thinkorswim has implemented a new upgrade utilising Microsoft.net for its thinklink OMS, in addition to adding TouchPoint Securities, an agency only broker dealer, as a client utilising the thinklink OMS platform.
“Adding partners and clients like TouchPoint keep us at the top of our game in developing trading innovative solutions and ways to help them expand their business. They understand the need to be cutting-edge and provide strong client service,” says Tom Sosnoff, president, thinkorswim.
thinkorswim’s thinklink product, which services sell side desks, will enable TouchPoint Securities to receive electronic order flow from buy-side customers and route the orders to various liquidity points.
“What appealed most to us about thinklink is the functionality of their platform and their high touch service. The platform is user friendly yet sophisticated and its interface shows all of our orders in one central location by both individual and branch office. thinklink provides us with a cost effective order management solution that allows us to trade equity and equity derivatives for our clients globally,” adds Robert C. Smith, CEO, TouchPoint Securities, inc.
Since the third quarter of 2007, thinkorswim has also formed joint relationships with Credit Suisse (AES) and NorthPoint Trading Partners, LLC as well as ongoing relationships with major clearing firms.