Green Key launches quote management platform for OTC brokers

Source: Green Key Technologies

Green Key Technologies, a technology solutions provider, announced today the launch of The Block Pool℠, a click-­‐entry platform designed specifically for over-­‐the-­‐counter brokers executing off-­‐exchange transactions.

The environment enables the private negotiation, aggregation and crossing of quotes, which can be routed to a central clearing house to be matched, cleared and made available for audit.

In addition, Green Key Technologies is offering Trader Voice Box℠, a light weight VoIP software client that enables brokers to communicate with their traders and customers from anywhere in the world, securely and at a fraction of the cost and time required of legacy hardware turrets.

"The Block Pool and Trader Voice Box were designed to help OTC brokers manage both voice and electronic liquidity side-­‐by-­‐side without the need for physical infrastructure," Anthony Tassone, Chief Executive Officer for Green Key Technologies, said. "The internal broker platform provides efficiencies through one-­‐click matching and one-­‐click trade reporting."

"Through transaction logs, timestamps, voice recordings and clearing integration, Green Key Technologies provides an effective way for over-­‐the-­‐counter brokers to meet compliance standards," James Falvey, General Counsel for Green Key Technologies, said. "The Block Pool was created with the Dodd-­‐Frank financial industry legislation and new CFTC reporting and clearing requirements in mind and it operates under exchange block trading rules, which mandate privacy."

Fully managed and supported, The Block Pool and Trader Voice Box enable brokers to rapidly set up voice communication and efficiently aggregate and manage their own electronic pools of OTC liquidity. Designed by Tassone and developed by Stockholm-­‐based trading systems vendor Baymarkets, The Block Pool's quote management system can be used for block trading on a Swap Execution Facility (SEF) or Designated Contract Market (DCM).

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