Source: International Securities Exchange
The International Securities Exchange (NYSE: ISE) today announced that Lava Trading has added the ISE Stock Exchange as an equity execution destination.
Lava joins other trading solutions providers connected to the ISE Stock Exchange, including InstaQuote, MIXIT, Neovest, Portware, Orc Software, and Order Execution Services.
Andrew Brenner, head of the ISE Stock Exchange, noted, "We are very pleased to add Lava to the growing list of trading solutions providers connected to the ISE Stock Exchange. Through the ISE Stock Exchange's unique dual platform, orders routed through Lava will have access to both our displayed and non-displayed pools of liquidity to maximize execution quality."
The ISE Stock Exchange is an all-electronic, Regulation NMS compliant trading system. ISE's equity trading platform integrates a fully-displayed stock market with its innovative MidPoint Match offering for trading equities anonymously at the midpoint price of the National Best Bid and Offer (NBBO).
Lava is a cost-effective, neutral provider of high-performance OTC, Listed and Foreign Exchange trading solutions for the financial services industry. Its products, created as true ASP solutions, are used by leading broker/dealers, including most of the top 20 U.S. investment banks, market makers, hedge funds and institutional investors.
"We are pleased to team with the ISE Stock Exchange and to offer our equities clients an additional execution destination," said Jim Weber, Managing Director, Lava Trading. "This is in keeping with our commitment to provide optimal market access and help our clients achieve best execution."