Trading solutions provider Townsend Analytics has expanded its relationship with investment bank Merrill Lynch to allow buy-side clients to access the bank’s prime brokerage services through Townsend’s RealTick execution management system. RealTick already offers access to Merrill’s electronic execution services.
According to Townsend, this integrated electronic trading and prime brokerage platform will allow clients to employ complex trading strategies across all assets, while also using Merrill Lynch’s prime brokerage services such as settlement, clearance and custody.
“Bringing together Merrill Lynch’s sophisticated and highly customisable electronic trading strategies with its global prime brokerage services will enhance the company’s competitive offerings for our hedge fund and institutional clients,” said Jarrod Yuster, head of global portfolio and electronic trading at Merrill Lynch, in a statement.
Michel Finzi, managing director, global head of sales and marketing for Townsend Analytics, added, “Merrill Lynch’s clients know they can rely upon RealTick in today’s fragmented and volatile markets. Our integration of Merrill’s prime brokerage services ensures they can also access the proprietary products and strategic solutions they need from one convenient platform.”