Lava wins BB&T Capital Markets contract

Lava wins BB&T Capital Markets contract

BB&T Capital Markets has selected Lava Trading's ColorPalette as its new trade order management system for its US based equity trading desk.

Chuck Young, SVP, equity trading, BB&T Capital Markets, says the Lava Trading package was selected after an extensive request for proposal process involving several OMS providers.

"Lava has a well-earned reputation as a technology leader on Wall Street, and ColorPalette is clearly a superior trade and order management solution," he says.

In addition to deploying ColorPalette internally to its trading desk, the firm will use Lava's technology for routing and execution and is also considering being a participant in the vendor's sponsored broker programme, which would provide its institutional customers with direct market access.

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