Spear, Leeds & Kellogg and Eze Castle offer combined trading system
28 May 2003 | 2434 views | 0
Spear, Leeds & Kellogg, (SLK), a Goldman Sachs subsidiary and provider of electronic execution services to institutions, hedge funds, and broker-dealers, is partnering with EZE Castle Software to deliver a real-time trading solution for order management, routing, and execution.
Duncan Niederauer Co-CEO of SLK, says the interface goes deeper than simple FIX links, and instead embeds SLK's RediPlus order routing and market data product with ECS' Traders Console order management system.
"We rolled out the integrated product to a number of clients in Q1 2003 with the goal of closing the existing gaps between order management, real-time market data, and execution," says Sean McLaughlin, founder and CEO of Eze Castle Software. "Our clients no longer have to leave the OMS environment to access market data or execute orders; it is now available through the Traders Console front-end."
More than 8500 buy, sell, and active-retail traders use RediPlus, SLK's flagship product developed in 1996 for the execution of stocks, options, and futures in the US and European markets.
Released in January 2003, the latest version of Traders Console interfaces with over 60 back-office systems, including portfolio accounting systems, virtual matching utilities, prime brokers/custodians, and other third-party applications.