With the deadline for extending the U.S. debt ceiling rapidly approaching on Aug. 2, potentially causing havoc in fixed-income markets, TradingScreen said it partnered with BGC Partners to enable clients to trade U.S. Treasury securities using its proprietary eSpeed technology.
TradingScreen said the firm’s first clients have begun to trade U.S. trading securities by accessing BGC’s proprietary eSpeed system via Trading Screen’s TradeExchange product suite. TradeExchange is designed for low-latency access to fixed income trading through a Software-as-a-Service (SaaS) model.
"Having clients start to trade on eSpeed is another big step forward for TradingScreen, as we continue to build out our network of links for our TradeExchange product," said Arnold Roxas, Head of Fixed Income Business Development. "TradingScreen is the world's largest execution management system available via software as a service,” contends Roxas, adding, “Access to BGC's eSpeed system adds tremendous value to our network of liquidity destinations, giving our clients easy access to one of the premier liquidity pools for fixed income."
By using eSpeed, Trading Screen’s clients can tap the liquidity of the U.S. treasury market more quickly and efficiently and as if they had direct access without the investment in infrastructure and networking, according to the release.
TradeExchange offers a turnkey solution for investors to connect directly, or via a sponsored screen, to the largest liquidity pools and across all asset classes including equity, listed derivatives, and fixed income. But TradeExchange also offers a suite of products for sponsoring firms to control access and administrate customer flow.
"We have worked closely with TradingScreen through the BGC Preferred Vendor Program and are delighted to see our first mutual client move into production," stated Robert Brown, Global Head of eBusiness Integration at BGC in the release. "TradingScreen's intuitive trading platforms will allow many of their core clients to access our leading fixed income exchange and join the growing community of firms embracing trading across multiple asset classes."
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