InfoReach Adds Fixed Income Electronic Trading with Direct Connectivity to NASDAQ OMX eSpeed
Clients gain trading access directly from InfoReach front-ends
Chicago, IL, USA, December 17, 2013 — Global electronic trading technology provider InfoReach announces its new fixed-income trading functionality with direct access to one of the largest and most liquid fixed-income cash markets in the world: U.S. Treasuries.
Together with the NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), InfoReach is launching its connection to the NASDAQ OMX eSpeed platform, which operates a fully executable central limit order book for electronic trading in benchmark U.S. Treasuries. The connectivity enables mutual clients to execute eSpeed trades through the InfoReach TMS and Prelude trading platforms. Market participants benefit from ready access to liquidity without having to allocate additional resources to infrastructure and networking efforts.
“The addition of eSpeed to InfoReach’s global connectivity network allows us to better serve the trading community in the over-the-counter market and expand our distribution to new participants, which is a key piece of our effort to diversify the opportunities offered to our customers,” said Joe Noviello, Senior Managing Director of NASDAQ OMX eSpeed. “As client demand for electronic fixed income trading continues to increase, this certified connectivity will make it easy to provide access to additional customers.”
“I can’t think of a better way to introduce our new fixed income trading functionality than with direct access to a global player like NASDAQ OMX eSpeed,” said Allen Zaydlin, Chief Executive Officer of InfoReach. “Their proven expertise in the electronic execution of U.S. Treasury Securities combined with the ability to trade and hedge fixed income and other asset classes from a single InfoReach front-end will provide customers with a formidable advantage.”
In general, the U.S. fixed-income market is steadily growing as the American economy recovers and the Federal Reserve considers tapering its quantitative easing efforts. According to the Securities Industry and Financial Markets Association (SIFMA), U.S. Treasury trading activity is up about 6 percent year over year for the first nine months of 2013. While electronic trading currently accounts for roughly 40 percent of daily trading volume, a sharp increase in e-trading is expected to benefit both marketplace operators and connected technology vendors.
About InfoReach
Comprehensive out-of-the-box functionality, rapid implementation, proven reliability and a client-centric culture have made InfoReach the trading technology provider of choice for financial institutions around the world since 1995. Our high-performance solutions help traders improve trade execution, manage portfolio and execution risk and determine optimal trading strategies.
Trade-ready for both buy- and sell-sides, the InfoReach Trade Management System (TMS) provides pre/in/post trade analysis, pre-built and broker-provided algorithms, real-time, interactive charts and position monitoring, portfolio trading capabilities, order management and FIX connectivity in a multi-broker execution management system. An optional HiFREQ component supports low-latency, high-throughput trading across multiple asset classes.
Other solutions include our FIX Engine, the InfoReach FIX Network, Brokereach EMS/OMS backup service, Second Opinion™ transaction cost analysis service and Prelude, our lower-priced, hosted trading platform available on a risk-free, month-to-month basis.
Ideal for trading environments of all sizes, InfoReach products deliver enterprise-strength performance—without the need for firms to build and maintain their own IT infrastructure. For more information, visit www.inforeachinc.com
InfoReach Media Contact:
Anne Aldrich
+1 312 787 1642
annea1@covad.net
NASDAQ OMX Media Contact:
Robert Madden
+1 646 441-5045
Robert.Madden@NASDAQOMX.com
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