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



    CHICAGO, Aug. 7 /CNW/ -- 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.




For further information:

For further information: Anne Aldrich, +1-312-787-1642,
annea1@covad.net, for Townsend Analytics; or Todd Swearingen of Townsend
Analytics, +1-312-442-8656, tswearingen@taltrade.com Web Site:
http://www.realtick.com                 http://www.taltrade.com

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