Capital Institutional Services, an institutional agency broker in the US, has launched a new electronic trading platform designed to increase productivity and enhance best execution. Slingshot, developed by Sonic Financial Technologies, aims to combine the advantages of ECNs with the benefits of anonymous trading in one convenient platform.
“Providing access to all major pools of liquidity, SlingShot offers many features including basket trading, advanced trading tools, depth of book of the top 5 ECNs and the ability to generate research credit and satisfy client direction in one customizable system,” says Capital Institutional.
“SlingShot allows a trader to either take control of their trades or allow the product to do the work for them by employing it’s smart order routing capabilities”, adds Wendy Dailey, Manager of Electronic Trading at the firm.
“We feel that traders will benefit from reduced transaction costs, increased productivity, and enhanced execution through SlingShot while retaining the ability to generate research credits in the process.”