TradingScreen (TS) has partnered with Liquidnet, a global institutional trading network, to help its users meet regulatory mandates.
The company, which provides SaaS-based technology for financial markets, said the partnership will benefit buy-side customers’ order access and execution capabilities.
Through integration with TS’ order and execution management system, TradeSmart, users will have access Liquidnet’s global pool of institutional liquidity and advanced trading strategies. This will enable its users to further their ability to fulfil regulatory mandates for best selection and execution, such as MiFID II.
“We are already seeing customers benefiting from the integration and access to Liquidnet through the TradeSmart OEMS,” said Varghese Thomas, TradingScreen chief strategy officer. “TradeSmart’s award-winning SaaS platform is already reliable and secure, and now our users can further benefit from automated access to Liquidnet’s also suite and block-sized institutional order flow.”
TradingScreen claims its technology improves access and fully automates workflows, resulting in greater efficiencies, a secure access and lower costs for its clients. Its flagship product, TradeSmart, is a multi-asset class execution and order management solution with the flexibility to meet the unique requirements at each step of the order life cycle.
It offers a fully integrated real-time compliance engine that enables compliance officers to manage and monitor their firm’s ever-changing exposures. The Buy Side Monitoring Window provides a centralised, real-time management solution to monitor cross asset trading activity and set compliance limits across the entire order flow and at multiple levels across the entity data model.
With connectivity, transparency, best selection and best execution MiFID II requirements presenting real challenges for the buy-side, TradeSmart EMS provides a consolidated view of liquidity sources in real time, keeping users MiFID II-compliant according to its website. In addition, TradingScreen also provides risk solutions to help anticipate potential risk in any instrument or portfolio. Risk calculations can be viewed at multiple risk levels with customisable views, from global client activity to a single product; and can be instructed to generate action to control risk.
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