TradePlus, which will be available globally later this month, integrates all trading infrastructure required by broker dealers through a no-install Software-as-a-Service model.
TradingScreen’s TradePlus clients will benefit from an exchange co-located in a local datacenter and an office in Brazil, which ensures low-latency and the industry leading follow-the-sun support that TradingScreen is known for. TradePlus has seamless integration into the world’s leading execution management system (EMS) for the buy side, TradingScreen’s TradeSmart, ensuring a new level of communication between brokers and their clients.
“Sell-side firms looking to buy an OMS face significant challenges when trying to find a system that will integrate with their buy-side customers,” said TradingScreen CEO Philippe Buhannic. “TradingScreen’s TradePlus provides a significant advantage, because there is integration between both sides right out of the box.”
TradePlus covers the entire workflow from liquidity management, order management, book passing, warehousing, sophisticated trading tools, an algo development environment, allocation management and supports a full integration to local back office and middle office systems while leveraging the TradeNet network distribution capability.
“TradePlus offers an innovative set of hosted exchange links and risk and compliance features that insure a new level of control in a high-volume trading environment. TradePlus also provides a highly sophisticated and efficient method for trading the Brazilian equity and listed derivatives markets, while allowing brokers to give their clients the best EMS in the market,” said Jose Barrera, Director of TradingScreen’s Sao Paulo office. “TradingScreen has the largest number of deployed EMS screens globally, and a deep understanding of the market in Brazil. With this foundation beneath it, TradePlus is the right product at the right place and the right time.”
The new service, situated in close proximity to the BM&F BOVESPA exchange, will provide trading firms with cost effective, low latency access to the real-time data required to fuel algorithmic and high-frequency trading strategies in Brazil.
Based in São Paulo, the new Elektron data solution delivers high speed connectivity to BM&F BOVESPA for market participants seeking local liquidity in Brazil, including full depth of market pricing along with US-traded American Depository Receipts (ADRs) and CME futures data. By accessing the Elektron services, either through cross-connecting applications within the data centre or externally through a choice of connectivity options, local firms can consume both low latency local market content as well as global, cross-asset real-time data from over 350 electronic venues and hundreds of OTC market contributors and reference data sources.
Investor interest in the fast-growing Brazilian market has increased rapidly in recent years, driving market liquidity and seeing an expanding number of domestic and international firms adopting algorithmic trading. Elektron Hosting and Managed Services provides the comprehensive, high-quality, real-time data and high-performance delivery required to support these trading strategies and help customers gain competitive advantage.
Mike Powell, managing director, Elektron Hosting and Managed Services, Thomson Reuters, said: “The launch of Elektron in Brazil is a natural extension of our established business in the country and supports our customers’ evolving requirements. With Elektron, we continue to bring together global market participants and deliver world-class content that further empowers these communities. We are delighted to be working with BM&F BOVESPA in Brazil to address the requirements of our collective clients for high-performance, cost-efficient data solutions.”