Trading technology provider UNX has added US-based broker Knight Capital’s electronic trading solutions to Catalyst, its broker-neutral execution management system (EMS).
UNX clients can use strategies available on Knight Direct, the broker’s electronic and algorithmic trading suite for equities, including Sumo (liquidity-seeking algorithm), Oasis (for small- and mid-cap stocks), Covert (dark liquidity-seeking algorithm) and FAN (smart order routing execution algorithm).
UNX already provides access to Knight Link and Knight Match, the agency broker’s two non-displayed liquidity pools.
Catalyst’s open technology framework and software development kit will allow Knight direct control over the integration, customisation and deployment of new trading tools as they are being developed.
“Our objective is to offer buy- and sell-side clients the customised features that support individual trading styles and enhance tactical efficiencies, and Catalyst’s open technology provides the ideal tool and gateway to do so,” said Joseph Wald, managing director, Knight Capital. “Catalyst will enhance our ability to deliver our solutions to mutual clients as quickly as possible.”