TowerGroup names TradingScreen among top four independent EMS providers; Waters selects TradingScreen in top three for "Best Execution Management" in financial industry rankings.
TradingScreen, Inc., the leading provider of multi-broker, multi-product trading platforms with straight-through-processing, was recently ranked third in Best Execution Management by Waters’ July 2006 financial industry survey, and among four remaining Independent EMS providers by TowerGroup.
Waters Rankings serve to acknowledge the important role that technology plays in keeping the financial industry running smoothly. In this survey more than 500 readers from six continents were asked to pick the industry’s best providers of tools and services in 23 categories. The 2006 survey is the fourth ever annual Waters Rankings of financial services providers.
"It is a delight to us to see this wonderful recognition of customer satisfaction with our TradeEMS product. TradeEMS as a product came to life after many customers expressed their dissatisfaction with the existing tools available in the marketplace, which were all heavy in implementation and not trader oriented", says Philippe Buhannic, President and CEO of TradingScreen. "TradeEMS was conceived from day one as an integrator of the existing pieces of infrastructure (PMS, Networks, etc) and as a low overhead system, while bringing very powerful EMS capabilities."
Simultaneous to the Waters announcement, TowerGroup has named TradingScreen as one of four independent providers of EMS platforms in the US, in its study And Then There Were None? Analysis and Review of the Dwindling Independent EMS Platforms authored by Gavin Little-Gill.
This recent study, released in July, explains that a series of acquisitions by institutional brokers over the last four years has slowly narrowed the US EMS market to a core of only four providers. According to Mr. Little-Gill, "The remaining independent providers are still relevant because buy-side firms need multi-broker, cross-asset-class platforms with access to third party algorithms and portfolio trading capabilities." Furthermore, independent providers can tightly integrate with order management system (OMS) platforms, thereby facilitating the buy side’s application of stand-alone EMS platforms. TradingScreen can readily offer all of these advantages.
TradingScreen introduced its first EMS platform in 2000, and today has over 500 clients, which represents more clients than FlexTrade, InfoReach and Portware combined. TradingScreen’s client base is heavily concentrated in the hedge fund arena, although a quarter of its clients are large institutional asset managers – a segment that is expected to grow even more next year. While TradingScreen is best known outside US markets, with offices in London, Paris, Tokyo and Hong Kong as well as New York, TowerGroup is observing closely as it boosts its US sales and distribution efforts. Gavin Little-Gill writes of TradingScreen, "it will likely excel among firms looking to gain access on a single-stock basis to disparate exchanges. TradingScreen appears well positioned to take advantage of market trends."
The TradingScreen execution management system platform enables broad access to a range of financial asset classes, including equities, options, futures, FX and, most recently, fixed income. The trading system provides use of algorithms from over 20 global brokers, and is the first to offer algorithms for futures markets. TradingScreen also operates and administers its own propriety FIX network on a hub called TradeNET to facilitate connection with execution venues and brokers. Furthermore, this system integrates with over 20 OMS solutions.
For more information on TradingScreen’s EMS platforms, or to request a demo, please contact TradingScreen at:
US Sales:
+1 212 375-9013
European Sales:
+44 (0) 207 149 3102
Japan Sales:
+81 (0) 3 3568-2022
Hong Kong Sales
+85 2251 2240
Or email us at sales @ tradingscreen.com
ABOUT TRADINGSCREEN:
TradingScreen Inc. is accelerating the technical evolution of the financial markets by providing a fully integrated, customer-oriented trading service platform to institutional investors. The proprietary TradingScreen platform links institutional investors and sell side firms together to facilitate order routing, execution management, clearing, and additional value added services, such as real straight through processing and prime brokerage enabling across all asset classes. TradingScreen provides global coverage from offices in New York, London, Paris, Hong Kong and Tokyo. Further information can be found at http://www.tradingscreen.com.
ABOUT TOWERGROUP:
TowerGroup is the world's leading research and consulting firm focused on the global financial services industry. Continuous Advisory Services (CAS) deliver a complete view of the trends and issues financial services executives face as they make critical business and technology decisions.
For more than a decade, they have been providing the world's top financial services, technology, and professional services companies with trusted advice and continuous, timely, and objective information. TowerGroup is a wholly owned subsidiary of MasterCard International and operates as a separate business entity with complete editorial independence.
TowerGroup thoroughly understands the complexities of the financial services industry. With unrivalled industry experience and outstanding analytical prowess, their strong team of analysts and investment consultants cover the business and technological issues impacting the entire financial services sector. Further information can be found at http://www.towergroup.com.
CONTACT DATA:
Miranda Tan at Excite Media Group
TradingScreen Public Relations
New York, NY 10003
212-941-8499 ext. 102
