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Directories


Euroclear is the world’s largest provider of domestic and cross-border settlement and related services for bond, equity, derivatives and fund transactions. User owned and user governed, the Euroclear group includes Euroclear Bank, based in Brussels, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. Euroclear also owns Xtrakter, operator of the TRAX trade matching and reporting system.


Euroclear services the post-trade needs of clients based in more than 90 countries, covering more than 600,000 different securities. It is a market leader in triparty collateral management, managing more than EUR 500 billion of collateral transactions per day. The Euroclear group settled the equivalent of more than EUR 580 trillion in securities transactions in 2011, representing 163 million domestic and cross-border transactions, and held more than EUR 22 trillion in assets for clients. Euroclear Bank is rated AA+ by Fitch Ratings and AA by Standard & Poor’s.


For additional information, please visit our website or email us at webinfo@euroclear.com.


www.euroclear.com


Based in Milan, EuroTLX is the leading European MTF for the e-trading of fi xed income securities in retail-size/odd- lots and of structured and investment products: more than 4,500 securities are listed on EuroTLX, mainly govies (including also supranational and emerging markets), and credit bonds (corporate, fi nancial, etc.), plus a selection of equities and certifi cates.


The YTD daily average is of 14,500 trades for a


turnover of EUR 400 million. The market microstructure is mixed, order and quote-


driven. Liquidity is guaranteed by the presence of at least one market maker during the trading hours from 9 am to 6 pm for each fi nancial instrument. As of September 2012, Liquidity Providers are 20, such as Banca Akros, Banca IMI, Banca Sella, BNL- BNP Paribas Group, Deutsche Bank, Exane Derivatives, UniCredit, Macquarie, Mediobanca, Method Investments, Morgan Stanley and MPS Capital Services. EuroTLX also provides services that support fi nancial institutions in adapting to the requirements imposed by MiFID II. EuroTLX SIM S.p.A. Via Cavriana 20, 20134 Milan, Italy Tel: +39 02 3030 141; marketing@eurotlx.com www.eurotlx.com


Founded in 1996, FlexTrade is the industry pioneer and global leader in broker-neutral execution and order management systems for equities, foreign exchange and listed derivatives. With offi ces in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 175 buy- and sell-side fi rms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. FlexTRADER, our fully customisable EMS, comes with pre-defi ned trading strategies and


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tactics for portfolio and single stock trading. The platform provides organically developed real-time and post-trade analytics as well as risk and cost optimised portfolio trade scheduling and predictive analytics; advanced integrations with major OMSs; integrated real-time allocations and cash management; smart order routing; a sophisticated Dark Pool Router; a fully integrated high performance Complex Event Processing (CEP) engine; commission management; complete transaction and IOI quality management; and a dynamic strategy matrix.


Americas: 1-516-627-8993; sales@fl extrade.com EMEA: +44 (0) 207-929-2332; sales_eu@fl extrade.com Asia: +65 6829 2569; sales_asia@fl extrade.com www.fl extrade.com


Best Execution | Autumn 2012


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