Trading technology provider TradingScreen has launched a service to enable straightforward access to pairs trading algorithms from investment banks.
PairsHub will provide a normalised trading interface to enable execution with pairs trading algorithmic strategies, covering a wide range of investment banks and institutional brokers.
The platform includes certified pairs trading algos from Bank of America Merrill Lynch, Barclays, Credit Suisse, Instinet, Macquarie, Morgan Stanley and UBS, among others. A further four sell-side counterparties are scheduled to be available by the end of Q2 2014.
Buy-side traders will have access to a simple but execution-rich experience, according to TradingScreen, that will cover the full range of pairs trading styles.
“We attach significant value to offering the widest choice of trading tools in TradeSmart,” said Philippe Buhannic, CEO and chairman of TradingScreen. “In an increasingly complex electronic trading landscape, we remain committed to presenting our sell-side partners with fast-evolving product offerings, an environment that ensures easy deployment of their algorithms. PairsHub also gives the buy-side trader a simple while powerful platform to trade pairs”.