The London Stock Exchange has announced that Proquote, its market data and trading terminal business, has signed up independent stockbroking firm Collins Stewart as a Retail Service Provider (RSP).
Per the agreement, Collins Stewart will provide equity trading and price quotation services to Proquote clients. The addition of Collins Stewart to Proquote’s range of RSPs will provide access to a greater range of prices and assets and enhancing opportunities for achieving better execution prices.
The London Stock Exchange acquired Proquote in January 2003 and it is now run as a wholly-owned subsidiary of the Exchange. Proquote provides over 2,300 terminals to 160 corporate clients including Charles Stanley, Gerrards, Prudential Bache, Investec Henderson Crosthwaite and TD Waterhouse.