TradingScreen, the leading provider of execution management systems (EMS), today announced that its first clients have begun to trade U.S. Treasury securities using eSpeed technology offered by BGC Partners L.P. and the family of its affiliated company ("BGC"), a global leader in servicing the wholesale financial markets.
Clients are now accessing BGC's eSpeed system via TradingScreen's TradeExchange product suite, designed for low-latency access to fixed income trading through a Software-as-a-Service (SaaS) model.
By using eSpeed, BGC's proprietary trading platform, TradingScreen's clients can tap the liquidity of the U.S. treasury market using the access model, which is designed to be as quick and efficient as if they had direct access, without the constraints of implementation time or the required investment in infrastructure and networking.
"Having clients start to trade on eSpeed is another big step forward for TradingScreen, as we continue to build out our network of links for our TradeExchange product," said Arnold Roxas, Head of Fixed Income Business Development. "TradingScreen is the world's largest execution management system available via software as a service. Access to BGC's eSpeed system adds tremendous value to our network of liquidity destinations, giving our clients easy access to one of the premier liquidity pools for fixed income."
TradeExchange offers a turnkey solution for investors to connect directly, or via a sponsored screen, to the largest liquidity pools and across all asset classes including equity, listed derivatives, and fixed income. But TradeExchange also offers a suite of products for sponsoring firms to control access and administrate customer flow.
"We have worked closely with TradingScreen through the BGC Preferred Vendor Program and are delighted to see our first mutual client move into production," said Robert Brown, Global Head of eBusiness Integration at BGC. "TradingScreen's intuitive trading platforms will allow many of their core clients to access our leading fixed income exchange and join the growing community of firms embracing trading across multiple asset classes."