Axes partners UNX to offer direct access to US markets
14 December 2007 | 1398 views | 0
Axes, a leading global agency broker and pioneer in electronic trading access to the world's developed, emerging and frontier markets, today announced that it has partnered with UNX, the market structure experts and innovative electronic trading technology company, to offer advanced order execution and algorithmic trading services to AXES' global client base.
The partnership enables AXES to provide its exclusive network of brokerage firms with the ability to trade algorithmically in the U.S. using UNX's market-leading consolidated depth of book quotes from all U.S. markets, its full algorithm suite, and its sophisticated transaction cost analysis tools. Those UNX tools will be accessible through GEMS, AXES' cross-border trading system, which provides a single point of entry to an exclusive partner network of foreign brokers in more than 100 countries trading in over 250 equity and derivatives exchanges across the world's developed, emerging and frontier markets.
"We are very pleased to be offering our clients access to UNX's advanced executions services," said Peter F. Gaffney, president of AXES. "This partnership with UNX allows AXES to provide our exclusive brokerage partners around the world with the highest quality algorithmic trading tools and execution in the US markets."
"We are excited to be partnering with AXES to provide their clients with the ability to trade U.S. securities on their global execution platform," said Scott Harrison, CEO of UNX. "UNX provides highly customizable, advanced trading solutions that have been tailored to meet the unique needs of AXES' brokerage partners."