TradingScreen has connected its order and execution management system (OEMS) to Liquidnet’s institutional liquidity and trading strategies under a new agreement.
The partnership means TradeSmart users will gain access to Liquidnet’s liquidity pool and additional services which allows block trading while maintaining anonymity.
It also means clients can use Liquidnet’s algorithmic trading strategies via a blotter synchronisation and comply with regulatory requirements such as MiFID II’s best execution.
“We are already seeing customers benefiting from the integration and access to Liquidnet through the TradeSmart OEMS,” said Varghese Thomas, TradingScreen’s chief strategy officer. He added clients will further benefit from automated access to Liquidnet’s algo suite and block trading order flow.
Liquidnet’s global OMS/EMS product manager, Brian Gray, commented the partnership will produce mutual benefits to clients of both companies.
Pierre Schroeder, CEO at TradingScreen, recently sat down with The TRADE and explained the importance of offering a multi-asset OEMS to the buy-side alongside accessible liquidity.
“EMS will become the buy-side trader’s control tower allowing them to navigate in a progressively complex environment, and I am certain that combination of OMS and EMS means there will no longer be an all-size-fits-all EMS solution,” he said.
To read the full interview, click here.