Townsend Analytics, Ltd. (TAL) has been a leading technology provider for the electronic trading industry since 1985, with users in over 94 countries and territories. TAL is not affiliated with any broker, providing its clients with open, unbiased access to the global markets. RealTick®, TAL’s signature product,is the industry’s premier multi-asset class market data, analytics, and direct access trading platform. Features include advanced order routing, algorithmic trading, basket trading, open API, charting, analytics, news, and more. Townsend Analytics also developed the technology behind Archipelago ECN and ArcaEx , the nation’s first totally open, all electronic stock exchange.