BNY Brokerage Provides Algorithms Via Bloomberg
BNY Brokerage has integrated its algorithmic trading tools with the Bloomberg Professional service, BNY Brokerage announced. The integration allows Bloomberg users to access BNY Brokerage's proprietary algorithmic strategies directly through Bloomberg's Execution Management System (EMS) and control the individual parameters of each algorithm, according to a release.
FutureTrade Partners With QSG for TCA
FutureTrade partnered with Quantitative Services Group (QSG) to provide independent transaction cost analysis (TCA). Under terms of the agreement, FutureTrade, an independent provider of equity and option execution services, will deliver TCA based upon the QSG T-Cost Pro product as an integrated part of the FutureTrade platform, according to a release.
Susquehanna Taps Lava to Offer DMA and Algorithmic Services
Susquehanna Financial Group teamed with Lava Trading to sponsor direct market access order flow by sublicensing Lava's technology through Lava's Sponsored Broker Program. "Participating in Lava's Sponsored Program allows us to provide our DMA and algorithmic services via an easy-to-use and well-established application that has wide appeal among many types of trading customers," noted David Margulies, head of program and algorithmic sales at Susquehanna, in a release.