Clients of both HSBC and Townsend are now able to route order flow directly to HSBC’s block, program and direct market access 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 Eastern and other emerging markets.
As part of the integration, Townsend has also certified order flow with HSBC to its internal order management system 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.
