14 February 2016

LSE Proquote unveils global order routing network for retail brokers

31 October 2013  |  1570 views  |  0 Source: London Stock Exchange

London Stock Exchange Group today announces that their proprietary data and trading provider, Proquote, has launched a global order routing network for retail brokers.

The new technology will allow them to route Care Orders and Direct Market Access (DMA) instructions through a community of sell side brokers.

Proquote customers will have the ability to submit orders via their existing electronic FIX interface. Additional functionality for manual dealers to access via a Proquote Trader Desktop will be launched in the coming months. The ability to access global securities through order routing follows the recent expansion of Proquote's Retail Service Provider (RSP) gateway enabling access to Request For Quote for European and North American cash equities.

David Tibbetts, Head of Proquote at London Stock Exchange, said: "This is a significant development for Proquote. Following the successful expansion of our RSP network into North America and Europe, the ability to offer Direct Market Access through our broker community gives our customers a truly global reach. We look forward to working with them to further enhance our data and trading offering."

Proquote offers a wide range of market data, trading and risk and compliance services. Through Proquote's Electronic Execution gateway, over 120 brokers can connect with more than 30 RSPs. Earlier this week Proquote celebrated its tenth anniversary as part of London Stock Exchange Group. 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
UK sets out open banking API frameworkUK sets out open banking API framework
16474 views comments | 106 tweets | 91 linkedin
Deutsche Bank calls for co-operation with fintech firms on B2B servicesDeutsche Bank calls for co-operation with...
9185 views comments | 30 tweets | 30 linkedin
How to accelerate your fintech startupHow to accelerate your fintech startup
8936 views comments | 35 tweets | 10 linkedin
Is Paym a failure?Is Paym a failure?
7286 views 16 comments | 23 tweets | 16 linkedin
Visa issues API to offer consumer control over card transactionsVisa issues API to offer consumer control...
6648 views comments | 17 tweets | 28 linkedin

Featured job

up to £95K base, £190K OTE, benefits
London, UK

Find your next job