RealTick News

RealTick And Latin American Broker Bulltick Capital Markets Expand Execution Offering In Equities And Futures

6/14/2010 10:55:35 AM

New York, 14 June, 2010 - RealTick® (www.realtick.com), the leading global multi-broker, cross-asset electronic trading platform has expanded the suite of products provided by the Latin American investment banking and brokerage house, Bulltick Capital Markets. This longstanding relationship now enables clients to access Bulltick’s direct to market and algorithmic trading execution capabilities for the major LatAm and US markets. In addition, clients can access Bulltick’s execution for futures and international equities.

"Regional investors are increasingly seeking trading opportunities across local, pan-regional and international markets, while at the same time international investors are increasing their exposure to the LatAm markets. Bulltick is able to service both types of investors with an integrated local, US and international execution expertise." said Alejandro Creixell, Managing Partner, Bulltick Capital Markets.

"Our aim at RealTick is to provide clients with access to the broadest network of global and specialist brokers across all regions, thereby enabling traders with the ability to execute their orders and implement their investment ideas as effectively as possible. By expanding the execution capabilities from Bulltick we are enabling investors to access one of the world's fastest growing regions," said Michel Finzi, Global Head of Business Development at RealTick.

"We use RealTick as our trading platform internally and deploy it for trading clients, so we are pleased to have expanded our relationship together. Bulltick is able to provide electronic execution and support in the major Latin American markets, across large, mid and small cap stocks, as well as cross border execution expertise" adds Creixell.

"This integration is another example of how through a single, easy to use platform, clients have rapid access to the widest network of brokers, electronic products, markets and expertise globally and regionally," adds Michel Finzi.

Bulltick is part of RealTick’s global multi-broker network which includes, among many others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, CA Cheuvreux, Citigroup, ConvergEx Group, Credit Suisse, Deutsche Bank, Goldman Sachs, Instinet, Jefferies, JP Morgan, Knight, MF Global, Morgan Stanley, Nomura, RBC Capital Markets, Societe Generale and UBS.

RealTick continues to upgrade its fully configurable multi-broker, multi-asset class Execution Management System with advanced features that enable traders to simplify their daily workflow and stay focused on achieving better execution performance across brokers, algorithms, liquidity pools and asset classes, with ease.

About RealTick
RealTick is the electronic trading industry's premier global, multi-broker, broker neutral, multi-asset Execution Management System (EMS). RealTick's unsurpassed flexibility and customizability streamlines trader workflow by delivering a fully integrated front-to-back solution, including sophisticated trading tools; unrivalled electronic access to leading global brokers, exchanges, ECNs and ATSs, plus alternative pools of liquidity; real-time market data, news, analytics and risk management tools. Used by institutions, broker-dealers and traders worldwide, RealTick EMS is supported by stateof-the-art global data centers and a redundant network for ultimate stability and resiliency.
For more information, visit www.realtick.com.

*RealTick is a registered trademark of Townsend Analytics, Ltd.

About Bulltick
Bulltick Capital Markets LP is an investment bank specialized in Latin America. Through its subsidiaries, the company offers sales and trading, research, investment banking and asset management services, locally and regionally, specializing in cross border transactions. Bulltick’s client base is composed of major financial institutions and qualified investors in Latin America, and the international investment community with interests in the region. Operating since 1999 and headquartered in the U.S., Bulltick Capital Markets maintains a geographic footprint that extends across Latin America with business presence across the region and offices in Miami, Sao Paulo, Mexico, Bogota and Buenos Aires.
For more information go to www.bulltick.com

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For more information contact:

RealTick
Rustam Lam, Director
+44 (0) 20 7786 5091
rlam@realtick.com

Bulltick
Alejandra Slatapolsky, Head of Communications and Marketing
+1 305 722 5008
alejandras@bulltick.com

RealTick Expands Relationship With Jefferies, Adding Newest Algorithmic Suite And Pairs Trading Capabilities

5/12/2010 11:53:18 AM

New York, May 12 2010 — RealTick® (www.realtick.com), the leading global, multi-broker, cross-asset electronic trading platform, has expanded its capabilities with Jefferies & Company, Inc., as part of its international multi-broker network. This longstanding partnership allows clients to now execute US equity Pairs trades, plus international equities, using new algorithms from Jefferies, a major global securities and investment banking firm.

RealTick users can now access Jefferies’ newest suite of algorithms. This enhanced functionality is demonstrated in three new innovative algorithms: MultiScale, Trader, and Panel, all of which allow a trader to take more control over executions and be more responsive to changing market dynamics.

Additionally, Jefferies has upgraded its Pairs trading algorithms, providing simultaneous execution of two stocks using pre-defined conditions including: spread, price ratio and relative performance versus a benchmark. International algorithmic execution is also available alongside Jefferies’ existing direct access, program trading and smart order routing capabilities for US, international equities, and US options in RealTick.

“As Jefferies continues to expand globally, we expect our algorithmic suite including our Pairs algorithms, coupled with RealTick’s highly user friendly platform, to provide clients with enhanced execution capabilities and performance for their trading strategies.” said Daniel Charney, Head of Global Electronic Trading Services at Jefferies. “All of our algorithms use sophisticated order placement, enabling the strategies to intelligently source displayed and non-displayed liquidity.”

“Our aim is to ensure clients have access to the widest network of brokers and their latest electronic products globally. We are pleased to have significantly expanded the execution capabilities available via Jefferies, particularly in relation to Pairs trading, which is gaining greater focus with clients,” states Michel Finzi, Global Head of Business Development at RealTick.

“Traders looking to capture alpha increasingly want a single platform with the tools they need to execute sophisticated trading strategies, backed by the highest level of client service, from their brokers and execution platform,” adds Finzi.

Jefferies is part of RealTick’s global multi-broker network, which includes, among many others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, CA Cheuvreux, Citigroup, ConvergEx Group, Credit Suisse, Deutsche Bank, Goldman Sachs, Instinet, JP Morgan, Knight, MF Global, Morgan Stanley, Nomura, RBC Capital Markets, Societe Generale, and UBS.

RealTick continues to upgrade its fully configurable multi-broker, multi-asset class EMS with advanced features that enable traders to simplify their daily workflow and stay focused on achieving better execution performance across brokers, algorithms, liquidity pools and asset classes, with ease.
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About RealTick
RealTick is the electronic trading industry’s premier global, broker neutral, multi-asset Execution Management System (EMS). RealTick’s unsurpassed flexibility and customizability streamlines trader workflow by delivering a fully integrated front-to-back solution, including sophisticated trading tools; unrivalled electronic access to leading global brokers, exchanges, ECNs and ATSs, plus alternative pools of liquidity; real-time market data, news, analytics and risk management tools. Used by institutions, broker-dealers and traders worldwide, RealTick EMS is supported by state-of-the-art global data centers and a redundant network for ultimate stability and resiliency.
For more information, visit www.realtick.com.
*RealTick is a registered trademark of Townsend Analytics, Ltd.

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For additional information contact:

RealTick:
Rustam Lam, Director
+44 (0) 20 7786 5091
rlam@realtick.com

RealTick Launches Advanced Options Functionality For Multi-Asset Trading In Latest 9.3 Release

4/23/2010 10:44:03 AM

London, April 21, 2010 — RealTick® (www.realtick.com), the leading global multi-broker, cross-asset class electronic trading platform has expanded its options functionality, providing RealTick clients with advanced execution capabilities and tools for trading in European, Asian and US markets.

RealTick 9.3 includes enhanced spread trading capabilities, allowing users to view and interact with the ISE spread (complex order) book, facilitating multi-legged options strategies. In addition, RealTick now provides an indicative spread montage across exchanges for enhanced use of RealTick managed spreads. This new release also enables users to automatically delta hedge options positions. This functionality is in addition to previously available options trading benefits around US and European option trading in RealTick including real-time options analytics, volatility based trading and other broker based options algorithms.

“We continue to see accelerating multi-asset usage through RealTick. Traders are looking to increase trading opportunities and investment returns through the use of additional and linked multi-asset strategies. This package of advanced functionality is in response to that demand, providing clients with further cross asset capabilities in a single platform,” states Peter Ward, Head of International Sales at RealTick.

“In addition our broker partners want to efficiently offer a broader range of markets and electronic execution services, in particular direct to market and algorithms in options and futures markets, on top of their existing equities execution available to clients, ” continues Ward.

“Traders are looking for a single platform which is functionally rich, integrates well into their workflow and is fully configurable to their trading needs. The ability to easily execute across asset classes with chosen brokers, monitor multi-asset positions in a single blotter and have a suite of advanced trading tools, empowers clients with opportunities for better execution performance and provides a competitive advantage in executing investment strategies across equities, options and futures markets,” adds Ward.

RealTick’s global multi-broker network includes, among many others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, BNY Convergex, CA Cheuvreux, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Instinet, JP Morgan, Knight, MF Global, Morgan Stanley, Nomura, RBC Capital Markets, Societe Generale, and UBS.

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About RealTick
RealTick is the electronic trading industry’s premier global, broker neutral, multi-asset Execution Management System (EMS). RealTick’s unsurpassed flexibility and customizability streamlines trader workflow by delivering a fully integrated front-to-back solution, including sophisticated trading tools; unrivalled electronic access to leading global brokers, exchanges, ECNs and ATSs, plus alternative pools of liquidity; real-time market data, news, analytics and risk management tools. Used by institutions, broker-dealers and traders worldwide, RealTick EMS is supported by state-of-the-art global data centers and a redundant network for ultimate stability and resiliency.
For more information, visit www.realtick.com.
*RealTick is a registered trademark of Townsend Analytics, Ltd.

RealTick
Rustam Lam, Director
+44 (0) 20 7786 5091
rlam@realtick.com

RealTick Expands Electronic Offering Through The Addition Of Goldman Sachs’ Global Futures And Options Execution

4/19/2010 10:34:32 AM

London, April 12, 2010 — RealTick® (www.realtick.com), the leading global multi-broker, cross-asset electronic trading platform has added Goldman Sachs’global futures and options execution services to their platform. RealTick clients can now use Goldman Sachs’ latest algorithms, worked and direct access execution services for futures and options markets.

"The integration of global futures and options execution adds to Goldman Sachs’ equity offering already available on RealTick, including algorithmic, worked, dark pool liquidity and direct to market execution services in global equities. This addition provides clients with the potential for broader cross asset execution opportunities and linked trading strategies, as institutions worldwide are moving to more cross asset class trading to generate additional returns for their investors.” states Peter Ward, Head of International Sales at RealTick.

"Traders increasingly demand a single, functionally rich platform which can integrate well into their workflow and trading style, across asset classes, whilst providing easy access to their list of broker partners and their execution services. Our focus at RealTick is to provide clients with rapid access to the widest network of brokers and their global electronic products across asset classes,” adds Ward.

Goldman Sachs is part of RealTick’s global multi-broker network which includes, among many others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, CA Cheuvreux, ConvergEx Group, Citigroup, Credit Suisse, Deutsche Bank, Instinet, JP Morgan, Knight, MF Global, Morgan Stanley, Nomura, RBC Capital Markets, Societe Generale and UBS.

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About RealTick
RealTick is the electronic trading industry’s premier global, broker neutral, multi-asset Execution Management System (EMS). RealTick’s unsurpassed flexibility and customizability streamlines trader workflow by delivering a fully integrated front-to-back solution, including sophisticated trading tools; unrivalled electronic access to leading global brokers, exchanges, ECNs and ATSs, plus alternative pools of liquidity; real-time market data, news, analytics and risk management tools. Used by institutions, broker-dealers and traders worldwide, RealTick EMS is supported by state-of-the-art global data centers and a redundant network for ultimate stability and resiliency.
For more information, visit www.realtick.com.

*RealTick is a registered trademark of Townsend Analytics, Ltd.

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For more information contact:
RealTick
Rustam Lam, Director
+44 (0) 20 7786 5091
rlam@realtick.com

RealTick Expands Relationship With Nomura Adding Their Latest U.S. Electronic Equity Trading Capabilities - Leveraging FIXatdl

3/24/2010 10:12:37 AM

New York, March 23, 2010 — RealTick® (www.realtick.com), the leading global multi-broker, crossasset electronic trading platform has expanded its relationship with Nomura adding their latest electronic US equity trading products to its platform. This enhancement now allows RealTick traders the ability to execute trades in European, Asian and the US markets with Nomura.

RealTick users can access Nomura’s latest ModelEx™ suite of algorithms, Smart Router and dark crossing platform NX,TM as well as make use of Nomura’s direct market access, Program Trading and Worked Order capabilities, for US, European and Asian equity execution. In addition RealTick clients can also access Nomura’s pairs trading and portfolio trading strategies along with the ability to access global futures markets via direct market access, Worked Order and Algorithmic execution services available through ModelEx™.

“We are pleased to partner with RealTick to deliver our ModelEx US Algorithms in RealTick to
complement our global ModelEx offerings. We will continue to expand our equity offering in the US and are committed to providing a world class electronic trading product to our clients" Kevin Brady, MD Nomura Securities.

“RealTick’s focus is to ensure that our clients have rapid and easy access to the widest network of brokers and their electronic products globally across asset classes. We are pleased to have expanded the depth and breadth of global execution capabilities by adding Nomura’s ModelEx™ algorithms into RealTick,” states Michel Finzi, Global Head of Business Development at RealTick.

“Traders increasingly want a single platform which integrates well into their work flow, one that is functionally rich, configurable and easy to use and which provides access to the latest execution capabilities from their broker partners. Nomura and RealTick took full advantage of the FIX Algorithmic Trading Definition Language (atdl). Combined with RealTick’s interactive broker tools, this enabled us to swiftly and accurately deploy Nomura’s products and tailored new strategies within RealTick” adds Finzi.

Nomura is part of RealTick’s global multi-broker network, which includes, among many others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, BNY Convergex, CA Cheuvreux, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Instinet, JP Morgan, MF Global, Morgan Stanley, RBC Capital Markets, Societe Generale, and UBS.

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About RealTick
RealTick is the electronic trading industry’s premier global, broker neutral, multi-asset Execution Management System (EMS). RealTick’s unsurpassed flexibility and customizability streamlines trader workflow by delivering a fully integrated front-to-back solution, including sophisticated trading tools; unrivalled electronic access to leading global brokers, exchanges, ECNs and ATSs, plus alternative pools of liquidity; real-time market data, news, analytics and risk management tools. Used by institutions, broker-dealers and traders worldwide, RealTick EMS is supported by state-of-the-art global data centers and a redundant network for ultimate stability and resiliency. For more information, visit www.realtick.com.
*RealTick is a registered trademark of Townsend Analytics, Ltd.

About Nomura
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: retail, global markets, investment banking, merchant banking, and asset management. For further information about
Nomura, please visit www.nomura.com.

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Media Contacts:
RealTick
Rustam Lam, Director
+44 (0) 20 7786 5091
rlam@realtick.com

RealTick Adds Access To Knight Algorithms And Liquidity Using FIXatdl

3/18/2010 10:15:03 AM

New York, March 18, 2010 — RealTick® (www.realtick.com), the leading global multi-broker, cross-asset electronic trading platform has expanded access to Knight’s algorithms and liquidity through Knight Direct LLC, a subsidiary of Knight Capital Group.
RealTick users now have access to Knight’s EdgeTrade algorithmic strategies, including liquidity seeking and smart order execution strategies FAN and Oasis, for execution in US, Canadian and European equity markets. Through these algorithms, RealTick users can tap the liquidity in the Knight Match dark pool and source off-exchange liquidity through Knight Link, in addition to seeking liquidity across the marketplace through Knight’s smart order routing technology.

“The integration of our latest algorithmic execution capabilities in RealTick provides us with a platform to service both sell-side and buy-side clients with market access and deeper liquidity as an agency broker. As Knight continues to expand globally, we expect RealTick’s advanced execution and workflow tools will be an important benefit in delivering our product capabilities to clients effectively,” states Joseph Wald, Managing Director, Knight Direct.
“We are pleased to have expanded the execution capabilities provided by Knight’s full service agency execution desk, to include their latest equity algorithms. Our aim at RealTick is to provide clients with rapid access to the widest network of brokers and their electronic products globally, and using FIXatdl we are able to achieve this integration in a timely manner.” states Michel Finzi, Global Head of Business Development at RealTick. “Traders increasingly want a single, functionally rich platform which integrates well into their work flow and provides efficient access to the broad spectrum of their broker partners and their execution services.” he adds.

Knight is part of RealTick’s global multi-broker network which includes, among many others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, BNY Convergex, CA Cheuvreux, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Instinet, JP Morgan, MF Global, Morgan Stanley, RBC Capital Markets, Societe Generale, and UBS.

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About RealTick
RealTick is the electronic trading industry’s premier global, multi-broker, broker neutral, multi-asset Execution Management System (EMS). RealTick’s unsurpassed flexibility and customizability streamlines trader workflow by delivering a fully integrated front-to-back solution, including sophisticated trading tools; unrivalled electronic access to leading global brokers, exchanges, ECNs and ATSs, plus alternative pools of liquidity; real-time market data, news, analytics and risk management tools. Used by institutions, broker-dealers and traders worldwide, RealTick EMS is supported by state-of-the-art global data centers and a redundant network for ultimate stability and resiliency.
For more information, visit www.realtick.com.
*RealTick is a registered trademark of Townsend Analytics, Ltd.

About Knight
Knight Capital Group, Inc. (Nasdaq: NITE) is global financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight's hybrid market model features complementary electronic and voice trade execution services in global equities and fixed income as well as foreign exchange, futures and options. The firm is consistently ranked as the leading source of off-exchange liquidity in U.S. equities. Knight also provides capital markets services to corporate issuers. Knight is headquartered in Jersey City, NJ with a growing global presence across North America, Europe and the Asia-Pacific region. For more information, please go to www.knight.com.
The EdgeTrade algorithmic suite is offered through Knight Direct LLC and Knight Equity Markets, L.P., members FINRA & SIPC and subsidiaries of Knight Capital Group.

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Media Contacts:

Realtick
Rustam Lam, Director
+44 (0) 20 7786 5091
rlam@realtick.com

RealTick fully prepared for Options Symbology changes starting in February

2/5/2010 2:10:11 PM

Beginning February 12, 2010 a number of significant changes come into force for participants trading, reporting and managing options. RealTick fully supports these industry changes, which will make execution in options easier for traders and investors.

These changes relating to option symbology, how the instrument is commonly designated, include:

A migration from OPRA’s (Options Price Reporting Authority) code to a clear definition based on multiple fields – the option symbol, maturity, day, call/put indicator and strike price
All equity strikes, currently in fractions, will be decimalized

RealTick has, since mid 2009, been working closely and testing actively with the industry and key partners to ensure full operability, support and a seamless transition to the new symbology for clients.

Further industry background and detail can be view at www.theocc.com

Below are detailed the phased changes to options symbology:

Current TAL Symbol: +RRRnz (OCC root, month & P/C indicator, strike price indicator)

Current Representation
Option Symbol	OPRA Code	Option Strike	P/C	Expiration Date	TAL Symbol
NQ	BD	20.000	C	02/2010	+NQBD
NQ	ND	20.000	P	02/2010	+NQND

12 February – May: Consolidation Phase TAL Symbol: +RRRddnyss.ss (OCC root, day, month & P/C indicator, year, strike)

Market Open As of 2/12/2010
Option Symbol	Option Strike	P/C	Expiration Date	TAL Symbol
NQ	20.000	C	2/20/2010	+NQ\20B0\20
NQ	20.000	P	2/20/2010	+NQ\20N0\20

May onwards: Post Consolidation Phase

Post Consolidation
Option Symbol	Option Strike	P/C	Expiration Date	TAL Symbol
INTC	20.000	C	4/17/2010	+INTC\17D0\20
INTC	20.000	P	4/17/2010	+INTC\17P0\20

Following the transition, the Townsend Analytics OSI symbology will be:

+UUUUUUddnyss.ss.

Symbology defined:

UUUUUU = series code, based on underlier, 1-6 characters.
dd = 2-digit day of month.
n = month code as in Opra Month Codes, also indicating Put vs Call.
y = last digit of 4 digit year code (e.g. 2010 = 0, 2011 = 1).
ss.ss = strike price, normalized to contain the minimum number of decimal places, e.g. 12.5 rather than 12.50.

OPRA Month Codes:

Month:	Call Month Code	Put Month Code
January	A	M
February	B	N
March	C	O
April	D	P
May	E	Q
June	F	R
July	G	S
August	H	T
September	I	U
October	J	V
November	K	W
December	L	X

Illustration of symbology code change for INTEL Corp displayed below:

12 February – May: Consolidation Phase

May onwards: Post Consolidation Phase

RealTick sponsors TradeTech’s Buy-Side Trading Summit and Conference, New York 22-24 February 2010

2/4/2010 9:52:03 AM

RealTick sponsors TradeTech’s Buy-Side Trading Summit and Conference, New York 22-24 February 2010. Come and visit our stand at the Marriott Marquis, New York, to see how RealTick Execution Management System can make your trading easier.

Click here for Buy-Side Summit agenda.

Click here for Conference details.

RealTick at TraderForum's 2010 Equity Trading Summit

1/25/2010 1:50:38 PM

Come and visit our stand on 28 January at the Grand Hyatt in New York to see how RealTick Execution Management System can make your trading easier.

Click here to view the agenda.

For more information, visit http://www.iimemberships.com/.

RealTick EMS adds the latest Equity Algorithms and Futures Execution from Deutsche Bank

12/14/2009 10:49:27 AM

USA, New York , December 14, 2009 — RealTick (www.realtick.com), the leading global multi-broker, cross-asset electronic trading platform, has integrated the latest suite of global equity algorithms and futures execution capabilities from Deutsche Bank. This builds on a longstanding relationship between the two companies.

RealTick users can now access the latest algorithmic strategies including Stealth, Target Close and Optimal Portfolio Execution (OPX), as well as custom strategies. Clients can execute algorithmic, worked and direct to market orders via Deutsche Bank’s autobahn global trading platform, leveraging the smart order router to reach equity liquidity in multiple venues. In addition RealTick users can execute futures contracts directly on the market via Deutsche Bank’s newly integrated DMA capabilities.

Michel Finzi, Global Head of Business Development, with RealTick comments, “Deutsche Bank and RealTick have a longstanding relationship and we are pleased to make their latest equity and futures products available via RealTick. Across the board, RealTick clients require the ability to access the latest algorithmic strategies from their key trading partners efficiently and quickly, through a single trading platform.”

“In order to deliver on this requirement RealTick has developed Deutsche Bank’s latest algorithms using the Algorithmic Trading Definition Language (ATDL) - the new industry standard from FIX. Our implementation of ATDL significantly speeds up the deployment of new algorithms from the broker to the trader. RealTick clients can route orders to Deutsche Bank’s strategies, including the ability to overlay the broker’s ‘I would’ strategy,” continues Finzi. “The RealTick EMS is built on a ‘best in class’ technology infrastructure, offers reliable data and the robust operations, service and support capabilities our clients demand.”

Deutsche Bank is part of RealTick’s global multi-broker network, which includes, among many others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, BNY Convergex, CA Cheuvreux, Citigroup, Credit Suisse, Goldman Sachs, Instinet, JP Morgan, MF Global, Morgan Stanley, Nomura Securities, RBC Capital Markets, Societe Generale, and UBS.
RealTick recently upgraded its category defining multi-asset class EMS with enhanced single stock and list trading functionality including, advanced benchmark analysis and industry sector management, plus dynamic navigation and order entry tools, as well as sophisticated options trading capabilities. These enhancements enable traders to fully configure and simplify their workflow, in order to stay focused on achieving better trading performance across broker algorithms, liquidity pools and asset classes in one click.
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About RealTick
RealTick is the electronic trading industry’s premier global, broker neutral, multi-asset Execution Management System (EMS). RealTick’s unsurpassed flexibility and customizability streamlines trader workflow by delivering a fully integrated front-to-back solution, including sophisticated trading tools; unrivalled electronic access to leading global brokers, exchanges, ECNs and ATSs, plus alternative pools of liquidity; real-time market data, news, analytics and risk management tools. Used by institutions, broker-dealers and traders worldwide, RealTick EMS is supported by state-of-the-art global data centers and a redundant network for ultimate stability and resiliency. For more information, visit www.realtick.com.

*RealTick is a registered trademark of Townsend Analytics, Ltd.

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Contacts:
Townsend Analytics
Rustam Lam, Director
+44 (0) 20 7786 5091
rlam@realtick.com

Deutsche Bank – Europe
AESales.emea@db.com
+44 (0) 20 7547 2587
+1 800 553 1226

RealTick® expands its electronic execution platform with Real-Time TCA from UBS Fusion

11/2/2009 10:35:00 AM

London, United Kingdom, November 2, 2009 — RealTick (www.realtick.com), the leading global multibroker, cross-asset electronic trading platform has further expanded the electronic execution products clients can access through RealTick EMS to include the UBS Fusion web-based platform of transaction cost analysis tools, including their new Real-Time TCA offering. This enables clients to seamlessly manage single stocks and portfolios between the RealTick EMS and UBS Fusion, creating a powerful combination of analytics and execution capabilities.

“We are pleased to have expanded our long standing relationship with UBS by integrating a leading TCA product, Fusion, into RealTick. Our clients will be able to benefit from easy access to high quality single stock and portfolio trading cost analytics, both historical and real-time, adding substantial value to their trading decisions and execution,” comments Peter Ward, Head of International Business Development for Townsend Analytics.

“Our ongoing focus is to ensure our clients have direct and easy access to their key trading partners and their value added trading tools and liquidity wherever it may reside globally. The addition of a broader range of UBS products enables clients to access a major global broker with established expertise across electronic execution and TCA tools,” Ward adds.

Tim Wildenberg, Head of UBS Direct Execution for EMEA, said: “The seamless integration of transaction cost analysis and trading execution is very powerful for today’s electronic traders. Integrating UBS Fusion into RealTick’s EMS raises the bar even higher -- Fusion makes real-time execution information available while clients’ orders are live allowing them to easily and efficiently manage, monitor and quickly adjust active orders. When delivered via RealTick EMS alongside our existing equity and equity options algorithmic trading and DMA services, the result is a set of tools that deliver tremendous opportunities to enhance performance.”

RealTick recently upgraded its category defining EMS with enhanced single stock and list trading functionality, more sophisticated options trading functionality and advanced workflow capabilities, which further empower traders to more effectively manage trading strategies across multiple brokers, asset classes, and liquidity pools in one click.

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About RealTick
RealTick, created by Townsend Analytics, is the electronic trading industry’s premier global, broker neutral, multi-asset Execution Management System (EMS). RealTick’s unsurpassed flexibility and customizability streamlines trader workflow by delivering a fully integrated front-to-back solution, including sophisticated trading tools; unrivaled access to leading global brokers, exchanges, ECNs and other pools of liquidity; real-time market data, news, analytics and risk management tools. Used by institutions, broker-dealers and traders worldwide, RealTick is supported by Townsend’s state-of-the-art global data centers and a redundant network for ultimate stability and resiliency. For more information, visit www.realtick.com.

*RealTick is a registered trademark of Townsend Analytics, Ltd.

About Townsend Analytics
Townsend Analytics has been changing the way the world trades since 1985. The Chicago-based company created many technology innovations that are now considered standards in the financial services industry. These include the first real-time financial software under Microsoft Windows®; the first product to provide real-time streaming data over the Internet; the first integrated solution for NASDAQ trading rooms; and the first Windows-based direct-access trading solution. Townsend Analytics also developed Archipelago and the Archipelago Exchange, the nation’s first all-electronic, fully open exchange. The firm has engineered direct-access solutions for money managers, asset managers, hedge funds and mutual funds worldwide. Townsend Analytics, Ltd. is a wholly owned, independently-operated subsidiary of Barclays Bank PLC. For more information, visit www.townsendanalytics.com.

Media Contacts:
Townsend Analytics
Rustam Lam, Director
+44 (0) 20 7786 5091
rlam@realtick.com

RealTick® Execution Management System (EMS) connects to Goldman Sachs for Global Equities Execution

10/30/2009 4:02:13 PM

USA, Chicago, October 12, 2009 — RealTick (www.realtick.com), the leading global multi-broker, cross-asset electronic trading platform, has added Goldman Sachs to its international multi-broker network. This important arrangement allows clients to access Goldman Sachs Electronic Trading (GSET) through RealTick EMS.

RealTick users can now access the latest range of equity algorithms from GSET. Clients will also have the ability to send orders to Goldman Sachs’ ATS, SIGMA X, as well as send orders directly to the market via Goldman Sachs’ SIGMA smart order router, allowing customers to reach a broad pool of equity liquidity globally.

Michel Finzi, Global Head of Business Development, Townsend Analytics comments, “Clients, across the spectrum, increasingly want to take greater control of order execution and access to their key trading partners. There is strong demand to have a single system on their desk, from which they can easily and efficiently manage and route orders to the brokers and venues of their choosing. We already have a number of institutions connected and sending orders to GSET via RealTick, with several more in the pipeline.”

“We are pleased to have added Goldman Sachs, a leading provider of market liquidity in global equities, onto the RealTick network. We believe RealTick clients will benefit from being able to route orders to GSET via thirteen algorithmic strategies, including regional specific ones, without changing platform or interface,” continues Finzi. “RealTick is a global, multi-broker EMS that streamlines and simplifies user workflow, with the technology infrastructure, reliable data and robust operations.”

Goldman Sachs joins RealTick’s global multi-broker network, which includes, among many others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, BNY Convergex, CA Cheuvreux, Citigroup, Credit Suisse, Instinet, JP Morgan, MF Global, Morgan Stanley, Nomura Securities, Societe Generale, and UBS. RealTick aggregates multiple brokers and their electronic products onto a single-screen format.

RealTick recently upgraded its category defining multi-asset class EMS with enhanced single stock and list trading functionality as well as more sophisticated options trading enhancements. New features include advanced benchmarking, industry sector management, dynamic navigation tools and advanced options spreads trading capabilities. These enhancements enable traders to customize their workflow and stay focused on achieving better trading performance across broker algorithms and liquidity pools in one click across asset classes.

About RealTick

RealTick, created by Townsend Analytics, is the electronic trading industry’s premier global, broker neutral, multi-asset Execution Management System (EMS). RealTick’s unsurpassed flexibility and customizability streamlines trader workflow by delivering a fully integrated front-to-back solution, including sophisticated trading tools; unrivaled access to leading global brokers, exchanges, ECNs and other pools of liquidity; real-time market data, news, analytics and risk management tools. Used by institutions, broker-dealers and traders worldwide, RealTick is supported by Townsend’s state-of-the-art global data centers and a redundant network for ultimate stability and resiliency.

For more information, visit www.realtick.com.

*RealTick is a registered trademark of Townsend Analytics, Ltd.

About Townsend Analytics

Townsend Analytics has been changing the way the world trades since 1985. The Chicago-based company created many technology innovations that are now considered standards in the financial services industry. These include the first real-time financial software under Microsoft Windows®; the first product to provide real-time streaming data over the Internet; the first integrated solution for NASDAQ trading rooms; and the first Windows-based direct-access trading solution. Townsend Analytics also developed Archipelago and the Archipelago Exchange, the nation’s first all-electronic, fully open exchange. The firm has engineered direct-access solutions for money managers, asset managers, hedge funds and mutual funds worldwide. Townsend Analytics, Ltd. is a wholly owned, independently-operated subsidiary of Barclays Bank PLC. For more information, visit www.townsendanalytics.com.

###

Media Contacts:

Townsend Analytics

Rustam Lam, Director

+44 (0) 20 7786 5091

rlam@realtick.com

RealTick 9.2 Now Available

7/24/2009 11:46:00 AM

Townsend Analytics is pleased to announce the release of RealTick 9.2, which can be downloaded by visiting our Downloads page. Subscribers can view the Release Notes Overview Page by clicking here.

RealTick 9.2 introduces significant new features for equity and derivative traders, including:

A “spreads view” - for commonly traded options strategies (e.g. butterfly, bull, bear, calendar spreads, etc.)
Customizable toolbars - configurable for specific trading workflow, brokers and accounts
List trading enhancements - providing enhanced execution performance monitoring across multiple benchmarks and lists
New order types - enabling greater order management

RealTick 9.2 builds upon Townsend Analytics’ ongoing commitment to being the preeminent provider of global, multi-broker, multi-prime, broker-neutral and multi-asset electronic trading solutions. By providing our clients with access to the latest trading technology backed by Townsend’s own highly resilient and redundant global infrastructure for orders and market data, we continue to raise the bar with each subsequent release and empower traders to seek better execution capabilities.

If you have any questions regarding the new RealTick 9.2 functionality, please contact your account manager or subscriber services at subscriberservices@realtick.com. Our Subscriber Services specialists are available to discuss any questions that you may have.

Thank you for your continued support.

Trade-Ideas July Free Trial

7/1/2009 11:17:51 AM

RealTick is happy to announce a partnership with Trade-Ideas, a leading stock scanning service which helps traders discover and verify trading patterns in real-time, using a wide variety of customized parameters and historical data.

At Trade-Ideas, we help you discover and verify trading patterns, using your parameters and our historic data. In real time. It's Like having 1,000 eyes on the market.

Click here for information on the Trade-Ideas FREE Trial.

RealTick Matters Newsletter - June Edition

6/25/2009 11:03:04 AM

Click here to view the June 2009 edition of the RealTick Matters Newsletter.

RealTick Matters Newsletter - March Edition

3/13/2009 6:51:30 PM

We are pleased to announce the the first-ever edition of our new bi-monthly Newsletter, RealTick Matters.

Click here to view RealTick Matters for March 2009

RealTick 9.1 SP1 Now Available

3/13/2009 6:50:41 PM

Townsend Analytics is pleased to announce the release of RealTick 9.1 SP1, which can be downloaded by visiting our Downloads page. Subscribers can view the Release Notes Overview Page by clicking here.

RealTick 9.1 SP1 introduces a wide variety of feature and functionality enhancements which build upon Townsend Analytics’ commitment to being the preeminent provider of global, multi-broker, multi-prime, broker-neutral and multi-asset electronic trading solutions. By providing our customers with access to the latest trading technology backed by Townsend’s own highly resilient and redundant global infrastructure for orders and market data, we continue to raise the bar with each subsequent release.

If you have any questions regarding the new RealTick 9.1 SP1 functionality, please contact your account manager or subscriber services at subscriberservices@taltrade.com. Our Subscriber Services specialists are available to discuss any questions that you may have.

Thank you for your continued support.

RealTick 9.1 Now Available

12/18/2008 10:29:20 AM

Townsend Analytics is pleased to announce the release of RealTick 9.1, which can be downloaded by visiting our Downloads page. Subscribers can view the Release Notes by clicking here.

RealTick 9.1 introduces a wide variety of feature and functionality enhancements which build upon Townsend Analytics’ commitment to being the preeminent provider of global, multi-broker, cross-asset electronic trading solutions. By providing our customers with access to the latest trading technology backed by Townsend’s own highly resilient and redundant global infrastructure for orders and market data, we continue to raise the bar with each subsequent release.

Click here to view the full press release.

If you have any questions regarding the new RealTick 9.1 functionality, please contact your account manager or subscriber services at subscriberservices@taltrade.com. Our Subscriber Services specialists are available to discuss any questions that you may have.

Thank you for your continued support of Townsend Analytics.

Townsend Analytics Integrates with NYSE MatchPoint Dark Block Trading Facility

6/3/2008 5:14:02 PM

Townsend Analytics Integrates with NYSE MatchPoint Dark Block Trading Facility

Users of Townsend’s RealTick execution management system (EMS) can access world’s first portfolio-based, point-in-time electronic exchange facility for leak-proof block trading

Chicago, IL, June 2, 2008— Townsend Analytics (www.townsendanalytics.com), a leading provider of global multi-broker, cross-asset electronic trading solutions, is adding the NYSE MatchPoint network to its extensive choice of destination offerings through Townsend’s RealTick® EMS.

The direct connection enables RealTick’s buy- and sell-side clients to match block and portfolio-based orders anonymously with one of the world’s largest liquidity pools. Traders can execute single block trades or buy and sell within a basket and look for internal matches before that flow interacts with the rest of the liquidity pool.They can also specify minimum-share requirements for stocks and apply net cash constraints to portfolios to manage their risk.

As global markets become increasingly fragmented and visible liquidity shrinks, dark pools are gaining traction among institutions seeking anonymous block-trading opportunities with minimal market impact.According to analysts at the Tabb Group, order flow from crossing networks and dark venues now comprises 15%of buy-side trading flow--an annual rate increase of over 95% from 2004-2007.

A facility of the New York Stock Exchange (NYSE), NYSE MatchPoint is the world’s first centralized, exchange-neutral, non-displayed matching system that trades all securities listed on the major and regional stock exchanges in the U.S.It matches aggregated orders at predetermined sessions throughout regular and after hours of the Exchange.

“RealTick is one of the world’s leading broker-neutral trading platforms, so it’s a great fit for our exchange-neutral trading model,” notes James G. Ross, vice president, NYSE MatchPoint. “We expect RealTick’s considerable user base will contribute a substantial amount of volume--helping MatchPoint deliver our value proposition of deep block liquidity with minimal market impact.”

“Many of our clients are finding it increasingly difficult to locate and quickly extract liquidity anonymously--especially when they are looking to match portfolios,” comments Stuart Breslow, CEO and CIO for Townsend Analytics. “By adding MatchPoint as a direct destination, we’re giving them an excellent opportunity to match and to use RealTick’s superior order execution capabilities to control the trade,” he adds.

Townsend’s RealTick EMS aggregates multiple brokers, destinations and products onto a single-screen format for ease of use and faster electronic order routing.Clients include institutional and proprietary trading desks, hedge funds, CTAs, FCMs, buy-side institutions and professional traders in 94 countries and territories around the world.

About RealTick

RealTick, created by Townsend Analytics, is the electronic trading industry’s premier multi-asset, multi-broker, and multi-route direct-access trading platform. RealTick delivers real-time market data, news and analytics; sophisticated trading tools; unrivaled access to brokers, exchanges and ECNs; and risk management tools to institutions, broker-dealers and individual investors. RealTick’s advanced technical design is supported by state-of-the-art data centers and a redundant network for market data and orders. For more information, visit www.realtick.com.

*RealTick is a registered trademark of Townsend Analytics, Ltd.

About Townsend Analytics

Townsend Analytics has been changing the way the world trades since 1985. The Chicago-based company created many technology innovations that are now considered standards in the financial services industry. These include the first real-time financial software under Microsoft Windows®; the first product to provide real-time streaming data over the Internet; the first integrated solution for NASDAQ trading rooms; and the first Windows-based direct-access trading solution. Townsend Analytics also developed Archipelago and the Archipelago Exchange, the nation’s first all-electronic, fully open exchange. The firm has engineered direct-access solutions for money managers, asset managers, hedge funds and mutual funds worldwide. The firm’s four main lines of business include Trading Services, Content Services, Exchange Services, and Risk Management Services.Townsend Analytics, Ltd. is a wholly owned, independently-operated subsidiary of Lehman Brothers.For more information, visit www.taltrade.com.

About NYSE MatchPoint

NYSE MatchPoint is a portfolio-based, point-in-time electronic exchange facility that matches aggregated orders at predetermined times with no market impact. NYSE MatchPoint is designed to provide the optimal solution for portfolio and single order liquidity discovery by creating a centralized exchange-neutral matching environment. The matching facility is based on a sophisticated algorithmic model that will maximize the NYSE Euronext global infrastructure and liquidity relationships. Complete control of order information and execution remains in the hands of users.

Media Contacts:

Anne Aldrich

for Townsend Analytics

(312) 787-1642

annea1@covad.net

Todd Swearingen

Townsend Analytics

(312) 442-8656

tswearingen@taltrade.com

Scott Peterson

Managing Director, Communications

NYSE Regulation + NYSE Euronext

(212) 656-4089

SPeterson@nyx.com

Exchange data available to RealTick customers effective June 1, 2008.

6/3/2008 5:13:30 PM

June 1 New Content

Townsend Analytics is pleased to announce that the following exchange data will be available to RealTick customers effective June 1, 2008.

ICAP

Captured from more than USD 1.5 trillion in global daily trading activity by the world’s premier interdealer broker, ICAP’s unique market information is the original source of prices across a wide range of asset classes, time zones and instruments.

*Product*	*Region*	*Fee*
Foreign Exchange (FX Spot, Forwards only)	Global	£15
Non-Deliverable Forwards	Asia Pacific	£30
Non-Deliverable Forwards	Europe	£30
FX Currency Options	Global	£60
Money Markets	Asia Pacific	£13
Money Markets	Europe	£10
Money Markets	North America	$20
Interest Rate Options	Europe & North America	£55
Interest Rate Derivatives - IR Swaps & STIRs	Asia Pacific	£40
Interest Rate Derivatives - IR Swaps & STIRs (excl. CMS/CMT)	Europe	£30
Interest Rate Derivatives - IR Swaps & STIRs (excl. CMS/CMT) + IR Options	Europe	£33
Constant Maturity Swaps (CMS)	Europe & North America	£60
Inflation Derivatives	Europe	£50
Interest Rate Swaps & FRAs	North America	$80
Fixed Income - Government Debt Benchmarks (SG, HK)	Asia Pacific	£18
Fixed Income - Eurozone & Gilts - Government Debt	Europe	£15
Fixed Income - Eurobonds	Europe	£30
Mortgages	North America	$60
US Agencies	North America	$60
US Treasuries	North America	$120
Oil	Europe	£55
Electricity (UK and European - 5 min Delay)	Europe	£40
Gas (UK and European - 5 min Delay)	Europe	£40
Coal (UK - 30 min Delay)	Europe	£35
Power	North America	$60
Credit Default Swaps	Global	£50

TSX/CP Equities News

TSX Datalinx and The Canadian Press have joined forces to create TSX/CP Equities News™ - the bilingual news service delivering the most comprehensive coverage on Canadian capital markets. This source for real-time business news combines the market knowledge and experience of TSX with credible reporting from CP, Canada's only national news agency since 1917.

*Product*	*Fee*
TSX/CP Equities News	CA$50.00

Please note that the availability of data (real time and historical) varies per exchange for all exchange data offered by Townsend Analytics.

Subscriber Exchange Fee Modifications

Townsend Analytics professional and non-professional subscribers should please note the following exchange-mandated changes to Townsend Analytics’ subscriber exchange fees that will go into effect on July 1, 2008.

Exchange	Product	New Fee
Warsaw Stock Exchange	Level 1 (Professional)	€30.00
Warsaw Stock Exchange	Level 1 (Non-Professional)	€1.90

Questions

If you have any questions regarding this communication, please contact Trading Service at 1 (888) 533-8742 or +1 (312) 442-8971, Option 1; European Service at +44 (0) 207 786 5080; or, via email at tradingservice@taltrade.com.

Thank you for your continued support of Townsend Analytics.