to ensure that orders are routed to the exchange with the best price.
The new alliance brings equity smart order routing and Direct Market Access (DMA) to RTS's customers through multiple execution venues, including NASDAQ, BATS and the National Stock Exchange. RTS joins the growing worldwide network of securities industry leaders served by OES, including market centers NYSE Arca, the Philadelphia Stock Exchange (PHLX), the ISE Stock Exchange, and top broker-dealers. OES's customers will also gain access to multiple DMA execution venues worldwide facilitated by RTS.
"This opportunity adds another level of functionality and an extensive range of additional venues to RTS's already large selection," said Steffen Gemuenden, co-CEO of RTS Realtime Systems Group. "We believe the alliance will bring more business to RTS as the ability to trade multiple asset classes seamlessly continues to gain in importance."
"OES is excited about this new relationship with RTS, and the expansion of our customer base across national boundaries and oceans," said Michael Barth, executive vice president of Strategic Initiatives for OES. "We look forward to working with RTS to add access to international markets and satisfying MiFID requirements through this link to RTS's solutions."
RTS will present the services from OES at TradeTech Derivatives 2007, the third annual derivatives trading and technology event, November 7-9, at the Olympia Conference Centre in London.
About RTS Realtime Systems Group:
RTS is a leading Independent Software Vendor (ISV) with offices in Amsterdam, Chicago, Frankfurt, London, New York, Singapore, Stockholm, Sydney, and distribution partners in Greece, India, Italy and Japan. Founded in 1992, RTS is a pioneer in the design and creation of high performance, functionally rich, multi-asset electronic trading software, with thousands of user connections to more than 90 exchanges. Please visit www.rtsgroup.net.
About OES MarketGroup (OES):
OES MarketGroup (www.tradeoes.com), through its wholly owned technology and broker-dealer subsidiaries, provides seamless electronic market connectivity, liquidity access and rapid executions by linking broker-dealers, trading systems, exchanges and market centers.
Ellen G. Resnick, Crystal Clear Communications, +1-773-929-9292, +1-312-399-9295 (cell), eresnick@crystalclearPR.com