FutureTrade and The Williams Capital Group, L.P. Announce Electronic Partnership
New York, NY and Lake Forest, CA - May 9, 2006 |
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The Williams
Capital Group, L.P. (“Williams Capital”), a leading
minority-owned institutional brokerage firm providing full
service execution to institutions, hedge funds and corporations
and FutureTrade, a leading provider of electronic equity,
option and algorithmic trading execution services, today announced
an agreement whereby Williams Capital’s clients will
use the FutureTrade electronic trading platform for self-directed
direct market access and algorithmic execution and FutureTrade’s
clients will have direct electronic access to Williams Capital’s
equity desk. Under the terms of the private label agreement,
Williams Capital will market the latest FutureTrade offering,
Version 3.3, which features advanced algorithms, transaction
cost analysis, commission management and integration with
all of the major buy-side Order Management Systems.
Through the FutureTrade platform, Williams Capital’s
users can execute single stock and list trades through their
choice of electronic execution venue or through a suite of
algorithms including VWAP, implementation shortfall and BLOCK.
Users can utilize the order management capabilities of the
platform to facilitate internal communication between traders,
implement and track orders, view portfolio values and P/L
in real-time and allocate executions or integrate with their
chosen OMS. Execution quality can be measured using the integrated
transaction cost analysis capabilities.
"We are very pleased to offer our clients the host of trade
execution and liquidity enhancements provided by the FutureTrade
platform,” said Christopher J. Williams, Chairman and
CEO of The Williams Capital Group. “The equity market's
increased use of technology based trading applications makes
FutureTrade an excellent partner as Williams Capital seeks to
enhance the service that we provide to our institutional relationships.".
Beginning immediately, Williams Capital’s users can
benefit from the latest features available through FutureTrade's
platform which have been designed to further enhance the ease
and functionality of the platform while enabling integrated
multi-security trading of equities. Recent upgrades include
support for list trading, order staging and symbol-based order
preferences in equities as well as integrated independent
transaction cost and commission analysis.
"We are excited to be adding another well regarded institutional
brokerage to our list of LiquidityPATH partners and enabling
our clients to select Williams Capital as a trading destination
and enabling Williams Capital’s clients to more efficiently
access the electronic markets as part of their relationship
with Williams Capital. As changes to the US market-structure
accelerate, electronic trading and analysis tools become essential
services required by institutional traders and offered as
part of their relationship with their brokerage partners.
"
Williams Capital Group, L.P.
The Williams Capital Group, L.P.'s domestic trading desk provides our clients with full service execution
for all listed and over-the-counter stocks. We have a diverse client base, from small institutional and hedge
fund managers to multi-billion dollar mutual funds, insurance companies and public and private pension funds.
Our traders have participated in the stock buy back programs of many top Fortune 500 companies. Williams Capital's
domestic trading team averages 15 years of trading experience, led by the head of domestic trading who has 22 years
of trade execution experience. Our seasoned trading staff quickly deciphers market information and advises clients
regarding best execution strategies. Our traders provide clients with proprietary research generated by our analytical
staff. The domestic trading staff has access to a network of two dollar brokers that enables our team to provide clients
with up to the minute information direct from the exchange floor. Our state of the art trading technology allows us to
execute orders of varying sizes, from single stock orders to large program trades, and also provides a direct electronic
link between our trading desk and the trading desks of our clients.
Contact Information:
DiAnne Calabrisotto
COO
Telephone: (212) 830-4559
Email: calabrisotto@willcap.comm
About FutureTrade
FutureTrade provides buy-side traders with a fully integrated
direct access trading platform for equities and options. Through
one platform, traders access liquidity on all major exchanges,
ECNs, ATSs, Market Makers, DOT and all major US Options Exchanges.
Users enter orders, get instantaneous executions, track multiple
portfolios, access market data efficiently, and see advanced
analytics -- all from a single integrated workstation. FutureTrade
facilitates real-time reporting of trade data making it an
ideal front-end to straight-through processing for buy-side
traders. Market conditions and system performance may delay
system access, real-time data and trade execution. Transactions
executed through FutureTrade Securities, a wholly owned subsidiary
of FutureTrade Technologies. Securities offered through FutureTrade
Securities, LLC. Member of NASD and SIPC. For more information,
please visit www.futuretrade.com.
Contact Information:
Jim Kwiatkowski
EVP Sales and Marketing
(212) 230-2501
Email: jimk@futuretrade.com
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