MarketXTs has chosen Radianz’s global financial extranet, RadianzNet, as its network supplier, giving it a single point of entry to all of parties. Similarly, for Radianz the addition of MarketXT as a customer means the company can offer institutions a single point of access to all the major ECNs.
MarketXT, Inc. is a broker-dealer and ECN that provides trading solutions to institutional clients. The company has raised over $100 million from investors, including SOFTBANK, Morgan Stanley Dean Witter, Salomon Smith Barney, Warburg Pincus Ventures, Polaris Ventures and Madoff Technologies.
“We are committed to providing our customers with access to all the major pools of liquidity so that they can trade faster and more efficiently,” explains Bill Fallon, senior vice president of sales for MarketXT, Inc. “This relationship will allow us to rapidly expand our reach to financial institutions by leveraging their existing connectivity on RadianzNet.”
Chris Church, Radianz’s executive vice president and head of global sales and marketing adds: “All of the major ECNs are using RadianzNet, which means we can offer institutions and their professionals one-connection access to many popular exchanges. One connection is far less costly than installing multiple networks to do the same.”
Beyond the equities market, institutions can also use RadianzNet to access a variety of electronic foreign-exchange, fixed-income and STP services.