Trading technology firm Townsend Analytics has connected its RealTick execution management system (EMS) to the Morgan Stanley Electronic Trading (MSET) platform.
The arrangement allows RealTick users to route direct market access (DMA) orders directly to MSET. Users also have access to MSET’s suite of algorithmic trading strategies, including its newest strategy, NightOwl, which navigates select dark liquidity pools and quoted markets.
“We’re working very closely with Morgan Stanley to expand global electronic offerings within the RealTick EMS platform,” said Thomas Kim, managing director and global head of trading services at Townsend, in a statement. “The ability to route orders directly from RealTick to such major market participants gives RealTick users a key advantage when seeking maximum liquidity and best execution, so we anticipate great demand,” he adds.
Andrew Silverman, managing director and head of distribution at MSET, added, “RealTick is a highly-respected trading platform with advanced functionality and speed. We are pleased to establish RealTick as a connectivity partner.”
Morgan Stanley joins Townsend’s global multi-broker network, which includes BNY ConvergEx, Credit Suisse, HSBC, Instinet, Lehman Brothers, Merrill Lynch and UBS. Townsend’s RealTick platform aggregates multiple brokers, destinations and products onto a single screen.