Townsend Opens European Office

ORGANIZATION AND STRATEGY

Townsend Analytics, a provider of streaming data and electronic trading technology, has established a European office in London headed by former Instinet manager Rustam Lam.

Lam is responsible for broadening the use of the company’s core product RealTick, a real-time market data and direct access trading platform, and supporting existing European customers. Order routing to European firms accounts for approximately 10 percent of Townsend’s business, Lam says.

Melissa Morgan, product manager,