Trading technology provider InfoReach has introduced Prelude, its multi-asset class execution management system (EMS) that aims to provide a “low cost, no-risk” global trading platform for institutional trading and analysis.
Prelude is the hosted, pre-configured version of InfoReach's Trade Management System (TMS), which consolidates pre- and post-trade analysis, algorithms, real-time interactive charts and position monitoring, portfolio trading capabilities, order management and FIX connectivity into a single EMS.
Designed for traders who do not require significant levels of customisation, Prelude provides the functionality of TMS as a solution fully hosted by InfoReach. The hosted solution enables lower pricing than the company's enterprise-strength TMS offering, allowing users to avoid the costs of IT development and support.
The product also comes pre-loaded with execution algorithms and also provides access to some 500 algorithms of nearly 40 global brokers. An optional ”HiFREQ' component supports high-frequency trading strategies across multiple asset classes.
“Many participants in the global capital markets are constrained by budgetary concerns, yet they still need sophisticated trading and analysis tools if they're going to stay competitive and achieve best execution,” said Allen Zaydlin, CEO at InfoReach. “Prelude is the answer for traders and brokers alike who want to reduce trading system costs without sacrificing capabilities or performance.”
The InfoReach FIX Network provides connectivity to more than 140 brokers and liquidity sources for equities, options and futures.