09:43 AM
Seymour Pierce to Implement Order Routing Gateway
Seymour Pierce, a London-based investment bank, has selected NetBuilder’s order routing gateway for the secure routing of transactions from clients.
The order routing gateway will provide connectivity between Seymour Pierce’s trading systems and its external clients to improve flow directly to the firm’s traders.
Seymour Pierce will be able to bring any number of clients onto the order routing gateway and be covered by a single service charge.
In a statement, Sue Rutherford, Chief Operating Officer at Seymour Pierce, said, “With the expansion of our institutional equity trading activity, we required a facility to permit more electronic routing and permit larger size orders. NetBuilder’s order routing engine is proven and supports a good pricing structure, which, together with NetBuilder’s experience in the marketplace, made it a relatively easy decision for us.”