TradingScreen launches TradeExchange
Nov 13, 2008 (Datamonitor via COMTEX) --
TradingScreen, a provider of multi-broker, multi-asset class trading systems, has launched TradeExchange, its proprietary network of managed exchange links which will provide exchange members with a lowlatency direct connectivity solution, without infrastructure support or maintenance.
According to the company, TradeExchange offers a high capacity, low latency, network and links locally hosted exchange connections to a highly normalized messaging framework. These exchange links span across the largest equity and listed derivatives exchanges.
TradingScreen said the offering will also allow exchange members to combine immediate use of the access privileges of their membership while establishing a low latency environment at a fraction of the traditional cost. This necessary and novel approach is an enhanced, logical solution when compared to the costly and high maintenance deployment strategies of the past.
TradeExchange integrates fully with TradeNet, TradingScreen's proprietary multi-broker and multi-asset class network that connects more than 2100 Buy side or Sell side around the globe. This interconnection permits member clients to route orders to non-member markets, or to alternatively access a readily available back-up connection, said TradingScreen.
TradeExchange is also seamlessly reachable through TradingScreen flexible range of execution management interfaces: TradeSmart, TradeExcel and TradeFIX providing the most powerful trading global environment in the industry, added TradingScreen.
Philippe Buhannic, CEO of TradingScreen, said: "TradingScreen's independent, multi-broker capability and global reach has always set it apart from the traditional approach of one to one proprietary front end systems. TradeExchange is a logical complement to our current offering and gives our clients a higher level of simplicity and reliability within the complex exchangelinks business."
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