NYSE Euronext, working with Intelligent Financial Systems, has announced the launch of TradeCheck, a low-cost online service designed to enable users to find the best deals on equity trades for 18 European exchanges.
The new program is aimed primarly at small- and medium-sized trading firms. It will enable broker-dealers, asset managers, hedge funds and compliance officers to ensure they have found the “best possible deal.”
TradeCheck shows how NYSE Euronext is offering innovative solutions to the market. This hosted service designed with our small and medium-sized customers in mind will help them comply with new regulation and meet their customers needs in a changing, complex world as cost-effectively as possible. TradeCheck is easy to use and has broad European coverage. It will expand to other trading venues too, if our customers want it, says Andre Went, Managing Director of Data Solutions in Europe.
Sabine Toulson of Intelligent Financial Systems added: We are excited by the launch of this service, which will help buy- and sell-side firms quickly and easily to analyse their execution quality across Europes increasingly competitive equities markets and ensure they and their customers are achieving the best possible execution prices.