Townsend Analytics to deliver Thomas Weisel algorithms, execution services

Source: Townsend Analytics

Thomas Weisel Partners and Townsend Analytics have agreed to supply clients with access to Weisel Execution Services (WES), the investment bank's proprietary algorithms and equities execution services through Townsend Analytics' flagship Execution Management System (EMS), RealTick.

Townsend Analytics is a leading provider of multi-broker, multi-asset, multi-region and multi-route electronic trading solutions for the global capital markets. The agreement builds on Townsend's existing relationship with Thomas Weisel Partners, and allows clients to directly route U.S. equity orders to WES for execution using Townsend's direct-market access exchange/ECN routes.

Clients of both firms may use Thomas Weisel Partners' suite of algorithms, which include VWAP, TWAP, Arrival Price, Volume Participation, Get It Done, Small Cap, Closing Price, SPY, and custom strategies.

"Our trading team strives to provide best execution in an efficient and anonymous manner, and we have long relied upon RealTick to help us deliver this service to our clients," explains Stephen R. Blatney, Head of Electronic Trading, Thomas Weisel Partners. "This expanded relationship reaches a broader audience through Townsend's global multi-broker network, and allows both sides' clientele to benefit from Weisel's excellent execution strategies and services."

"We are pleased to welcome Thomas Weisel Partners into our global multi-broker network and look forward to integrating new algo strategies as they emerge," comments Thomas Kim, Managing Director, Global Head of Trading Services for Townsend Analytics. "Our continued commitment to delivering a true multi-broker EMS solution through rich functionality, global connectivity, world-class differentiating support and internal transparency makes us an ideal partner for firms like Thomas Weisel Partners."

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