Nexa Technologies, Inc., a provider of online and direct access trading solutions, has launched a hosted suite of institutional brokerage trading solutions to the securities industry.
RadiusPro combines previous releases of Nexa’s Order Management System (OMS) with direct access trading, market data delivery and an execution gateway to the North American and European markets. This offering provides the global brokerage industry with a hosted alternative to the full-service trading systems and Direct Market Access networks currently available.
The new OMS functionality will enable brokers to manage their clients’ orders, executing them on any one of the 42 stock exchanges or 23 futures and options exchanges to which Nexa has access.
“Nexa has invested significant resources into extending the functionality of its existing direct access trading systems to include broader market data coverage, order management and global exchange connectivity. By doing so, we will provide institutional and retail agency brokers with a multi-asset, end-to-end trading solution, packaged as a hosted and managed solution with a variety of client front-ends. We are already seeing significant market interest for RadiusPro as a cost-effective alternative to the existing, less flexible solutions available,” says Eric Stoop, President, Nexa Technologies, Inc.