Thinkorswim, Inc., a financial technology pioneer and the industry-leading online brokerage division of thinkorswim Group Inc. (Nasdaq: SWIM), today announced that thinklink, its sell-side trading, order management and DMA platform, will be used and distributed globally by Marco Polo Network, the largest independent platform for electronic trading of listed and traded securities in the global emerging markets.
Rollout is scheduled for Africa this month, followed by South America, Asia and Europe.
The thinklink order management system gives brokers in the U.S. and globally the ability to receive and send electronic order flow from clients around the world. thinklink is fully customizable and features facilitation of a paperless trading environment; end-of-day processing; execution allocation; point-and-click functionality; basket trading; rule-based trading; customized reporting; real-time data feeds; and market connectivity to exchanges, ECN's, market makers, floor brokers, and best execution smart routers.
"Marco Polo Network has unprecedented expertise and capabilities in emerging markets worldwide," said Tom Sosnoff, President of thinkorswim, Inc. "This arrangement opens a tremendous new market for thinklink and we look forward to working closely with Marco Polo Network as our order management and DMA platform is rolled out in Africa, and to other emerging markets."
"thinklink provides the emerging markets with advanced technology and a robust platform to enable greater access to global markets. We conducted an extensive evaluation in choosing our partner in this expansion, and the thinklink platform clearly offers the best combination of reliability, functionality and flexibility," said David Meredith, Chief Technology Officer of Marco Polo Network. "The thinkorswim team understands the quality of service needed to be successful on a global deployment. We are excited to work with them as we continue in our objective of becoming a leading technology provider to financial services firms across the globe."
thinkorswim offers a robust spectrum of institutional products, including thinkpipes, a professional execution platform offering direct access to all US financial markets and products, advanced options trading functionality, dynamic portfolio analytics, multi-broker execution, and real-time risk management as well as thinkfix, a "black box" trading interface designed for automated trade routing and execution reporting with an API available using the standard FIX protocol.