Buyside traders who use EZE Software’s RealTick execution management system for order routing now have a new destination to choose to send their orders.
PDQ ATS is now available via RealTick EMS.
PDQ now has access to more than 3,000 buy-side and sell-side RealTick users across 50 countries, many who trade using multiple asset classes including advanced program and list trades.
PDQ is also currently available as a trading destination on Eze Software’s order management system.
“Connecting with RealTick EMS continues PDQ’s strong start in 2015,” said Keith Ross, PDQ’s chief executive officer. “We are excited to provide the platform’s large, international client base with the improved trading efficiencies afforded by our unique trading solutions.”
Eze Software Group’s EMS features patented neutral account staging for multi-broker trading.
PDQ offers traders on-demand auctions for each trade. The ATS aggregates liquidity in response to each order, consolidating contra liquidity during a pause of up to 20 milliseconds in the MicroAuction option, and up to one full second in the Auction1 model. During these pauses, liquidity providers respond to each order with their best available markets, thus aggregating liquidity for each trade, limiting volatility and creating competition among all the market.
