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December 17th 2007 - Townsend Analytics has integrated equity algorithms from Cheuvreux into Townsend's flagship Execution Management System (EMS), RealTick(R). The suite of 11 European-specific trading strategies for equities is the latest addition to the Cheuvreux global electronic execution services available through RealTick since early 2004.

Townsend Analytics Integrates Cheuvreux's Algorithmic Trading Strategies into RealTick(R) EMS


Jerry Lees, Head of Execution Services, Cheuvreux: "Now tour mutual clients can immediately access our full array of advanced equity algorithms to accomplish their trading objectives on orders and transactions with Cheuvreux,"

Cheuvreux executes on 22 European markets across Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, Turkey and the United Kingdom, in addition to the recently launched alternative trading venue Chi-X. Cheuvreux also offers access to 14 North American markets.

"Our mutual clients already use RealTick for its multi-asset class trading facility and direct access to a wide variety of global markets," states Jerry Lees, Head of Execution Services for Cheuvreux. "Now they can immediately access our full array of advanced equity algorithms to accomplish their trading objectives on orders and transactions with Cheuvreux," he adds.

"We are pleased to be expanding upon our long-standing relationship with Cheuvreux," states Rustam Lam, Executive Director, Townsend Analytics. "Integrating their European-specific algorithms into RealTick complements our efforts to seamlessly deliver the best global sources of liquidity and electronic execution within a couple clicks of the mouse," he adds.

Townsend's broker-neutral RealTick platform aggregates multiple brokers, destinations and products onto a single-screen format. All are accessible from customizable menus allowing for ease of use and fast electronic order routing.

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