RealTick's institutional buy-side clients and investors around the world now have direct access to the enhanced functionality and trading flexibility offered by the ISE Stock Exchange. ISE's equity trading platform combines a fully displayed stock market with its MidPoint Match liquidity pool for trading equities anonymously at the midpoint price of the National Best Bid and Offer (NBBO).

Through its order types, the ISE Stock Exchange provides an innovative way to integrate dark and displayed pools of liquidity to maximize execution quality. RealTick clients will be able to submit both standard MidPoint Match orders and also Displayed Market orders to the ISE Stock Exchange through RealTick's DMA interface.

Andrew Brenner, head of the ISE Stock Exchange, stated, "As the ISE Stock Exchange continues to expand, we are excited to partner with Townsend Analytics to provide their clients with access to our Exchange. RealTick users will have access to a variety of ISE Stock Exchange order types that will enable them to benefit from the interaction between our non-displayed and displayed liquidity pools and to have the opportunity for price improvement."

"We are pleased to be in a position to expand upon our existing relationship with ISE. They are a recognized innovator in the exchange space," comments Townsend Analytics CEO Jeff Wecker. "As the equity and derivative markets continue to undergo explosive volume and product growth, our expansion with ISE represents a natural progression for Townsend and our multi-routing and multi-asset trading capabilities."

Prior to the expansion, RealTick provided DMA access to ISE's options exchange and currently supports the following ISE functionality and options order types: Day Orders, Good-Til-Cancel (GTC) and Stop Orders.