Two U.S.-based asset management firms, Everett Capital Management and Bradley & Company, have adopted the Catalyst Execution Management System (EMS) from trading technology provider UNX for their electronic equities trading
As an alternative asset manager that trades through multiple brokers globally, Everett Capital chose Catalyst for its open architecture and true broker neutrality, according to UNX’s release. “Now we can route to any broker's algos and any DMA destination for all our U.S. and international equity trading using just one platform,” comments Everett Capital founder Todd Hurlbut. “And integration with our portfolio management system is seamless.” The buy-side firm also plans to capitalize on the Catalyst SDK (software development toolkit) to create a custom plug-in for portfolio calculations, as well as to access plug-ins and services available in the Catalyst Marketplace. “Having recently signed up for behavioral analytics from Titan Trading, we’re quite pleased with the ease and speed with which we can integrate other providers’ content and services into our trading desk,” Hurlbut states. Private wealth management firm Bradley & Company also comments on the unique value of the Catalyst platform delivers to all trading participants in the global capital markets. “By offering an advanced EMS with the ability to tie in applications from other providers, UNX has engineered a next-generation tool that benefits the entire industry,” comments Mike Bradley, founder and managing partner of Bradley & Co. “It creates a marketplace where the buy side, vendors, brokers and exchanges can extend services to a broader client base through an App,” he explains. “This, in turn, allows traders to customize a trading environment that best meets their individual needs.”
In a prepared statement, UNX CEO Thomas Kim said his goal is “to build a global ecosystem of market participants who can access any trading technology from any broker, vendor or exchange from anywhere in the world.”
Kim further said he believes “the extension of Catalyst’s SDK to the community to create custom plug-ins will drive innovation and ignite competition in the financial markets—just as open platforms have done for the smart phone industry,” Kim added in the release.
UNX also is working with third-party vendors who wish to distribute their offerings via the Catalyst Marketplace for use by Catalyst clients. Recent Marketplace participants include QSG, International Class Actions Management (ICAM) and Titan Trading Analytics.
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