Consort Order Management & Routing Product passes first live trade through the LSE RSP Gateway

Consort Securities Systems Limited ("Consort"), the specialist stockbroking and investment management software house, was first past the post in processing live retail broking orders through the London Stock Exchange’s Retail Service Provider (RSP) Gateway service.

July 22nd was the go-live date for the first RSP on the Gateway service – Investec Securities - and the first order flowed seamlessly from Carr Sheppard Crosthwaite through Consort’s 4i-OMR system into the RSP Gateway and onto Investec’s dealing system provided by RoyalBlue.

"We have been working closely with the LSE and RoyalBlue since the inception of the Gateway service" commented Consort’s MD, Eric Werner. "It is always satisfying to see collaborative projects go well, particularly when they represent a significant milestone in the Exchange’s service provision to the retail stockbroking sector. As a major supplier in this arena we view it as essential to maintain currency with industry initiatives and have already started the process of linking new subscribers to the RSP Gateway using 4i-OMR in both fully integrated and stand-alone modes of operation".

"We installed our stand-alone version of 4i-OMR into Carr Sheppard Crosthwaite for this exercise which gives their dealers access to RSPs through the LSE Gateway as they come on stream. The fully integrated version allows Straight Through Processing (STP) capability from the point of order at a Client Executive’s desk"

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