DGAP-News: InfoReach /
InfoReach Adds Fixed Income Electronic Trading With Direct
Connectivity to NASDAQ OMX eSpeed
17.12.2013 / 15:57
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Clients Gain Trading Access Directly From InfoReach Front-Ends
CHICAGO, 2013-12-17 15:57 CET (GLOBE NEWSWIRE) --
Global electronic trading technology provider InfoReach announces its new
fixed-income trading functionality with direct access to one of the largest and
most liquid fixed-income cash markets in the world: U.S. Treasuries.
Together with the NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), InfoReach is launching
its connection to the NASDAQ OMX eSpeed platform, which operates a fully
executable central limit order book for electronic trading in benchmark U.S.
Treasuries. The connectivity enables mutual clients to execute eSpeed trades
through the InfoReach TMS and Prelude trading platforms. Market participants
benefit from ready access to liquidity without having to allocate additional
resources to infrastructure and networking efforts.
'The addition of eSpeed to InfoReach's global connectivity network allows us to
better serve the trading community in the over-the-counter market and expand
our distribution to new participants, which is a key piece of our effort to
diversify the opportunities offered to our customers,' said Joe Noviello,
Senior Managing Director of NASDAQ OMX eSpeed. 'As client demand for electronic
fixed income trading continues to increase, this certified connectivity will
make it easy to provide access to additional customers.'
'I can't think of a better way to introduce our new fixed income trading
functionality than with direct access to a global player like NASDAQ OMX
eSpeed,' said Allen Zaydlin, Chief Executive Officer of InfoReach.
'Their proven expertise in the electronic execution of U.S. Treasury Securities
combined with the ability to trade and hedge fixed income and other asset
classes from a single InfoReach front-end will provide customers with a
formidable advantage.'
In general, the U.S. fixed-income market is steadily growing as the American
economy recovers and the Federal Reserve considers tapering its quantitative
easing efforts. According to the Securities Industry and Financial Markets
Association (SIFMA), U.S. Treasury trading activity is up about 6 percent year
over year for the first nine months of 2013. While electronic trading currently
accounts for roughly 40 percent of daily trading volume, a sharp increase in
e-trading is expected to benefit both marketplace operators and connected
technology vendors.
About InfoReach
Comprehensive out-of-the-box functionality, rapid implementation, proven
reliability and a client-centric culture have made InfoReach the trading
technology provider of choice for financial institutions around the world since
1995. Our high-performance solutions help traders improve trade execution,
manage portfolio and execution risk and determine optimal trading strategies.
Trade-ready for both buy- and sell-sides, the InfoReach Trade Management System
(TMS) provides pre/in/post trade analysis, pre-built and broker-provided
algorithms, real-time, interactive charts and position monitoring, portfolio
trading capabilities, order management and FIX connectivity in a multi-broker
execution management system. An optional HiFREQ component supports low-latency,
high-throughput trading across multiple asset classes.
Other solutions include our FIX Engine, the InfoReach FIX Network, Brokereach
EMS/OMS backup service, Second Opinion(tm) transaction cost analysis service and
Prelude, our lower-priced, hosted trading platform available on a risk-free,
month-to-month basis.
Ideal for trading environments of all sizes, InfoReach products deliver
enterprise-strength performance--without the need for firms to build and
maintain their own IT infrastructure. For more information, visit
www.inforeachinc.com.
CONTACT: InfoReach Media Contact:
Anne Aldrich
+1 312 787 1642
annea1@covad.net
NASDAQ OMX Media Contact:
Robert Madden
+1 646 441-5045
Robert.Madden@NASDAQOMX.com
News Source: NASDAQ OMX
End of Corporate News
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Language: English
Company: InfoReach
United States
ISIN: US9902934093
End of News DGAP News-Service
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245199 17.12.2013
DGAP-News: InfoReach Adds Fixed Income Electronic Trading With Direct Connectivity to NASDAQ OMX eSpeed
| Source: EQS Group AG