Order and execution management systems provider TradingScreen has expanded its global presence through the establishment of a new development centre in Canada.
Located in Montréal, TradingScreen Electronic Financial Solutions will further expand the firm’s existing technology development and operations capacities leveraging the “large and growing talent pool” of the city, according to a statement from the vendor.
TradingScreen’s Montreal operations will work in cooperation with its existing development teams in New York, London and Tokyo, and the vendor stated it anticipates that it will become a key location for its global development and technology operations in the future.
“After careful consideration, we selected Montréal for expansion given the breadth and quality of its human capital in the computer software and information systems development area as well as its strategic proximity to TradingScreen’s principal executive offices in New York, in a jurisdiction where the government is committed to attracting and incentivising technology companies such as ours. We see great opportunities for TradingScreen here,” said Pierre Schroeder, chief executive officer of TradingScreen.
TradingScreen joined forces with SimCorp in October 2017 to launch its combined order and execution management system (OEMS) for the buy-side globally, with the aim of simplifying the workflow in the front office for institutional investors by integrating multiple execution platforms on one service across asset classes.
In October last year, TradingScreen integrated pre-trade analytics from ITG into its OEMS workflow, to help traders manage order flow, as well as anticipate and mitigate execution risk.