TradingScreen, the premier provider of multi-broker, multi-asset class execution management systems (EMS), today announced that they are partnering with Merrill Lynch to offer a fully integrated electronic trading and prime brokerage solution to deploy globally to its clients.
Merrill Lynch's clients using TradeSmart, can trade globally across all asset classes and monitor their real-time intraday positions and P&L within the application.
The solution will join Merrill Lynch's sophisticated and highly customizable electronic trading strategies with its global prime brokerage offering, recently ranked the #2 prime broker overall by Global Custodian magazine. This will allow clients to maximise their operational efficiency, especially in an environment of high market volatility. Furthermore, TradingScreen's unique ASP deployment model will mean that this new functionality will be immediately available to all of Merrill Lynch's hedge fund clients worldwide.
"We are excited about the opportunity Trading Screen is offering us to package our prime brokerage services and electronic trading solutions into a single, multibroker platform. A seamless integration of position management, stock loan, financing and multi-asset trading into one global platform will enhance Merrill Lynch's competitive edge for its hedge fund and institutional clients requiring bundled financing and execution services," said Jarrod Yuster, head of Global Portfolio and Electronic Trading at Merrill Lynch.
"TradingScreen is delighted to further enhance the service it offers to Merrill Lynch's large hedge fund client base. Understanding and then integrating as tightly as possible into the client's workflow throughout the order life cycle has always been a central objective and this project undoubtedly delivers very powerful, new functionality in this regard." says Philippe Buhannic, CEO of TradingScreen.