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TradingScreen will offer an ASP connection to BGC's eSpeed platform to provide low latency access to liquid US Government securities to the Sell Side or the Buy Side trader. With its connection to BGC's platform, TradingScreen's easy-to-implement ASP infrastructure and powerful range of execution management interfaces will offer traders a fully integrated trading solution from market data to order routing to complex multi-asset class, execution strategies.
This innovative integration will enhance the range of services offered to fixed income traders and pave the way for the deployment of algorithms in the trading of fixed income, an asset class which is now beginning to gain important traction in the Algo revolution.
"TradingScreen strives to bring new tools to sophisticated traders to help them operate more efficiently in ever complex and challenging markets. In the Fixed Income market, Algos and streaming prices can revolutionize the existing trading model with great benefits for the Buy Side and Sell Side alike. TradingScreen continues to listen to market participants and in response, assembled a string of functionalities constituting a major breakthrough in the access to Fixed Income markets. The connection with BGC is a very important step on the way to realize this new vision," says Philippe Buhannic CEO of TradingScreen.
Robert Brown, Global Head of eBusiness Integration at BGC, added, "The fixed income landscape is changing significantly, not least following the recent successful launch of ELX Futures, L.P., a new fully regulated electronic futures exchange. In addition, we have seen the profile of market participants shift as traders at large and small firms move increasingly towards trading multiple asset classes. At BGC we aim to offer our customers the most flexible and efficient way to trade the range of electronic products on our platform, which includes US Treasuries. Therefore Trading Screen's cross asset capability makes it a good fit for our preferred vendor program."
Interested press and analysts may contact:
TradingScreen
Aitor Uria Saporiti at: aitor.uria@tradingscreen.com
Direct: +44 207 149 3141
BGC Partners, Inc.
Courtney Goldstein at: cgoldstein@bgcpartners.com
Direct: +1 212 294 7942
ABOUT TRADINGSCREEN INC.
TradingScreen is the leading independent provider of electronic trading solutions to the Buy Side. The company offers a suite of execution management and connectivity solutions encompassing all asset classes across global markets. TradingScreen's goal is to simplify the complexity caused by market fragmentation and the proliferation of asset class and broker specific trading tools, by consolidating execution management of both exchange traded and OTC instruments on a single platform. TradingScreen brings the major global sell side participants and leading regional brokers to a common environment. The benefit to clients is an exceptional reach across counterparties, products, geography and services ranging from execution to algorithmic trading services, prime brokerage and clearing. This functionality is delivered through a proven and reliable ASP install- and-support model. TradingScreen provides global coverage from offices in New York, Chicago, London, Paris, Madrid, Geneva, Sao Paulo, Hong Kong, Singapore, Sydney and Tokyo. http://www.tradingscreen.com
ABOUT BGC PARTNERS, INC.
BGC Partners is a leading global intermediary to the wholesale financial markets, specializing in the brokering of a broad range of financial products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, structured products and other instruments. BGC Partners also provides a full range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back office services to a broad range of financial and non-financial institutions. BGC Partners' integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, and enables them to use voice, screen-assisted, voice-assisted or, where available, fully electronic brokerage services in connection with transactions executed either OTC or through an exchange.
Through its eSpeed and BGC Trader brands, BGC Partners uses its proprietary, built, and paid for technology to operate multiple buyer, multiple seller real-time electronic marketplaces for the world's most liquid capital markets. The Company's pioneering suite of tools provides end-to-end transaction solutions for the purchase and sale of financial products over its global private network or via the Internet. BGC Partners' neutral platform, reliable network, straight-through processing and superior products make it the trusted source for electronic trading for the world's largest financial firms. Through its BGCantor Market Data brand, the Company also offers globally distributed and innovative market data and analysis products for numerous financial instruments and markets. BGC Partners' customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments and investment firms.
BGC's unique partnership structure and extensive employee ownership create a distinctive competitive advantage among its peers. Named after fixed income trading innovator B. Gerald Cantor, BGC Partners has 18 offices in New York and London, as well as in Beijing (representative office), Chicago, Copenhagen, Hong Kong, Istanbul, Johannesburg, Mexico City, Nyon, Paris, Rio de Janeiro, Sao Paulo, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information, visit http://www.bgcpartners.com
Discussion of Forward Looking Statements by BGC Partners, Inc.
Statements in this press release regarding BGC Partners' business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC Partners' Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors set forth in our public filings which we incorporate by reference, including our Form 10-K for the year ended December 31, 2008, as filed with the SEC on March 16, 2009 and any updates to such risk factors contained in subsequent 10-Q filings.
To see press release go to http://myprgenie.com/2764
SOURCE TradingScreen
http://www.tradingscreen.com
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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