TradingScreen and Axes Partner for Global Execution
By Cristina McEachernDec 3, 2007 at 04:00 PM ET
TradingScreen and Axes, a global institutional agency broker, have entered into a partnership to connect TradingScreen clients to Axes’ GEMS (Global Execution Management System).
The GEMS platform provides trade execution and settlement tracking in more than 100 countries, with more than 250 equity and equity derivatives exchanges represented.
“Our philosophy is to partner with firms that have the same objectives and goals that we do in the marketplace,” says Peter Gaffney, president of Axes. “TradingScreen is saturated in non-U.S. areas such as Europe and Asian and that gives us a foothold in buy side shops overseas.”
Gaffney says that emerging areas are of particular interest as Axes continues to build out its trading network. “We’re doing more in North Africa and greater Asia…Axes’ philosophy is to expand the reach and understand the global is not just limited to the 35 to 40 developed countries,” he adds.
Axes partners with local brokers around the world who are direct members of their local exchanges to offer its global capabilities through GEMS. “There is money and alpha out there in emerging and frontier markets and few firms can reach them directly,” says Gaffney.
Axes’ research on these emerging market areas is also made directly available to TradingScreen clients. “You can’t trade in these marketplaces if you don’t have the understanding and the intelligence in that market,” says Gaffney.
He adds that some of the most popular emerging markets he sees are Vietnam, India, Croatia, Bulgaria and South America, as well as North Africa.
Topics: EMS/OMS
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