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April 24, 2009

Townsend Analytics adds Societe Generale to international multi-broker network

Traders to have access to Societe Generale's suite of algorithmic trading strategies

By CBR Staff Writer

Townsend Analytics, a provider of global multi-broker, cross-asset electronic trading solutions, has added Societe Generale to its international multi-broker network. This strategic arrangement is expected to allow clients to access Societe Generale Corporate & Investment Banking services through Townsend’s RealTick execution management system.

Townsend Analytics has said that RealTick users will be able to route equity direct market access (DMA) orders, worked orders, list trades and program trades directly to Societe Generale Corporate & Investment Banking (SG CIB). Traders also will have access to Societe Generale’s suite of algorithmic trading strategies.

Societe Generale joins Townsend’s global multi-broker network, which includes Barclays Capital, BNY ConvergEx, Credit Suisse, HSBC, Instinet, Merrill Lynch, Morgan Stanley and UBS. Townsend’s RealTick platform aggregates multiple brokers, destinations and products onto a single-screen format.

RealTick was recently upgraded to offer expanded multi-broker, multi-asset functionality, enhanced list trading capabilities and the ability to route orders to multiple dark pools, broker algorithms or liquidity venues, according to Townsend Analytics.

Richard Hills, global head of electronic services at SG CIB, said: Clients increasingly want to have more control over order execution and to expand their network of brokers.

RealTick is a global, multi-broker execution management system that streamlines and simplifies user workflow, with the IT infrastructure, reliable data and failsafe operations that Societe Generale, and our clients, can count on.

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