AXES Joins TradingScreen's Emerging Markets Network for Global Execution Services
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AXES GEMS platform provides trading and post-execution services in more than 100 developed, emerging and frontier equities markets, plus, in-depth market intelligence
NEW YORK, Dec. 10 - TradingScreen Inc., the leading EMS provider of multi-broker, multi-product trading platforms with straight-through-processing, today announced an agreement to work with AXES, LLC, a global institutional agency brokerage firm. Under the terms of the agreement, TradingScreen will offer AXES' GEMS (Global Execution Management System), the only electronic trading platform that provides trade execution and settlement tracking for institutional traders in more than 100 countries representing over 250 equity and equity derivatives exchanges across the world's developed, emerging and frontier markets.
TradingScreen's flagship product, TradeSmart, is a customizable front-end GUI (Graphical User Interface) that enables buy-side clients to trade a broad portfolio of financial instruments, around the clock, on any market and with a wide range of counterparties. TradeSmart is unique in its ability to aggregate multiple-dealers and multiple products onto a single screen format for electronic order routing. Its ASP (Application Service Provider) model enables very rapid deployment and activation of users into live trading and incorporates the most comprehensive and intuitive access to the proprietary algorithmic trading strategies offered by the leading brokers. Over 800 clients are using TradeSmart in more than 80 countries.
Under the agreement, Trading Screen's clients will have access to GEMS, a multi-currency, multi-asset system that provides a single point of entry to AXES' exclusive worldwide broker network. AXES' GEMS platform offers global trading functionality, straight-through processing and seamless integration with custodians and clearing agents. AXES' exclusive partnerships with leading local brokers around the world - each of which are direct members of their local exchanges - offer institutions trading on GEMS in-depth, on-the-ground market intelligence. These institutions also have access to the global research product created by AXES and its broker partners to identify new trading opportunities in the global markets.
AXES provides institutions with the efficiencies of GEMS automated process management combined with the trade execution services and back-office operations that are essential to global cross-border trading. Client Orders routed through GEMS are transmitted delivered electronically to an AXES network broker in the destination market for direct execution on the local exchange. Orders can also be managed by the local trading desk in the destination market to minimize market impact. GEMS' post-execution tracking feature automatically transmits all trade details to back-offices and banking institutions and provides real-time status to ensure accurate and timely settlement.
"A natural evolution to our vast offering to trade in multiple asset classes is to continue to extend this service to include more of the world's emerging and frontier markets," says Philippe Buhannic, President and CEO of TradingScreen. "We are excited to offer our clients the capability to find value and trade electronically in virtually any market in the world. With our partnership with AXES, clients will have the ability to seamlessly route orders to any AXES broker partner on the GEMS platform providing the end-to-end trading services our clients need."
"Investing in the global equities markets has increasingly become one of the top priorities for the institutional investor," said Peter Gaffney, President of AXES. "As developed markets are maturing and value becomes more difficult to find, the number of institutions seeking to build their exposure in emerging and frontier markets also continues to grow. Through our new relationship with TradingScreen, we are pleased to offer their clients a solution that is the most comprehensive trading platform for investing in the global markets."
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, Chicago, Sao Paulo, London, Paris, Hong Kong and Tokyo. Further information can be found at www.tradingscreen.com.
ABOUT AXES:
AXES, LLC is a New York-based registered FINRA broker-dealer, a premier provider of global institutional agency brokerage services through its worldwide correspondent broker network. AXES' single point-of-entry multilateral trading platform provides seamless trade and post-execution services in more than 100 countries representing over 250 equity and equity derivatives exchanges across the world's developed, emerging and frontier markets. The firm is owned by New York-based Auerbach Grayson & Company, Inc., a brokerage firm specializing in the international securities markets, and the foreign broker partners that comprise the AXES network. Further information can be found at axesllc.com.
Source: AXES, LLC
CONTACT:
Marc Weinstein at Spring O'Brien for AXES Public Relations
+1-212-620-7100, ext. 216
marcw@spring-obrien.com
Chad Miller
+Excite Media Group for TradingScreen Public Relations
+1-212-941-8499, ext. 116
cmiller@excitepr.com
Web site: http://axesllc.com/
http://www.tradingscreen.com/
