Retail and institutional investors and traders soon will be able to electronically trade fixed-income offerings from the New York Stock Exchange right along with stocks, options, and other asset classes.
The RealTick data, analytics and trading platform (http://www.realtick.com) from Townsend Analytics ((http://www.taltrade.com), will provide users with a single point of entry to NYSE Group's new fixed- income trading platform, NYSE Bonds(SM), as early as December, 2006 (pending SEC approval). Customers will enjoy a new level of transparency, as they'll be able to obtain firm, real-time bid and offers in a given size, and see the last trade displayed. As with RealTick's other global execution offerings, traders also can employ advanced order types such as limit and reserve orders to help manage risk.
Townsend's longstanding history with the NYSE and Arca, and now with NYSE Group, Inc. -- both as a developer of matching technologies and provider of the RealTick platform to access exchange liquidity – enables it to seamlessly deploy the infrastructure and related services to support NYSE Bonds(SM) trading. And as a multi-asset class trading solution, RealTick offers an immediate advantage for traders seeking hedging and arbitrage opportunities: simultaneous trading of equities, futures, options, fixed income and Forex across multiple venues globally using a single platform.
"By making our bonds available electronically through RealTick, we're giving investors and traders seamless access to more opportunities in the markets," states John Holman, Vice President, Fixed Income Markets, NYSE Group, Inc. "Now if you want to trade Ford bonds with Ford equity, you can - all right
"Certainly our long history of innovation and support with Arca and NYSE is one of the reasons why RealTick was chosen as a front end for the NYSE Bonds(SM) platform," comments Townsend Analytics CEO Jeff Wecker. "But there's also the fact that RealTick can easily accommodate additional asset classes and ever-increasing trading volume, as the NYSE Group continues to grow into a global destination for multiple offerings," Wecker adds.
