HSBC gains sponsored institutional order flow from both firms’ international clients
CHICAGO and LONDON, June 28 /Xinhua-PRNewswire/ --
Townsend Analytics ( http://www.townsendanalytics.com ), a leading provider of multi-broker, multi-asset, multi-currency, and multi-route electronic trading solutions for the global capital markets, has added HSBC to its global multi-broker network.
Clients of both HSBC and Townsend are now able to route order flow directly to HSBC’s Block, Program & Direct Market Access (DMA) trading desks in 25 countries, which provide client access to over 130 cash and derivative exchanges globally, with a strong focus on Asian, European, Middle East and other Emerging markets.
Kevin Bourne, Global Head of Execution Trading for HSBC, comments that "We are pleased to be part of the Townsend Analytics network. Townsend’s full-featured RealTick EMS also provides the ability to send managed orders to HSBC’s sales trading desk for more efficient routing."
"We are proud that such a leader in electronic trading as HSBC has joined our global connectivity network," comments Michel Finzi, Global head of sales, account management and marketing for Townsend Analytics. "This further delivers on our mission to provide our clients with an ever-growing range of markets and asset classes, and a greater choice of execution venues throughout the world."
As part of the integration, Townsend has also certified order flow with HSBC to their internal OMS via FIX, providing for seamless reporting of trade executions. The new multi-broker link with HSBC supports multiple order types, including market orders, limit orders, cancels, cancel/replace, unsolicited cancels, trade busts, and Good-til-Cancels (GTCs).
About RealTick
RealTick, created by Townsend Analytics, is the electronic trading industry’s premier multi-asset, multi-broker, and multi-route direct-access trading platform. RealTick delivers real-time market data, news and analytics; sophisticated trading tools; unrivaled access to brokers, exchanges and ECNs; and risk management tools to institutions, broker-dealers and individual investors. RealTick’s advanced technical design is supported by state-of-the-art data centers and a redundant network for market data and orders. For more information, visit http://www.realtick.com .
*RealTick is a registered trademark of Townsend Analytics, Ltd.
About Townsend Analytics
Townsend Analytics has been changing the way the world trades since 1985. The Chicago-based company created many technology innovations that are now considered standards in the financial services industry. These include the first real-time financial software under Microsoft Windows(R); the first product to provide real-time streaming data over the Internet; the first integrated solution for NASDAQ trading rooms; and the first Windows-based direct-access trading solution. Townsend Analytics also developed Archipelago and the Archipelago Exchange, the nation’s first all-electronic, fully open exchange. The firm has engineered direct-access solutions for money managers, asset managers, hedge funds and mutual funds worldwide. The firm’s four main lines of business include Trading Services, Content Services, Exchange Services, and Risk Management Services. Townsend Analytics, Ltd. is a wholly owned, independently-operated subsidiary of Lehman Brothers. For more information, visit http://www.taltrade.com .
About HSBC
HSBC Corporate, Investment Banking and Markets (CIBM) provides tailored financial products and services to major government, corporate and institutional clients. Within client-focused business lines, Global Banking and Global Markets, CIBM offers a full range of capabilities, including foreign exchange, fixed income, equities, derivatives, risk advisory, corporate and investment banking, equity sales and trading, and equity and debt capital markets. For more information on CIBM, please visit http://www.hsbcnet.com .
HSBC Holdings plc
HSBC Holdings plc serves over 125 million customers worldwide through some 10,000 offices in 82 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of USD 1,861 billion at 31 December 2006, HSBC is one of the world’s largest banking and financial services organisations. HSBC is marketed worldwide as ‘the world’s local bank’.
