Australia-based trading firm MST Capital has announced it will use technology provider TradingScreen’s execution management system and transaction cost analysis (TCA) tools.
MST Capital will use TradeSmart to trade equities, derivatives and FX as well as TradingScreen’s multi-asset class TCA tool on a software-as-a-service basis.
Philippe Buhannic, CEO of TradingScreen, said the buy-side need to the trend of using systems that span multiple asset classes to maximise returns.
“Now, more than ever, it is critical for the buy-side to leverage a global multi-asset trading system to generate alpha to spot and execute on market opportunities, closely manage risk and have an efficient workflow meeting the high standards of asset management today.
“TradingScreen’s transaction cost analysis offering also allows clients such as MST Capital to fully analyse, with an indepdent view, their trading across multiple asset classes, not just equities,” Buhannic said.
For FX, TradeSmart offers access to various liquidity pools, including all major FX banks and electronic communications networks, pre-certified integration with order management systems, access to bank’s algorithmic trading capabilities and white labelling solutions.
The platform also offers real-time transaction cost analysis and splits functionality between primary and secondary FX capabilities, to differentiate between clients that may treat FX as a source of alpha and those who simply want automated but robust hedging.