Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
CHICAGO, Nov. 13 /PRNewswire/ -- 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 bids 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 here in one place," he adds.
"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.
About RealTick
RealTick, created by Townsend Analytics, is the electronic trading industry's premier multi-asset, multi-broker, and multi-route direct-access trading platform. RealTick delivers real-time market data, news and analytics; sophisticated trading tools; unrivaled access to brokers, exchanges and ECNs; and risk management tools to institutions, broker-dealers and individual investors. RealTick's advanced technical design is supported by state-of-the-art data centers and a redundant network for market data and orders. For more information, visit http://www.realtick.com/.
* RealTick is a registered trademark of Townsend Analytics, Ltd.
About Townsend Analytics
Townsend Analytics has been changing the way the world trades since 1985. The Chicago-based company created many technology innovations that are now considered standards in the financial services industry. These include the first real-time financial software under Microsoft Windows(R); the first product to provide real-time streaming data over the Internet; the first integrated solution for NASDAQ trading rooms; and the first Windows-based direct-access trading solution. Townsend Analytics also developed Archipelago and the Archipelago Exchange, the nation's first all-electronic, fully open exchange. The firm has engineered direct-access solutions for money managers, asset managers, hedge funds and mutual funds worldwide. The firm's four main lines of business include Trading Services, Content Services, Exchange Services, and Risk Management Services. Townsend Analytics, Ltd. is a wholly owned, independently-operated subsidiary of Lehman Brothers (ticker symbol: LEH). For more information, visit http://www.taltrade.com/.
About The NYSE Group
NYSE Group, Inc. operates two securities exchanges: the New York Stock Exchange (the "NYSE") and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx(R), and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The NYSE is the world's largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies' common stock and other securities. On June 30, 2006, our listed operating companies represent a total global market capitalization of over $22.6 trillion. In the second quarter 2006, on an average trading day, almost 1.8 billion shares, valued at over $68.5 billion, were traded on the NYSE.
NYSE Arca operates the first open, all-electronic stock exchange in the United States and has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca is also an exchange for trading equity options. NYSE Arca's trading platform provides customers with fast electronic execution and open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
For more information on NYSE Group, go to: http://www.nyse.com/. Information contained on our website does not constitute a part of the prospectus relating to the proposed offering.
Townsend Analytics
CONTACT: Mike Felix , Director of Marketing, Townsend Analytics, +1-312-442-8605, mfelix@taltrade.com; Anne Aldrich for Townsend Analytics, +1-312-787-1642, ABM1@covad.net