CHICAGO and LONDON, December 17 /PRNewswire/ --
- Clients gain point-click access to European equity algorithms through simple pull-down menu
Townsend Analytics (www.taltrade.com), a leading provider of multi-broker, multi-asset, multi-region and multi-route electronic trading solutions for the global capital markets, has integrated equity algorithms from leading European broker Cheuvreux into Townsend's flagship Execution Management System (EMS), RealTick(R).
The suite of 11 European-specific trading strategies for equities is the latest addition to the Cheuvreux global electronic execution services available through RealTick since early 2004. Cheuvreux executes on 22 European markets across Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, Turkey and the United Kingdom, in addition to the recently launched alternative trading venue Chi-X. Cheuvreux also offers access to 14 North American markets.
"Our mutual clients already use RealTick for its multi-asset class trading facility and direct access to a wide variety of global markets," states Jerry Lees, Head of Execution Services for Cheuvreux. "Now they can immediately access our full array of advanced equity algorithms to accomplish their trading objectives on orders and transactions with Cheuvreux," he adds.
"We are pleased to be expanding upon our long-standing relationship with Cheuvreux," states Rustam Lam, Executive Director, Townsend Analytics. "Integrating their European-specific algorithms into RealTick complements our efforts to seamlessly deliver the best global sources of liquidity and electronic execution within a couple clicks of the mouse," he adds.
Townsend's broker-neutral RealTick platform aggregates multiple brokers, destinations and products onto a single-screen format. All are accessible from customizable menus allowing for ease of use and fast electronic order routing.
RealTick, created by Townsend Analytics, is the electronic trading industry's premier direct-access research and trading software. RealTick delivers real-time market data, news and analytics; sophisticated trading tools; unrivaled access to exchanges and ECNs; and risk management tools to institutions, broker-dealers and individual investors. RealTick's advanced technical design is supported by state-of-the-art data centers and a redundant network for market data and orders. For more information, visit www.realtick.com.
- RealTick is a registered trademark of Townsend Analytics, Ltd.
About Townsend Analytics, Ltd. (TAL)
Townsend Analytics has been changing the way the world trades since 1985. The Chicago-based company created many technology innovations that are now considered standards in the financial services industry. These include the first real-time financial software under Microsoft Windows(R); the first product to provide real-time streaming data over the Internet; the first integrated solution for NASDAQ trading rooms; and the first Windows-based direct-access trading solution. Townsend Analytics also developed Archipelago and the Archipelago Exchange, the nation's first all-electronic, fully open exchange. The firm has engineered direct-access solutions for money managers, asset managers, hedge funds and mutual funds worldwide. For more information, visit www.taltrade.com.
CA Cheuvreux is a leading European full-service broker, serving more than 1,100 of the world's top institutional investors, with local offices in nine European countries, as well as in the US, Japan and the United Arab Emirates. CA Cheuvreux is consistently ranked by international institutional investors as a leading European equity broker for the quality and independence of its research, that covers 760 European stocks.
CA Cheuvreux also provides made-to-measure execution solutions via a broad range of services, ranging from Direct Market Access and Algorithmic trading in over 22 European markets and all North American venues to global Program Trading and CFDs. CA Cheuvreux is a subsidiary of AA-rated Credit Agricole Group, one of the world's leading banking institutions.
Anne Aldrich, +1-312-787-1642, firstname.lastname@example.org, for Townsend Analytics; or Todd Swearingen of Townsend Analytics, +1-312-442-8656, email@example.com; or Julie Fardoux, +33-(1)-41-89-71-16, firstname.lastname@example.org, for Cheuvreux