Tradeware Global Corp., the broker-neutral service provider for electronic access to global equity markets, has revealed that NYSE MatchPoint, a facility of NYSE Euronext (NYX) has joined Tradeware’s FIXLink global connectivity network.
Tradewares FIXLink network serves as a “liquidity grid” for global order flow, providing neutral electronic access to markets worldwide. This latest initiative adds to the direct connectivity that Tradeware has provided to the NYSE for the last 15 years. Access to MatchPoint is gained through Tradewares MarketCenter application.
NYSE MatchPoint is a portfolio-based, point-in-time electronic exchange facility that matches aggregated orders at predetermined times with no market impact. NYSE MatchPoint is designed to provide the optimal solution for portfolio and single order liquidity discovery by creating a centralised exchange-neutral matching environment. The matching facility is based on a sophisticated algorithmic model that maximises the NYSE Euronext global infrastructure and liquidity relationships. NYSE MatchPoint trades securities listed on all major and regional U.S. regional stock exchanges.
“Todays global environment demands access to liquidity. As brokers and investors try to get liquidity on demand, there is concern regarding information leakage, execution control, and finding a truly natural contra-side. When we examined partnering for global liquidity, Tradeware met all of our criteria. We believe this relationship will serve to enhance liquidity opportunities for both MatchPoint and its end clients,” says James Ross, vice president, NYSE MatchPoint.
“We believe that global order efficiency is best achieved through neutral connectivity. It is our goal to provide the underlying grid into which brokers, vendors, and other market participants can link. With NYSE MatchPoint we will continue to enhance access to global capital markets and improve the flow of capital worldwide,” adds Charles Giessen, president, Tradeware.