Townsend Analytics a leading provider of multi-broker, multi-asset, multi-currency, and multi-route electronic trading solutions for the global capital markets, has added HSBC to its global multi-broker network.
Clients of both HSBC and Townsend are now able to route order flow directly to HSBCâs Block, Program & Direct Market Access (DMA) trading desks in 25 countries, which provide client access to over 130 cash and derivative exchanges globally, with a strong focus on Asian, European, Middle East and other Emerging markets.
Kevin Bourne, Global Head of Execution Trading for HSBC, comments that âWe are pleased to be part of the Townsend Analytics network. Townsendâs full-featured RealTick EMS also provides the ability to send managed orders to HSBCâs sales trading desk for more efficient routing.â
âWe are proud that such a leader in electronic trading as HSBC has joined our global connectivity network,â comments Michel Finzi, Global head of sales, account management and marketing for Townsend Analytics. âThis further delivers on our mission to provide our clients with an ever-growing range of markets and asset classes, and a greater choice of execution venues throughout the world.â
As part of the integration, Townsend has also certified order flow with HSBC to their internal OMS via FIX, providing for seamless reporting of trade executions. The new multi-broker link with HSBC supports multiple order types, including market orders, limit orders, cancels, cancel/replace, unsolicited cancels, trade busts, and Good-til-Cancels (GTCs).