The broker-neutral technology platform will now offer Eris' swap futures through its TradeSmart EMS, TradeExchange exchange links offering, and TradeFast API.
TradingScreen’s broker-neutral approach allows buy-side clients to route orders directly, either through broker FIX infrastructures of their choice or by selecting the “sponsored access” model for electronic execution of Eris Standard Swap Futures. Buy-side clients who prefer the flexibility and choice offered by non-conflicted providers will find this offering a cornerstone of their “best execution” strategy. TradingScreen is the first broker-independent EMS offering Eris products in the market, which also appeals to sell-side distribution giants like Morgan Stanley.
“Morgan Stanley’s clients are very interested in the changing liquidity profile of the interest rate market. Eris products for hedging and trading interest rate risk offer an additional tool for clients’ portfolio management,” says Joseph Sarcona, the bank's head of distribution for electronic rates trading. “Specifically, our clients using TradingScreen, can now access Eris futures on their multi-asset class trading platform.”
Adds TradingScreen CEO Philippe Buhannic, “TradingScreen is already the leader in independent centrally-cleared derivatives trading and aggregation for the buy-side as well as in algorithms across asset classes. The connection with Eris and the quality of its products reinforce what we offer and provides the large buy-side clients with a unique set of features that allow them to better handle a complex market infrastructure. We are very happy to participate in the development of Eris for the buy-side.”
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