Manufacturing Execution Systems
Full Suite of Tethys Algorithm Analytics Now Available on Townsend Analytics' RealTick® Execution Management System
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Broker-neutral algorithmic analytics enable trading with advanced order types across multiple asset classes and destinations
CHICAGO, May 30 / - Tethys Technology (http://www.tethystech.com/) and Townsend Analytics (http://www.taltrade.com/), a leading provider of multi-broker, multi-asset, multi-currency, and multi-route electronic trading solutions for the global capital markets have agreed to supply clients with direct access to Tethys' highly-acclaimed algorithm analytics via Townsend's RealTick execution management system (EMS).
This alliance enables both firms' clients to tap into the entire Tethys suite of algorithm analytics on the RealTick (http://www.realtick.com/) platform. Used around the world by mutual funds, traditional asset managers, hedge funds and broker-dealers, Tethys algorithm analytics help traders:
o Reduce market impact
o Maximize liquidity addition rebate capture
o Minimize execution footprint
o Avoid algorithm gaming routines
o Quickly execute high alpha decay trades
o Adapt to market participation levels
o Perform options hedging
o Minimize market impact
"Tethys algorithm analytics are extremely unique. We avoid pitfalls of traditional methodologies and our models are designed to adapt in real-time to changing market conditions. Our impeccable performance, consistency and broker-neutrality continues to propel our growth," states Tethys spokesperson Deirdre Cogger. "As a global broker-neutral, multi-asset and multi-route EMS, RealTick will help us broaden our reach globally and allow us to add additional routes and pools of liquidity as desired," she adds.
"A well-known resource in Wall Street circles, Tethys algorithm analytics are highly regarded for their sophistication," states Thomas Kim, Managing Director, Global Head of Trading Services for Townsend Analytics. "We are proud to offer these powerful algorithms through our current network of broker-dealers, and anticipate strong demand from additional Broker Dealers who want to offer their customers access to these analytics through a world-class EMS such as RealTick," he adds.
About RealTick®
RealTick, created by Townsend Analytics, is the electronic trading industry's premier direct-access research and trading software. RealTick delivers real-time market data, news and analytics; sophisticated trading tools; unrivaled access to 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/.
About Townsend Analytics, Ltd. (TAL)
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®; 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. For more information, visit http://www.taltrade.com/.
About Tethys Technology, Inc.
Tethys Technology, Inc. is a leading provider of algorithmic trading solutions. The firm has two areas of focus: High performance trading and portfolio management software development and algorithmic trading and market-microstructure research. Tethys specializes in developing algorithmic analytics and decision tools to help clients achieve optimal trade execution for global equities, futures, options and F/X. For more information, visit http://www.tethystech.com/.
Source: Townsend Analytics, Ltd.; Tethys Technology, Inc.
CONTACT: Anne Aldrich, +1-312-787-1642, annea1@covad.net, for Townsend Analytics; or Todd Swearingen of Townsend Analytics, +1-312-442-8656, tswearingen@taltrade.com; or Deirdre Cogger of Tethys Technology, Inc.,+1-212-509-5628, DeirdreC@tethystech.com
Web site: http://www.taltrade.com/
http://www.tethystech.com/
http://www.realtick.com/
