Advanced Financial Applications (AFA), an EMS/OMS trading technology provider, has expanded its asset class coverage to include global equity markets.
Non-US routing and execution functionality will be identical to that available through AFA’s IMPACT Pro execution management platform in the US:
broker-neutral access to exchanges, electronic communications networks, agency brokers, market-makers and broker algorithms.
This will be extended for order routing and trade execution to 82 international securities markets with direct market access offered to 24 European and Asian exchanges.
The international application will also offer the ability to queue orders after local market hours for execution when the local market opens. In addition, clients can consolidate DMA orders and ‘done away’ trades executed in non-US securities. They can also now use AFA’s ticket aggregation, allocation, and position management functionality for non-US securities.
“The ability for brokerages to access global markets is imperative in today’s environment,” said Pat Lynch, chairman and CEO of AFA, in a statement. “Our clients now have more control over orders, and a greater range of securities to trade. We believe this move will allow us to appeal to a broader range of client.”