TradingScreen, the leading independent provider of liquidity, trading and investment technology via SaaS, today announced that its client Nectar Capital had just started trading its fifth asset class on the award-winning TradeSmart execution management system (EMS).
London-based Nectar Capital, through its hedge fund product called the Nectar Global Alpha Fund, is now using TradingScreen's TradeSmart to actively trade equities, foreign exchange, fixed income, futures and options.
Many hedge funds are now embracing multi-asset class electronic trading platforms to adapt to a changing regulatory and business environment. TradingScreen makes it available on one platform.
"Nectar Capital has traded globally on a multi-asset class basis from the very beginning, and that is why TradingScreen has been such a good partner for us as we continue to expand our trading reach to express our investment ideas," said Robin Grant, Chief Operating Officer of Nectar Capital. "Although current market conditions lend themselves to a multi-asset class focus, this has always been fundamental at Nectar Capital. Hedge funds were originally conceived to provide a hedge for investors by generating non-correlated absolute returns in all periods of the economic cycle. For us that always assumed a multi-asset class approach to the markets."
Regulators are now pushing funds to seek out best execution, which requires clients to use a single repository of transactions that provides increased transparency, auditability and efficiency across multiple asset types. At the same time, funds are encouraging traders to better manage their implied risks, increase productivity, and seek more complex opportunities by trading multiple asset classes, which also lends itself to a single multi-asset electronic trading platform.
"Nectar has a similar orientation to us, focused on trading multiple asset classes from day one," said TradingScreen CEO Philippe Buhannic. "Both of our firms were ahead of the curve in anticipating the multi-asset class trend. For TradingScreen, that means we have a superior electronic trading platform relative to competitors that started out as single-asset platforms and back integrated other security types. With tthe current revolution that is happening in the OTC markets this approach will be unavoidable for the top managers."