Mismi Joins UNX Catalyst EMS
Institutional traders are now able to route orders directly to New York-based electronic broker-dealer and alternative trading system (ATS) Mismi through UNX's Catalyst execution management system (EMS), as well as access Mismi’s proprietary trading strategies.
Mismi's algorithms include Portfolio IS and volume-weighted average price (VWAP). The firm joins other broker-dealer integrations of late, including Fidelity Capital Markets, Goldman Sachs Electronic Trading, INTL Trading, UBS Investment Bank and Credit Suisse AES.
"Our objective is to provide state-of-the-art trading strategies that offer un-conflicted execution to our clients, and Catalyst's technology facilitates rapid implementation and customization," says Costis Maglaras, head of research at Mismi. "We can tailor our offerings to address the trading style and considerations of each client, as well as quickly respond to market structure changes with new and enhanced algorithms and smart order-routing."
In addition, NYSE Technologies recently announced that Catalyst will be distributed globally as the front-end software for its trading and data services.
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