S3 Matching Technologies to Deliver Sub-Second Market Depth Analysis and Options Reporting for Scottrade New Services Are Most Advanced Technology in Data Management
2008-04-03 03:00:00
S3 Matching Technologies to Deliver Sub-Second Market Depth Analysis and Options Reporting for Scottrade
New Services Are Most Advanced Technology in Data Management
AUSTIN, TX–( EMWNews – April 3, 2008) – The financial services unit of S3 Matching
Technologies has concluded a deal to deliver advanced equity and options
reporting and analysis for Scottrade, the leading branch-supported online
investment firm. Scottrade will use a number of customized tools and
reports powered by S3’s patented TeraMatch® technology.
“Scottrade provides our customers with a quality trading experience every
time they place a trade,” says Matt Billings, Director of Trading Services
for Scottrade. “S3’s reporting capabilities and their understanding of the
markets will augment Scottrade’s ability to provide our customers with
execution services they can rely on.”
The S3 technology evaluates the best price for an equity or option almost
as quickly as a trade is executed, and it uses market depth, not just NBBO,
to analyze best execution. The information, acquired on a sub-second basis
with millisecond support, provides for a detailed and timely understanding
of trade performance, order flow and price improvements. The flexibility
of S3’s technology allows for customized solutions that facilitate
execution quality enhancements for S3’s clients using proprietary data
quality management tools.
“With S3’s reporting and analytics, Scottrade will be able to intimately
examine all order flow and market data, including depth, and acquire the
information needed to evaluate the quality of their customers’ executions,”
says Rod Taylor, Vice President of Financial Services for S3.
S3’s portfolio of services includes a future offering of real-time options
and equities reporting for Scottrade.
About S3 Matching Technologies (www.S3.com)
S3 is an Austin, Texas based company focused on providing data quality
management software for the IT, telecom, financial services, and healthcare
industries. S3 invented TeraMatch®, the first ever hybrid algorithmic and
rules-based matching engine. S3’s software is deployed as managed
services.
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions