TradingScreen Connects to Albert Fried & Company’s low-latency FIX environment

3 December 2008

TradingScreen Inc., the premier execution management system (EMS) provider of multi-broker, multi-asset class trading systems to the buy-side, has been selected by New York-based brokerage firm Albert Fried & Company to integrate to its low-latency execution FIX environment.

Albert Fried & Company offers TradingScreen’s clients an extensive service offering that spans execution and trading services, prime brokerage, clearing, and commission management, as well as diverse value added services. Supported by the latest connectivity technology, which helps to ensure low-latency, and the established reputation of a financial services firm with over 80 years of experience in financial markets, Albert Fried & Company further confirms TradingScreen’s commitment to buy-side institutions, offering broad access to liquidity through various liquidity and execution venues.

The TradingScreen-Albert Fried & Company integration provides the firm’s clients with direct market access (DMA) to ECNs, the New York Stock Exchange (NYSE), the NASDAQ market, other primary and regional exchanges and a growing network of crossing venues. Additionally, TradingScreen’s established client base now has the ability to utilize a growing suite of algorithms and smart order routing functionalities that are supported by the confidential and anonymous execution and self-clearing infrastructure of Albert Fried & Company.

Albert Fried & Company clients now gain access to the more than 100 cash, derivative, and OTC markets currently supported by TradeNet, TradingScreen’s network of international brokers, in turn expanding Albert Fried & Company’s current global market and multi-asset capabilities.

“It is clear that there is an inexorable push towards lower latency and more exchange connections. Leading brokers are responding to this and we are delighted to work with them to achieve that goal. We are pleased to have Albert Fried offering this connectivity to the buy-side community through TradingScreen,” commented Patrick Egan, TradingScreen’s Head of Sales for the Americas.

“Low latency FIX technology is a key element to our success in supporting our agency execution and prime brokerage clients. Combined with our self clearing services, Albert Fried & Company offers buy-side managers, including black-box and other quantitative strategy buy-sides, with the ability to implement their strategies in a confidential and anonymous environment.” said Scott F. Carotenuto, Managing Director, Albert Fried & Company.

Added Mr. Carotenuto: “As an industry leader in the multi-asset class, multi-broker EMS space, TradingScreen is an excellent conduit for Albert Fried & Company to provide confidential cost effective, low-latency DMA solutions to buy and sell-side institutions globally”.

The integration of Albert Fried & Company’s low-latency execution services to TradingScreen’s sell-side Partners network confirms the company’s commitment in bringing the broadest access of liquidity to the buy-side through some of the most diverse execution venues.

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