Source: Eze Castle
Eze Castle Software (ECS), a leading provider of order management software (OMS), announced today that Morgan Stanley Benchmark Execution Strategies (BXS), BNY Brokerage, CIBC World Markets Global Electronic Trading Services (GETS), Lehman Brothers, Piper Jaffray Algorithmic and Program Trading (APT), and Miletus Trading Strategy Engines have signed on to the Algorithmic Trading Framework and will integrate their algorithmic tools with Traders Console OMS.
Eze Castle Software announced the release of their Algorithmic Trading Framework in March 2005. It is available with the latest versions of their Traders Console OMS. The Algorithmic Trading Framework enables users of Traders Console to execute electronically with sell-side algorithmic tools.
Eze Castle Software developed the Algorithmic Trading Framework technology to meet the buy-side client demand for integrated algorithmic tools within Traders Console. The integration brings the sell-side algorithmic tools to the trader's desktop. The traders will have complete control over the parameters offered by the sell-side broker on their primary workspace. A key feature of the Algorithmic Trading Framework is the addition of pre-configured Quick Send Profiles (QSP). Traders can use Quick Send Profiles to define complex routing instructions with a single "one-click" button. QSP buttons are available in the Traders Console blotter for easy access to trigger execution.
"Adding these brokers to the framework gives our buy-side clients the opportunity to incorporate various strategies from different sources in their trading procedures without increasing the steps in execution." says David Quinlan, President of Eze Castle Software. "Our mission is to allow traders to click the order and click the button. We want to minimize the steps it takes to use these new algorithmic tools."
Eze Castle Software now has eleven brokers signed on to the framework and expects to add more in the upcoming weeks. The list includes: Morgan Stanley Benchmark Execution Strategies (BXS), BNY Brokerage, CIBC World Markets Global Electronic Trading Services (GETS), Lehman Brothers, Miletus Trading Strategy Engines, CSFB's Advanced Execution Services (AES), Goldman Sachs Algorithmic Trading (GSAT), ITG, Electronic Specialist LLC (ESP), Piper Jaffray Algorithmic and Program Trading (APT), and Susquehanna Financial Group, LLLP.