GlobeNet Securities, Inc., the electronic trading system for over-the-counter bulletin board (OTCBB) securities, is now integrated with Dallas-based TSI Holdings, Inc.'s TradeAnywhere suite.
The relationship provides TradeAnywhere's subscribing broker-dealers with an automated system to trade OTCBB securities. It is the latest success for GlobeNet's system which increases access, liquidity and transparency for the underrepresented OTCBB market. The scalable trading platform can process 5,000 orders per second, 5 million trades per day and 10 million orders per day.
GlobeNet recently received approval to operate as an ECN, allowing subscribers to seamlessly execute OTCBB, Nasdaq, and listed security orders.