Object Trading DMA service links up to TradingScreen

Source: Object Trading

Object Trading, the provider of a global, multi-asset trading infrastructure today announced that TradingScreen, the provider of liquidity, trading and investment technology via SaaS, has integrated with Object Trading’s global DMA service platform.

The combination of two independent suppliers of award-winning trading solutions presents end clients with new opportunities for growth.

TradingScreen’s customisable front-end Graphical User Interface (GUI) enables buy-side clients to trade a broad portfolio of financial instruments around the clock, on any market and with a wide range of counterparties. It delivers an independent eco-system where the buy-side and sell-side can interact for the entire trading workflow. Clients benefit from best execution tools and a full integration of services front to back. By partnering with Object Trading, TradingScreen further enables traders and portfolio managers to deploy trading models quickly without the burden of maintaining a costly, high performance global trading infrastructure.

Managing the impact of regular exchange updates across multiple front end systems and third party relationships requires considerable resources from market participants, that aren’t focused on sources of competitive advantage.

Object Trading’s recognised expertise in exchange connectivity and TradingScreen’s SaaS infrastructure will help the buy-side, sell-side and exchanges operate and interact as efficiently as possible. The integration between the two systems helps TradingScreen users achieve direct access to new markets, create new trading relationships, and seamlessly integrate data, trading, and risk management applications, without the initial costs of in-house integration and ongoing investments in connectivity maintenance within dynamic market environments.

Additionally, existing Object Trading direct market access participants can easily add a SaaS market-leading Order Management System to their desks, with unmatched implementation time, bypassing the hidden costs of redundant market access, as so often happens with packaged systems.

Philippe Buhannic, Co-Founder and CEO, TradingScreen, said, “The low rate, volume, and volatility environment is challenging for both our buy-side and sell-side customers, yet every firm wants to deliver returns and trade profitably across different markets, asset-classes, and geographies. As the leader in SaaS delivered front-end systems, having pioneered the EMS and One-to-many FIX network concepts, it is essential that we focus our resources on responding to the trading innovations our clients need. By partnering with Object Trading, we offer our clients global direct market access, optimised for the demands of the highest performing front office applications, saving them the time and costs of integration. This agreement allows us to concentrate on our strengths of connecting buy-sides and sell-sides, delivering trading efficiencies, and helping customers benefit from a fully automated workflow across the transaction lifecycle.”

Gerry Turner, Executive Director, Object Trading, added, “This partnership is highly complementary. TradingScreen has been seeking opportunities to optimise the resources their clients spend on connectivity without diminishing their focus on performance, product innovation, and customer service. Object Trading provides a single gateway with access to real-time normalised market data and order execution with in-line pre-trade risk constraints on more than 60 equity, derivative and FX markets globally. As with all our third party community relationships, we solve different end client problems most effectively by combining two purpose-built solutions, each with its own resources dedicated to its own specialised IP. We know from experience with the most significant buy-side, sell-side and vendor firms in the world, that seamlessly enabling the TradingScreen front end, without adding complexity to exchange connectivity will remove end clients’ barriers to innovation and growth across increasingly fragmented markets.”

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