Under the terms of the agreement, TradingScreen will offer AXES GEMS (Global Execution Management System), the only electronic trading platform that provides trade execution and settlement tracking for institutional traders in more than 100 countries representing over 250 equity and equity derivatives exchanges across the worlds developed, emerging and frontier markets.
TradingScreens flagship product, TradeSmart, is a customisable front-end GUI (Graphical User Interface) that enables buy-side clients to trade a broad portfolio of financial instruments, around the clock, on any market and with a wide range of counterparties. TradeSmart is unique in its ability to aggregate multiple-dealers and multiple products onto a single screen format for electronic order routing. Its ASP (Application Service Provider) model enables very rapid deployment and activation of users into live trading and incorporates the most comprehensive and intuitive access to the proprietary algorithmic trading strategies offered by the leading brokers. Over 800 clients are using TradeSmart in more than 80 countries.
Under the agreement, Trading Screen's clients will have access to GEMS, a multi-currency, multi-asset system that provides a single point of entry to AXES' exclusive worldwide broker network.AXES GEMS platform offers global trading functionality, straight-through processing and seamless integration with custodians and clearing agents. AXES exclusive partnerships with leading local brokers around the world each of which are direct members of their local exchanges offer institutions trading on GEMS in-depth, on-the-ground market intelligence. These institutions also have access to the global research product created by AXES and its broker partners to identify new trading opportunities in the global markets.
AXES provides institutions with the efficiencies of GEMS automated process management combined with the trade execution services and back-office operations that are essential to global cross-border trading. Client Orders routed through GEMS are transmitted delivered electronically to an AXES network broker in the destination market for direct execution on the local exchange. Orders can also be managed by the local trading desk in the destination market to minimize market impact. GEMS post-execution tracking feature automatically transmits all trade details to back-offices and banking institutions and provides real-time status to ensure accurate and timely settlement.
A natural evolution to our vast offering to trade in multiple asset classes is to continue to extend this service to include more of the worlds emerging and frontier markets, says Philippe Buhannic, President and CEO of TradingScreen. We are excited to offer our clients the capability to find value and trade electronically in virtually any market in the world. With our partnership with AXES, clients will have the ability to seamlessly route orders to any AXES broker partner on the GEMS platform providing the end-to-end trading services our clients need.
Investing in the global equities markets has increasingly become one of the top priorities for the institutional investor, said Peter Gaffney, President of AXES. As developed markets are maturing and value becomes more difficult to find, the number of institutions seeking to build their exposure in emerging and frontier markets also continues to grow. Through our new relationship with TradingScreen, we are pleased to offer their clients a solution that is the most comprehensive trading platform for investing in the global markets.