Thomas Weisel Partners and Townsend Analytics have announced a deal in which both firms’ clients will be able to access Weisel Execution Services (WES), the investment bank’s proprietary algorithmic and equities execution division, via Townsend Analytics’ flagship execution management system (EMS), RealTick.
Townsend Analytics is a provider of electronic trading solutions for the global capital markets. This agreement builds on an existing relationship between Townsend Analytics and Thomas Weisel Partners, say the firms.
Thomas Weisel Partners' suite of algorithms include VWAP, TWAP, Arrival Price, Volume Participation, 'Get It Done', Small Cap, Closing Price, 'SPY', and custom strategies.
"Our trading team strives to provide best execution in an efficient and anonymous manner," explains Stephen R. Blatney, head of electronic trading, Thomas Weisel Partners. "With this expanded relationship, we will be able to reach a broader audience through Townsend Analytics' global multi-broker network, while Townsend Analytics' clients will benefit from access to our execution strategies and services," he continues.
"We look forward to integrating Thomas Weisel Partners' new algorithmic strategies into our network," comments Thomas Kim, managing director, global head of trading services, Townsend Analytics.