CHICAGO, August 7 /PRNewswire/ --
Townsend Analytics (http://www.townsendanalytics.com), a leading provider of global multi-broker, cross-asset electronic trading solutions, today announced its connection to Morgan Stanley's Electronic Trading (MSET) platform. The arrangement allows clients to access MSET services through Townsend Analytics' flagship EMS, RealTick(R).
RealTick users can route Direct Market Access (DMA) orders directly to MSET, taking advantage of the bulge-bracket broker's formidable market presence in more than 45 markets around the world. Users also have access to MSET's suite of algorithmic trading strategies, including its newest algo, NightOwl(SM), which navigates select dark liquidity pools and quoted markets to provide access to the most natural liquidity possible.
RealTick's sophisticated order handling and decision-support tools allow traders and buyside users to easily employ a wide variety of complex trading strategies, such as algorithmic trading and basket trading. Specialty order types including conditional, reserve, discretionary, pegged, stop and seamlessly integrated worked orders allow users to fully control and manage their trading, lessen the market impact of a trade and preserve anonymity.
"We're working very closely with Morgan Stanley to expand global electronic offerings within the RealTick EMS platform," explains Thomas Kim, Managing Director, Global Head of Trading Services for Townsend Analytics. "The ability to route orders directly from RealTick to such major market participants gives RealTick users a key advantage when seeking maximum liquidity and best execution, so we anticipate great demand," he adds.
"RealTick is a highly-respected trading platform with advanced functionality and speed," said Andrew Silverman, Managing Director, Head of Distribution, Morgan Stanley Electronic Trading. "We are pleased to establish RealTick as a connectivity partner."
Morgan Stanley joins Townsend's global multi-broker network, including BNY ConvergEx, Credit Suisse, HSBC, Instinet, Lehman Brothers, Merrill Lynch and UBS. Townsend's 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 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.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 33 countries. For further information about Morgan Stanley, please visit http://www.morganstanley.com.