Last Thursday, BT, a provider of communications solutions and services, announced that Tradegate, a Berlin-based securities broker, will utilise the BT Radianz Shared Market Infrastructure to deliver its MiFID-ready international equity platform.
The Tradegate trading platform provides both quote-driven and limit-
order-book electronic trading. Integrated with the trading functionality is a clearing and settlement service for both domestic and international equities. The solution provides brokers with a real-time view of what the full cost of the trading process will be, thereby ensuring that brokers can provide clients with best execution in line with the requirements of MiFID.
Tradegate provides an outsourced, integrated solution. "By working with BT we are able to deliver a MiFID-ready solution for trading, clearing and settling international equities to the investment firms across Europe that are impacted by MiFID and are required to find new ways of delivering best execution for their clients," says Thorsten Commichau, managing director, Tradegate.