eSpeed introduced the world's first electronic marketplace for global government bonds and other fixed income products in 1999. Today, the eSpeed system is found on the desktops of thousands of fixed income traders around the world. eSpeed's entrance into the equity market will leverage the Company's highly scaleable, built-and-paid-for global network and massive technology infrastructure to offer superior execution and efficient price discovery for institutional equity market participants. The equities product also includes a proprietary millisecond trade and order routing tool developed by eSpeed designed to find hidden liquidity reserves and unpublished quotes for price improvements on all trades.
"eSpeed prides itself on its ability to use innovation and cutting-edge technology to bring improvements and efficiencies to the global capital markets," said Howard Lutnick, Chairman, Chief Executive Officer and President of eSpeed. "We are excited about the tremendous growth opportunity for eSpeed in the equities market, as we look forward to providing equities traders with a superior order routing platform that will provide the type of technological expertise, liquidity, neutrality, and efficiencies that have helped transform the fixed income market over the past four years."
The eSpeed Equities platform is now available to equity market participants globally.
