New York, February 7, 2005 -- Tradeware Systems Corp., a leading provider of Financial Information eXchange (FIX)-based electronic order management systems and direct market access trading connectivity solutions, announced today that Robert Van Securities, Inc. (RVS) has gone live with the Tradeware Global Broker-to-Broker (B2B) network and MarketCenter order management system (OMS), a complete routing platform for international market access. Based in Oakland, Calif., RVS is a minority-owned full-service financial services firm that has been using Tradewareâs technology for its domestic clients since 2002.
"We needed pure agency-based direct market access for our international clients, and Tradeware provided the best execution and, in fact, lowered our overall cost of trade," said Russell Ware, RVSâs senior vice president of institutional sales. "MarketCenterâs global execution has proven to be the solution for our clients that require access to local markets in Europe, Asia, South America and elsewhere. The precision and redundancy of the system satisfies the technology needs of our clients."
"For those requiring a direct market access system, Tradeware delivers a turnkey solution," said Kevin Wood, IT director for RVS. "Through all of our due diligence, Tradeware was the one name that kept coming up."
"MarketCenter and our Global B2B network level the playing field for companies such as Robert Van Securities," said Stacey Marino, Tradewareâs president and chief operating officer. "This product offers the liquidity their clients are looking for so RVS can compete directly with the larger firms."
MarketCenter is a complete FIX-based electronic order management and automated order routing system. Fully NASD and SEC compliant, MarketCenter is a sophisticated rules-based application that captures, manages and routes equity order flow, automates all or part of the trading process and delivers solutions for customer allocations and commission tracking.
MarketCenter offers Straight Through Processing solutions via custom real-time or end-of-day, front-to-back office integration. It is appropriate for large and small trading operations, and can easily be configured to meet current trading needs with full expandability for future growth.
The Tradeware Global Broker-to-Broker network provides investors with efficient, FIX-enabled direct market access to multiple European liquidity pools. The network supports real-time access to the central limit order books at 22 stock exchanges in 16 European securities markets, as well as cost-effective settlement management services.