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 added agency broker On Point Executions' new Sting smart-routing solution as a destination for best execution in US equity options markets.
STING is an evolving smart-router for the US option and equity industries. It uses next-generation technology and algorithms to sweep all six US options exchanges simultaneously while seeking liquidity and price improvement. STING accomplishes this in part through direct connections to each exchange rather than a series of linkages, thereby executing against displayed liquidity without latency and quote traffic problems.
By adding STING to the execution destinations available through its RealTick EMS, Townsend answers the growing demand for capturing equity options liquidity without sacrificing price improvement, speed or anonymity.
"Townsend Analytics prides itself on providing the tools, technology and support our clients need to achieve best execution and remain competitive in the markets," explains Thomas Kim, Managing Director, Global Head of Trading Services for Townsend Analytics. "Superior execution quality helps our sell-side clients to deliver added value to their customers, so we're pleased to complement RealTick's advanced DMA functionality with On Point's high-quality execution services," he adds.
"We are seeing a definite increase in demand by institutions seeking to diversify their investing into options and the US equity Options markets, so we are excited to offer Townsend Analytics' global network of clients with the highest quality of order execution in the equity options markets," comments John Lapertosa, Managing Partner and Co-Founder of On Point Executions. "With a substantial user base in 94 countries, Townsend's RealTick presents us with an extraordinary opportunity to extend our solution to tens of thousands of traders globally," he adds.