RealTick Adds Access To Knight Algorithms And Liquidity
March 18, 2010
Electronic trading platform provider RealTick said Thursday it has expanded access to Knight Capital’s algorithms and liquidity through the Knight Direct execution management system.
RealTick users now have access to Knight’s EdgeTrade algorithmic strategies, including liquidity seeking and smart order execution strategies FAN and Oasis, for execution in U.S., Canadian and European equity markets. Through these algorithms, RealTick users can tap the liquidity in the Knight Match dark pool and source off-exchange liquidity through Knight Link, in addition to seeking liquidity across the marketplace through Knight’s smart order routing technology, according to RealTick.
“The integration of our latest algorithmic execution capabilities in RealTick provides us with a platform to service both sell-side and buy-side clients with market access and deeper liquidity as an agency broker," Joseph Wald, Managing Director, Knight Direct. "As Knight continues to expand globally, we expect RealTick’s advanced execution and workflow tools will be an important benefit in delivering our product capabilities to clients effectively."
Our aim at RealTick is to provide clients with rapid access to the widest network of brokers and their electronic products globally, and using FIXatdl we are able to achieve this integration in a timely manner,” added Michel Finzi, global head of business development at RealTick. “Traders increasingly want a single, functionally rich platform which integrates well into their work flow and provides efficient access to the broad spectrum of their broker partners and their execution services.”
Knight is part of RealTick’s global multi-broker network which includes, among many others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, BNY Convergex, CA Cheuvreux, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Instinet, JP Morgan, MF Global, Morgan Stanley, RBC Capital Markets, Societe Generale, and UBS.
