Source: Townsend Analytics
Merrill Lynch and Townsend Analytic, a leading provider of multi-broker, multi-asset, multi-region, and multi-route electronic trading solutions for the global capital markets, have agreed to work jointly to supply clients with direct access to Merrill Lynch's custom algorithms and smart order routing strategies via Townsend Analytics flagship Execution Management System (EMS) RealTick.
The alliance enables both firms' clients to tap directly into Merrill Lynch's entire suite of algorithm-based custom trading strategies- such as Block Seeker, and also gain access to Merrill's smart order routing strategies. Clients can now route North American and European securities and U.S. equity options through RealTick and execute trades using Merrill Lynch's sophisticated smart order functionality to fully control and manage their global trading, lessen the market impact of a trade, and preserve anonymity.
"As we continue to expand global access to Merrill Lynch's execution services, we're seeing increasing client demand for customizable, multi-product trading capabilities in a single platform," explains Jarrod Yuster, Head of Global Portfolio and Electronic Trading at Merrill Lynch.
"RealTick provides rich global data and advanced order entry, routing and risk management functionality, so we're excited to be able to offer clients an integrated solution for algorithmic trading and smart order routing and execution," he adds.
"As RealTick users continue to demand faster and more direct access to advanced broker algorithms in their pursuit of best execution, we are delighted to be expanding upon our global relationship with Merrill Lynch," states Michel Finzi, Managing Director, Global Head of Sales and Marketing for Townsend Analytics. "By offering direct access to Merrill Lynch's custom algorithms we are providing them with yet another means to achieve their best execution goals."