Thomas Weisel Partners Offers Equity and Algorithmic Trading via Townsend Analytics' RealTick EMS
September 18 2007 - 12:30PM
PR Newswire (US)
CHICAGO, Sept. 18 /PRNewswire/ -- Thomas Weisel Partners and
Townsend Analytics (http://www.townsendanalytics.com/) have agreed
to supply clients with access to Weisel Execution Services (WES),
the investment bank's proprietary algorithms and equities execution
services through Townsend Analytics' flagship Execution Management
System (EMS), RealTick(R). Townsend Analytics is a leading provider
of multi-broker, multi-asset, multi-region and multi-route
electronic trading solutions for the global capital markets. The
agreement builds on Townsend's existing relationship with Thomas
Weisel Partners, and allows clients to directly route U.S. equity
orders to WES for execution using Townsend's direct-market access
exchange/ECN routes. Clients of both firms may use Thomas Weisel
Partners' suite of algorithms, which include VWAP, TWAP, Arrival
Price, Volume Participation, Get It Done, Small Cap, Closing Price,
SPY, and custom strategies. "Our trading team strives to provide
best execution in an efficient and anonymous manner, and we have
long relied upon RealTick to help us deliver this service to our
clients," explains Stephen R. Blatney, Head of Electronic Trading,
Thomas Weisel Partners. "This expanded relationship reaches a
broader audience through Townsend's global multi-broker network,
and allows both sides' clientele to benefit from Weisel's excellent
execution strategies and services." "We are pleased to welcome
Thomas Weisel Partners into our global multi-broker network and
look forward to integrating new algo strategies as they emerge,"
comments Thomas Kim, Managing Director, Global Head of Trading
Services for Townsend Analytics. "Our continued commitment to
delivering a true multi-broker EMS solution through rich
functionality, global connectivity, world-class differentiating
support and internal transparency makes us an ideal partner for
firms like Thomas Weisel Partners." About RealTick(R) RealTick,
created by Townsend Analytics, is the electronic trading industry's
premier multi-asset, multi-broker, and multi-route direct-access
trading platform. RealTick delivers real-time market data, news and
analytics; sophisticated trading tools; unrivaled access to
brokers, exchanges and ECNs; and risk management tools to
institutions, broker-dealers and individual investors. RealTick's
advanced technical design is supported by state-of-the-art data
centers and a redundant network for market data and orders. For
more information, visit http://www.realtick.com/. *RealTick is a
registered trademark of Townsend Analytics, Ltd. About Townsend
Analytics Townsend Analytics has been changing the way the world
trades since 1985. The Chicago-based company created many
technology innovations that are now considered standards in the
financial services industry. These include the first real-time
financial software under Microsoft Windows(R); the first product to
provide real-time streaming data over the Internet; the first
integrated solution for NASDAQ trading rooms; and the first
Windows-based direct-access trading solution. Townsend Analytics
also developed Archipelago and the Archipelago Exchange, the
nation's first all-electronic, fully open exchange. The firm has
engineered direct-access solutions for money managers, asset
managers, hedge funds and mutual funds worldwide. The firm's four
main lines of business include Trading Services, Content Services,
Exchange Services, and Risk Management Services. Townsend
Analytics, Ltd. is a wholly owned, independently-operated
subsidiary of Lehman Brothers (NYSE:LEH). For more information,
visit http://www.taltrade.com/. About Thomas Weisel Partners Thomas
Weisel Partners Group, Inc. (NASDAQ:TWPG) is an investment bank,
founded in 1998, focused principally on the growth sectors of the
economy. Thomas Weisel Partners Group, Inc. generates revenues from
three principal sources: investment banking, brokerage and asset
management. The investment banking group is comprised of two
disciplines: corporate finance and strategic advisory. The
brokerage group provides equity and convertible debt securities
sales and trading services to institutional investors, and offers
brokerage, advisory and cash management services to high-net-worth
individuals and corporate clients. The asset management group
consists of private equity, public equity and distribution
management. Thomas Weisel Partners is headquartered in San
Francisco, California with additional offices in New York City,
Boston, Silicon Valley, Portland, Chicago and Mumbai, India.
DATASOURCE: Townsend Analytics; Thomas Weisel Partners Group, Inc.
CONTACT: Anne Aldrich, +1-312-787-1642, , for Townsend Analytics;
or Todd Swearingen of Townsend Analytics, +1-312-442-8656, ; or
Amanda Gaines-Cooke of Thomas Weisel Partners, +1-415-364-2638, Web
site: http://www.townsendanalytics.com/ http://www.realtick.com/
http://www.taltrade.com/
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