Jefferies will be offering Townsend’s RealTick electronic trade Execution Management System (EMS) to their Electronic Trading, Algorithmic and Prime Brokerage customers.
Townsend’s global EMS will serve as the trading front end for Jefferies’ high performance JETS (Jefferies Electronic Trading Solutions) product and Jefferies Quantitative Execution Strategy (QES) algorithms.
“The addition of Townsend’s RealTick EMS is very complementary to our suite of proprietary algorithmic trading strategies with cutting-edge small and mid-cap features and enhances our trading capabilities,” says Ross Stevens, Co-Head of Equity Products at Jefferies & Company, Inc. “As a leading provider of liquidity and execution in small and mid-cap securities for a global clientele, we seek to offer world-class trading tools to our customers while maximizing execution opportunities and controlling risk.”
“We are delighted that Jefferies has chosen Townsend Analytics as a strategic partner in their effort to build out their electronic trading solutions,” adds Jeff Wecker, the CEO of Townsend Analytics. “As a global, multi-broker, multi-asset class and multi-route EMS solution, RealTick is positioned to help Jefferies deliver unsurpassed trade execution capabilities to their clients and a scalable platform for the future.”