InfoReach Introduces Low-Cost, No-Risk Global Trading Platform
"Prelude" EMS eliminates commitment risk for traders; scales license fee for broker sponsorship according to usage
Chicago, IL, June 13, 2011 — Global electronic trading technology provider InfoReach (www.inforeachinc.com) is eliminating the worry, risk and unnecessary costs that can arise when choosing an Execution Management System (EMS) for institutional trading and analysis.
The new InfoReach Prelude is a full-featured, multi-asset EMS that provides an extraordinary value proposition for both traders and brokers:
- Considerably lower pricing than InfoReach's enterprise-strength Trade Management System (TMS)
- Licensing availability on a month-to-month basis--no need to commit to a long-term contract
- Allocation-based pricing for broker sponsorship that scales the monthly license fee across participating brokers according to utilization
- Immediate deployment and hosted service let brokers offer clients a high-performance trading system without the costs of IT development and support
- No-risk sponsorship for brokers with monthly licensing: If their clients don't use Prelude, no fee is charged
Prelude is the hosted, pre-configured version of InfoReach's high-powered, scalable TMS (Trade Management System). Ideal for traders who do not require significant customization to their trading system, Prelude provides the advanced functionality of the TMS, but as a solution fully hosted by InfoReach. Prelude comes loaded with popular execution algorithms and also provides access to over 500 algorithms of nearly 40 global brokers.
“Many participants in the global capital markets are constrained by budgetary concerns, yet they still need sophisticated trading and analysis tools if they're going to stay competitive and achieve best execution,” explains InfoReach CEO Allen Zaydlin. “Prelude is the answer for traders and brokers alike who want to reduce trading system costs without sacrificing capabilities or performance,” he adds.
InfoReach will demonstrate Prelude and its other “Bulletproof” trading technology at the SIFMA Annual Financial Services Technology Expo at the New York Hilton, Tuesday, June 14 - Thursday, June 16, 2011, Booth # 1748.
Comprehensive, out-of-the-box functionality, rapid implementation, proven reliability and a client-centric culture have made InfoReach the trading technology provider of choice for financial institutions around the world since 1995.
Trade-ready for both buy- and sell-sides, the InfoReach Trade Management System (TMS) consolidates pre/in/post trade analysis, pre-built and broker-provided algorithms, real-time, interactive charts and position monitoring, portfolio trading capabilities, order management and FIX connectivity in a multi-broker execution management system. An optional HiFREQ component supports low-latency, high-throughput trading across multiple asset classes.
The InfoReach FIX Network (IFN) provides connectivity to more than 140 brokers, ECNs, exchanges and other global sources of liquidity for equities, options, futures and forex. With ready access to hundreds of algorithms as well as DMA and execution services from the world's leading brokers, traders can boost execution efficiency and performance.
Other solutions include the InfoReach FIX Engine and the new Brokereach EMS/OMS Back-up service.
InfoReach is a privately-held company headquartered in Chicago, with offices in New York and the Netherlands. For more information, visit www.inforeachinc.com