InfoReach, a trading technology provider, is to have its InfoReach trade management system (TMS) distributed in the emerging markets by Marco Polo Network, an electronic trading platform.
The InfoReach TMS manages equities, futures, options and foreign exchange and combines order-entry, rule-based trading, order management, and FIX connectivity in a single broker-neutral trading platform. It also has basket trading, order routing, pre- and post-trade allocations, advanced algorithms and real-time position monitoring capabilities.
“Firms in emerging markets require advanced tools to help them navigate a rapidly changing global marketplace,” said Allen Zaydlin, CEO, InfoReach. “They need best execution via a scalable and flexible trading platform. This partnership with Marco Polo Network enables our trading technology to be used and deployed in these markets.”
Marco Polo Network will also use the full InfoReach product to develop its proprietary algorithms for Brazil, Mexico and other active markets. It has been branded Logita, and has already been deployed to two clients.
“The emerging markets in Asia, South America, Europe and Africa have increasing requirements for high-frequency electronic trading and use of algorithms,” noted David Meredith, chief technology officer, Marco Polo Network. “Marco Polo’s global network offers the broadest range of connectivity into those markets and we were seeking a trading system that will complement our network in the more active markets.”