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Evercore ISI Selects REDI's Multi-Broker Network

REDI's independent trade management platform will provide access to Evercore ISI's electronic execution platform for US equities.

The REDIPlus trade management platform has added the Evercore ISI Institutional Equities electronic execution platform to the REDI multi-broker network, according to an announcement by REDI Holdings LLC.

Evercore ISI’s electronic execution platform, available for trading in the US, includes eight advanced liquidity-seeking and benchmark strategies, smart order routing, and bespoke development capabilities, according to the release. The electronic execution platform complements Evercore ISI's traditional high-touch cash and options trading offering.

According to the press release:

“Evercore ISI has long been acclaimed for its sophisticated macro and fundamental investment research, evidenced most recently by the firm’s stellar performance in the 2014 Institutional Investor Equity Research rankings,” said Sean Sullivan, Global Head of Sales & Marketing at REDI. “More recently, however, Evercore ISI has begun receiving similar praise for its algorithmic trading platform. We’re very pleased to further expand our multi-broker network with the addition of such a well-regarded provider.”

Brian Suth, Head of Electronic Trading at Evercore ISI, added: “We’ve been extremely impressed with REDI’s progress since becoming independent last year, and believe the firm is well on its way to delivering on the promise the spinoff provided. REDIPlus is one of the industry’s most widely used trading platforms, and we’re excited to tap into the substantial distribution capabilities it provides.”

Evercore joins 125 other broker-dealers globally whose trading suites are available over REDIPlus.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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