Last Thursday, Townsend Analytics, a provider of electronic trading solutions for the capital markets, added connectivity to HSBC to its execution management system, RealTick EMS.
Clients of both HSBC and Townsend are now able to route order flow directly to HSBC's block, program and direct market access (DMA) trading desks in 25 countries, which provide client access to over 130 cash and derivative exchanges with a strong focus on Asian, European and Middle East markets, among others.
"We are pleased to be part of the Townsend Analytics network," comments Kevin Bourne, head of execution trading, HSBC. "Townsend's full-featured RealTick EMS provides the ability to send managed orders to HSBC's sales trading desk for more efficient routing," he adds.
"We are proud that HSBC has joined our global connectivity network," remarks Michel Finzi, head of sales, account management and marketing, Townsend Analytics.
Townsend has also certified order flow with HSBC to its internal OMS via FIX. The new multi-broker link with HSBC supports multiple order types, including market orders, limit orders, cancels, cancel/replace, unsolicited cancels, trade busts, and good-til-cancels (GTCs).