InfoReach, a provider of execution management technology has announced that its InfoReach TMS (Trade Management System) will be distributed in the emerging markets by Marco Polo Network, the largest independent platform for electronic trading of listed and traded securities in the global emerging markets. These markets include South America, Asia, Europe and Africa.
The InfoReach TMS (trade management system) is a robust trading system that manages equities, futures, options and foreign exchange. The TMS platform combines order-entry, rule-based trading, order management, and FIX connectivity in a single broker-neutral trading platform.
"Firms in these emerging markets require advanced tools to help them navigate a rapidly changing global marketplace," said Allen Zaydlin, CEO of InfoReach. "They need best execution via a scalable and flexible trading platform. This partnership with Marco Polo Network enables our advanced trading technology to be used and deployed in these markets very seamlessly. Marco Polo Network has great expertise and experience in emerging markets worldwide, and we look forward to working with them in the years ahead."
InfoReach's TMS system is a multi asset class high frequency trading platform that has basket trading, order routing, pre and post-trade allocations, advanced algorithm and real-time position monitoring capabilities.
Additionally, Marco Polo Network will be using the full InfoReach product to further develop proprietary algorithms for Brazil, Mexico and other active markets. They have branded it as Logita and are already deploying it to two leading clients.
"The Emerging Markets in Asia, South America, Europe and Africa have increasing requirements for high frequency electronic trading and use of algorithms. Marco Polo's global network offers the broadest range of connectivity into those markets and we were seeking a world-class advanced trading system that will complement our network in the more active markets", said David Meredith, Chief Technology Officer at Marco Polo Network.
"In selecting a platform, we were looking for a partnership that provided an advanced broker-neutral trading system. Global clients demand a "best in market" solution for local brokers in the more active emerging markets. The advanced features available in the platform and the ease of deployment have resulted in immediate interest from the brokers on our network."