Townsend Analytics, a provider of electronic trading solutions for the global capital markets, has added investment bank BNP Paribas to its global multi-broker network. Clients of both firms are now able to route European equities orders to BNP Paribas for execution through Townsend's RealTick execution management system (EMS).
"As electronic trading continues to grow globally, our clients want high performance trading solutions that can be customised to meet their increasingly sophisticated needs across the global equity markets," comments Matthew Carr, managing director, head of institutional equities, BNP Paribas. "The addition of Townsend's RealTick EMS to our expansive Direct Market Access deployment provides the functionality and scalability that our clients expect and demand from BNP Paribas," he adds.
"BNP Paribas is a major global financial services institution with a presence in more than 85 countries, so we are pleased to add them to our global multi-broker network," states Rustam Lam, executive director for Townsend Analytics. “The ability to route orders directly from RealTick to major market participants gives RealTick users a key advantage in the capital markets, and brokers access to institutions in a true multi-broker environment," he adds.
BNP Paribas joins other recent additions to Townsend's global multi-broker network, including BNY ConvergEx, Credit Suisse, HSBC, Instinet, Merrill Lynch and UBS.