Under the terms of the agreement, RTS will integrate OESâs smart order routing technology into its trading applications, enabling equity traders to ensure that orders are routed to the exchange with the best price.
The new alliance brings equity smart order routing and Direct Market Access (DMA) to RTSâs customers through multiple execution venues, including NASDAQ, BATS and the National Stock Exchange. RTS joins the growing worldwide network of securities industry leaders served by OES, including market centers NYSE Arca, the Philadelphia Stock Exchange (PHLX), the ISE Stock Exchange, and top broker-dealers. OESâs customers will also gain access to multiple DMA execution venues worldwide facilitated by RTS.
âThis opportunity adds another level of functionality and an extensive range of additional venues to RTSâs already large selection,â said Steffen Gemuenden, co-CEO of RTS Realtime Systems Group. âWe believe the alliance will bring more business to RTS as the ability to trade multiple asset classes seamlessly continues to gain in importance.â
âOES is excited about this new relationship with RTS, and the expansion of our customer base across national boundaries and oceans,â said Michael Barth, executive vice president of Strategic Initiatives for OES. âWe look forward to working with RTS to add access to international markets and satisfying MiFID requirements through this link to RTSâs solutions.â