Linedata Services today announced an agreement with Thomson Financial to “embed” Thomson’s AutEx system into Linedata’s LongView Trading, the multi-asset class order management system.
Thomson Financial is an operating unit of The Thomson Corporation.
Users of LongView Trading will now have access” to the industry’s leading online real-time network and database for indications of interest and advertised trades directly from the LongView Trading blotter”, the company said.
The combined application allows financial institutions to make trading decisions from a single, customizable screen. LongView Trading users are able to view real-time indications of interest and trade advertisements from over 350 sell-side institutions worldwide, directly from the LongView Trading blotter.
“Today’s market requires speed and flexibility throughout all aspects of the investment process”, said Jack Wiener, COO Linedata Services. “To help our clients maximize their efficiencies, we offer the quickest tools and information delivery to their desktops. With AutEx embedded in LongView Trading, our clients can easily view available liquidity and immediately initiate negotiations with multiple counter-parties without having to switch to a different application”
Real-time market liquidity from the AutEx community of over 400 broker/dealers worldwide can now be delivered as an integrated solution within the LongView trading system, Linedata said. The combination of AutEx and LongView provides traders with a concise picture of market share opportunities and the ability to execute, all on one integrated desktop, it pointed out. This provides Linedata users a more efficient and effective trading process enabling users to increase performance with a greater ability to react quickly to changing markets.
“The combination of AutEx with Linedata creates a ‘trader’s dashboard’, allowing users the ability to evaluate liquidity and transact from a single interface” said Robert Moitoso, Senior Vice President, Thomson Financial “This is an important and strategic move for AutEx – maintaining neutral services, but at the same time integrating with users trading systems.”