TradingScreen, a provider of electronic trading solutions, has launched a strategic partnership with Liquidnet. The accord represents the latest collaboration to benefit buy-side users’ order access and execution capabilities. This includes the integration of TradingScreen’s order and execution management system, TradeSmart, fostering access to a global pool of institutional liquidity via Liquidnet.
The partnership reflects a large boost for buy-side customers, all of whom can now tap into Liquidnet’s global pool of institutional liquidity and advanced trading strategies. By linking TradeSmart with Liquidnet’s trading network, users will be able to help fulfill shifting regulatory obligations such as MiFID II and others.
The integration will also see TradeSmart users gain access to all of Liquidnet’s services, including the access of additional liquidity, advanced trading tools, and new strategies. The accord constitutes one of the largest increases in capabilities to date for TradeSmart clients.
“We are excited to expand our partnership with TradingScreen to offer TradeSmart clients additional opportunities and access via Liquidnet’s global trading network. TS has been a pioneer with the buy side for decades, and we look forward to the mutual benefits of this integration,” explained Brian Gay, Liquidnet’s Global OMS/EMS Product Manager.
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TradeSmart represents TradingScreen’s one-touch OEMS workflow solution. Per the terms of the partnership, users will now have access to a larger flow of liquidity than ever before with other benefits as well. This includes new capabilities such as uncovering natural, large-in-scale institutional liquidity, while also maintaining complete anonymity.
By tapping into Liquidet, users will also garner access to advanced trading tools. Consequently, mutual customers will be able to access to Liquidnet’s algorithmic trading strategies via blotter synchronization within the TradeSmart interface.
Furthermore, the partnership will support a more frictionless strategy access. More specifically, this means that TradeSmart’s users will be able to interact with additional liquidity seeking strategies within the broader Liquidnet community.
Varghese Thomas, TradingScreen Chief Strategy Officer, commented: “we are already seeing customers benefiting from the integration and access to Liquidnet through the TradeSmart OEMS. TradeSmart’s award-winning SaaS platform is already reliable and secure, and now our users can further benefit from automated access to Liquidnet’s algo suite and block-sized institutional order flow.”