21 October 2009 News

 

TradingScreen connects to BGC Partners' eSpeed to provide access to US Treasuries

BGC Partners has connected to TradeNet, TradingScreen's global multi-broker network.

TradingScreen will offer an ASP connection to BGC's eSpeed platform to provide low latency access to liquid US Government securities to the sell side or the buy side trader. By connecting to BGC's platform, TradingScreen believes its ASP infrastructure and execution management interfaces will offer traders an integrated trading system from market data to order routing to complex multi-asset class, execution strategies.

This integration should enhance the range of services offered to fixed income traders and pave the way for the deployment of algorithms in the trading of fixed income, an asset class which is now beginning to see more interest in the algorithmic trading area.

Robert Brown, global head of eBusiness integration at BGC, said: "The fixed income landscape is changing significantly, not least following the recent successful launch of ELX Futures, a new fully regulated electronic futures exchange. In addition, we have seen the profile of market participants shift as traders at large and small firms move increasingly towards trading multiple asset classes. At BGC we aim to offer our customers the most flexible and efficient way to trade the range of electronic products on our platform, which includes US Treasuries. Therefore Trading Screen's cross asset capability makes it a good fit for our preferred vendor program."