thinkorswim Launches Microsoft.net Platform

First Published Friday, 11 January 2008 from Automated Trader : Algorithmic Trading News

thinkorswim has announced that it has implemented a new upgrade utilizing Microsoft.net for its thinklink OMS. Additionally, thinkorswim recently added TouchPoint Securities, an agency only broker dealer, as a client utilizing the thinklink OMS platform.

"We continue to achieve strong validation of our superior technology, client service and experience within the growing equities and options marketplace," said Tom Sosnoff, President of thinkorswim. "Adding partners and clients like TouchPoint keep us at the top of our game in developing trading innovative solutions and ways to help them expand their business. They understand the need to be cutting-edge and provide strong client service."

thinkorswim's thinklink product, which services sell side desks, will enable TouchPoint™ Securities to receive electronic order flow from buy-side customers and route the orders to various liquidity points. Added Robert C. Smith, CEO of TouchPoint™ Securities, Inc., "What appealed most to us about thinklink is the functionality of their platform and their high touch service. The platform is user friendly yet sophisticated and its interface shows all of our orders in one central location by both individual and branch office. thinklink provides us with a cost effective order management solution that allows us to trade equity and equity derivatives for our clients globally."

Since the third quarter of 2007, thinkorswim has also formed joint relationships with Credit Suisse (AES) and NorthPoint Trading Partners, LLC as well as ongoing relationships with major clearing firms. thinkorswim's institutional products, thinkpipes and thinklink, remain broker and clearing firm neutral, non-conflicted and anonymous. thinklink now has connectivity to four of the leading algorithmic providers and offers the institutional sell side community customizable trade management, order routing, a paperless trading environment, end-of-day processing, rule-based trading, customized reporting, real-time data feeds and market connectivity. thinkpipes offers both buy side and sell side firms a state-of-the-art execution system with advanced options capabilities.

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