TradingScreen Inc., the premier execution management system (EMS) provider of multi-broker, multi-asset class trading systems to the buy side, today announced the launch of a new product, called “FuturesHUB”. FuturesHUB allows buy-side clients to use the same graphical user interface and connectivity to trade across multiple futures commission merchants (FCMs), markets and financial products. Additionally, the product also introduces access to trading algorithms on derivative products such as futures and options.
FuturesHUB permits buy-side clients active in listed derivatives to use TradeSmartTM or TradeFIXTM to reach most of the FCM community for algorithms, traditional DMA, discretionary orders, or phone orders through one single screen or FIX connection. The new product makes the traditional setup of most clients’ multiple dedicated broker screens obsolete, which is prone to error and back-end incompatibility, and is costly in terms of connectivity. FuturesHUB allows a client to access and choose among various brokers, all visible on the same screen, while maintaining the same connectivity, ergonomics, position, P&L and post trade allocation system. FuturesHUB is backed by 24/6 global customer support and reliable infrastructure, for which TradingScreen is well known. There are already 25 brokers offering their services through FuturesHUB of which eight are offering algorithms on futures and/or options, and the number is rapidly growing.
“FuturesHUB is resolving one of the most difficult issues faced by the buy-side clients today: How can they benefit from the algorithmic trading offering of multiple FCMs while retaining the simplicity and efficiency of a single trading platform? This has been extremely challenging until now, due to the multiplicity of screens and the complexity of post trade management which results from it,” says Philippe Buhannic, Chief Executive Officer of TradingScreen. “Clients trading futures and options can now leverage the amazing connectivity (25 FCMs connected), the instantaneous deployment and the standardized straight-through-processing output of TradingScreen while accessing the leading FCM’s algorithms for futures and options in a single ticket, on a single screen. FuturesHUB provides a completely new trading concept to the listed derivatives buy-side user.”
“At Calyon Financial we constantly adapt to the ever-changing needs of our clients,” says Leslie Sutphen, Calyon Financial’s Global Head of E-Brokerage Strategy. “One of our recent changes has been to provide our clients with algorithmic trading tools, an essential part of our execution service offering. Integrating with a trading platform such as TradingScreen, which is recognized as a leader in providing algorithmic trading functionality, gives Calyon Financial the ability to bring our clients the best of both worlds; simplicity and immediacy.”
“Integrating AES Futures with TradingScreen is key to our initiative of spreading the award winning AES algorithms across asset classes. We are pleased to be part of the newly created FuturesHUB offering” says Andrew Yao, Credit Suisse AES Futures. Guy Cirillo, Credit Suisse AES Global Channel Sales Manager added, “This extends the AES product offering to truly provide a multi-asset global solution for our clients.”
"The market and the clients in listed derivatives are starting to see the significant benefit that Algorithmic trading can bring to their trading strategies,” says Rob Hedges, Executive Director, Exchange Traded Derivatives from UBS. “UBS has been very focused on building the right products for these new needs. We welcome the development of products such as TradingScreen as it complements this strategy and allows a deep integration in the client infrastructure while retaining a rapid deployment approach.”