16 August 2017
visit www.avoka.com

Townsend Analytics adds UBS algorithms to RealTick platform

26 July 2007  |  1995 views  |  0 Source: Townsend Analytics

Townsend Analytics, a leading provider of multi-broker, multi-asset, multi- region and multi-route electronic trading solutions for the global capital markets, has integrated two new algorithmic trading strategies from UBS Investment Bank into Townsend's flagship Execution Management System (EMS), RealTick.

The liquidity-seeking algorithms, including Tap and TapNow, are the latest addition to the UBS global Direct Execution services available through RealTick since 2005.

Both algorithms are customizable and seek liquidity from all available sources, including UBS' large internal pool of liquidity, other alternative trading systems and dark pools, and traditional exchanges and displayed markets. Tap offers the trader a range of urgency options which control how fast an order fills, and how much of the order may interact with displayed markets. It also minimizes exposure to 'gaming' and 'negative selection' - commonly cited drawbacks of dark pool interaction.

TapNow is a highly aggressive variant of Tap. It seeks liquidity with high urgency for situations in which speed of execution is critical. TapNow is designed to also access dark and displayed market liquidity sources simultaneously.

"Our clients already use RealTick for its multi-broker cross-asset class trading capabilities and advanced execution management functionality," states Tim Wildenberg, European Head of Direct Execution for UBS Investment Bank. "Now they can further maximize execution opportunities in the global equities markets with these dynamic additions to our proprietary suite of algorithms," he adds.

"UBS Investment Bank is truly a leading provider of DMA, portfolio and algorithmic execution strategies, so we're pleased they're making these highly advanced strategies available right now to both firms' clients," states Rustam Lam, Executive Director for Townsend Analytics. "UBS represents a highly respected addition to our global multi-broker network and we believe traders will see a significant value add across their European, U.S. and Asian markets trading as a result."

The new connectivity with RealTick allows UBS to accept order flow from Townsend Analytics' institutional client base in 94 countries and territories around the world.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10947 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
10057 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9414 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9162 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8279 views comments | 6 tweets | 21 linkedin