22 October 2017

Townsend Analytics connects to ISE's MidPoint Match platform

02 May 2007  |  1561 views  |  0 Source: Townsend Analytics

Townsend Analytics, a leading provider of multi-broker, multi-asset, multi-currency, and multi-route electronic trading solutions for the global capital markets, today announced the successful expansion and activation of its direct market access (DMA) connection with the ISE Stock Exchange.

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.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comRegister now

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10423 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
9922 views comments | 17 tweets | 24 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9045 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8121 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7889 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job