CHICAGO, October 31 /PRNewswire/ --
- Virtual 'Aggregated Book' consolidates entire market depth from multiple European exchanges and market sources into single view in RealTick EMS
As the trading world prepares to face new Best Execution obligations imposed by the Markets in Financial Instruments Directive (MiFID), users of the RealTick EMS (http://www.realtick.com) from Townsend Analytics now have access to new features and functionality to help them compete in the new MiFID environment.
RealTick's new virtual "Aggregated Book" feature consolidates the entire market depth from multiple European exchanges and market sources into a single view. Simply by using RealTick's proprietary European Symbol known as ".EUR," traders can:
-- View 800+ stocks on the CESR liquid stocks list, with more as they arise -- Instantly identify all executable bids and offers -- not just best bid and offer (BBO) -- Easily locate liquidity and perform multi-market sweeps customized to fill size and other requirements -- Choose from multiple venues for "Best Execution" order routing -- Benefit from Townsend's direct market access (DMA) connections and high-volume quote capacity for reduced latency
The Aggregated Book will also include the latest alternative data and trading venues, such as BOAT, Chi-X and Equiduct, which are likely to proliferate under MiFID. It will also incorporate new products, such as EuroSets and EQS from the LSE.
Other MiFID enhancements to the RealTick platform include Trade Reports from listed European exchanges and reporting facilities like BOAT; Systematic Internalizer (SI) quotes; and Suitability and Appropriateness rules that are easily customizable for broker partners.
"We've successfully leveraged our trade execution and analytics expertise to deliver a complete view of the post-MiFID European marketplace at a glance, including aggregated market data and an unparalleled depth of book," notes Jeff Wecker, Chief Executive Officer for Townsend Analytics.
"Townsend Analytics has helped our clients achieve best execution for 20+ years and these enhancements continue in that tradition. They provide both our sell- and buy-side clients with all the tools they will need to accommodate MiFID, whether these be market access, trade reporting, data, or customizable suitability obligations," he adds.
RealTick, created by Townsend Analytics, is the electronic trading industry's premier multi-asset, multi-broker, and multi-route direct-access trading platform. RealTick delivers real-time market data, news and analytics; sophisticated trading tools; unrivaled access to brokers, 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 http://www.realtick.com.
- RealTick is a registered trademark of Townsend Analytics, Ltd.
About Townsend Analytics
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. The firm's four main lines of business include Trading Services, Content Services, Exchange Services, and Risk Management Services. Townsend Analytics, Ltd. is a wholly owned, independently-operated subsidiary of Lehman Brothers. For more information, visit http://www.taltrade.com.