Connectivity provider BT Radianz says that Logicscope, a provider of multi-asset class data management, will use the BT Radianz shared market infrastructure to offer hosted access to TradeSTP, its trade notification service.
TradeSTP aims to enable real-time deal data to be distributed automatically from multiple electronic trading systems, including single and multi-bank platforms and electronic brokers, to customers’ back offices. Through the agreement Logicscope will offer TradeSTP as a managed service on the BT Radianz shared market infrastructure. Trading venues (banks and trading platforms) and their customers will have access to TradeSTP through a single, scalable and resilient connection.
“As the FX and OTC markets continue to embrace electronic trading, there is growing demand for effective, real-time trade notification,” says Nick Dyne, Founder and Chief Executive Officer, Logicscope. “As such, it is imperative that TradeSTP can be accessed easily by market participants worldwide. The depth of BT Radianz’s FX community – and reach across multiple asset classes – greatly helps our effort to deliver innovative, multi-asset notification solutions to all participants -liquidity providers, customers and their treasury system suppliers.”
Chris Church, EVP, Global Sales and Industry Relations, BT Radianz, adds that he global FX market is a large opportunity for BT Radianz. “More and more FX players and other OTC dealing communities are realizing the cost effective benefits electronic trading brings to the market,” he says. “As that number increases, BT Radianz is well positioned to facilitate fast, direct access to all trading platforms, applications and solutions. We are delighted to add Logicscope to our FX and OTC communities and look forward to helping them to broaden their trade notification and STP footprint beyond FX market participants.”