Townsend’s RealTick Execution Management System Connects to Morgan Stanley Electronic Trading for Buyside and Global Execution

    CHICAGO, Aug. 7 /EMWNews/ -- Townsend Analytics

(http://www.townsendanalytics.com), a leading provider of global

multi-broker, cross-asset electronic trading solutions, today announced its

connection to Morgan Stanley's Electronic Trading (MSET) platform. The

arrangement allows clients to access MSET services through Townsend

Analytics' flagship EMS, RealTick(R).



    RealTick users can route Direct Market Access (DMA) orders directly to

MSET, taking advantage of the bulge-bracket broker's formidable market

presence in more than 45 markets around the world. Users also have access

to MSET's suite of algorithmic trading strategies, including its newest

algo, NightOwl(SM), which navigates select dark liquidity pools and quoted

markets to provide access to the most natural liquidity possible.



    RealTick's sophisticated order handling and decision-support tools

allow traders and buyside users to easily employ a wide variety of complex

trading strategies, such as algorithmic trading and basket trading.

Specialty order types including conditional, reserve, discretionary,

pegged, stop and seamlessly integrated worked orders allow users to fully

control and manage their trading, lessen the market impact of a trade and

preserve anonymity.



    "We're working very closely with Morgan Stanley to expand global

electronic offerings within the RealTick EMS platform," explains Thomas

Kim, Managing Director, Global Head of Trading Services for Townsend

Analytics. "The ability to route orders directly from RealTick to such

major market participants gives RealTick users a key advantage when seeking

maximum liquidity and best execution, so we anticipate great demand," he

adds.



    "RealTick is a highly-respected trading platform with advanced

functionality and speed," said Andrew Silverman, Managing Director, Head of

Distribution, Morgan Stanley Electronic Trading. "We are pleased to

establish RealTick as a connectivity partner."



    Morgan Stanley joins Townsend's global multi-broker network, including

BNY ConvergEx, Credit Suisse, HSBC, Instinet, Lehman Brothers, Merrill

Lynch and UBS. Townsend's RealTick platform aggregates multiple brokers,

destinations and products onto a single-screen format. All are accessible

from customizable menus allowing for ease of use and fast electronic order

routing.

    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. For more information, visit http://www.taltrade.com.



    About Morgan Stanley



    Morgan Stanley is a leading global financial services firm providing a

wide range of investment banking, securities, investment management and

wealth management services. The Firm's employees serve clients worldwide

including corporations, governments, institutions and individuals from more

than 600 offices in 33 countries. For further information about Morgan

Stanley, please visit http://www.morganstanley.com.