BT Radianz, a financial services connectivity provider, has announced that Logicscope, a provider of multi-asset data management and straight through processing (STP) solutions, will use the BT Radianz shared market infrastructure to offer hosted access to TradeSTP, its market-leading, multi-asset trade notification product.
TradeSTP enables real-time deal data to be distributed automatically from multiple electronic trading systems, including single and multi-bank platforms and electronic brokers, to customers’ back office environments. Through the agreement Logicscope will offer TradeSTP™ as a managed service on the BT Radianz shared market infrastructure. Trading venues (banks and trading platforms) and their customers will benefit from simple and fast access to TradeSTP through a single, scalable and resilient connection.
Nick Dyne, founder and CEO, Logicscope says, “As the FX and OTC markets continue to embrace electronic trading, there is growing demand for effective, real-time trade notification. As such, it is imperative that TradeSTP can be accessed easily by market participants worldwide. The depth of BT Radianz’s FX community – and reach across multiple asset classes – greatly helps our effort to deliver innovative, multi-asset notification solutions to all participants – liquidity providers, customers and their treasury system suppliers.”
“The FX market is the largest, most liquid market in the world and as a result, it presents a fantastic growth opportunity for BT Radianz,” says Chris Church, EVP, global sales and industry relations, BT Radianz. “More and more FX players and other OTC dealing communities are realising the cost effective benefits electronic trading brings to the market. As that number increases, BT Radianz is well positioned to facilitate fast, direct access to all trading platforms, applications and solutions. We are delighted to add Logicscope to our FX and OTC communities and look forward to helping them to broaden their trade notification and STP footprint beyond FX market participants.”