NEW YORK--(BUSINESS WIRE)--REDI Holdings LLC (“REDI”), the independent, industry-backed provider of the REDIPlus® trade management platform, today announced the addition of Evercore ISI Institutional Equities’ (Evercore ISI) electronic execution platform to the REDI multi-broker network.
“Evercore ISI has long been acclaimed for its sophisticated macro and fundamental investment research, evidenced most recently by the firm’s stellar performance in the 2014 Institutional Investor Equity Research rankings,” said Sean Sullivan, Global Head of Sales & Marketing at REDI. “More recently, however, Evercore ISI has begun receiving similar praise for its algorithmic trading platform. We’re very pleased to further expand our multi-broker network with the addition of such a well-regarded provider.”
Brian Suth, Head of Electronic Trading at Evercore ISI, added: “We’ve been extremely impressed with REDI’s progress since becoming independent last year, and believe the firm is well on its way to delivering on the promise the spinoff provided. REDIPlus is one of the industry’s most widely used trading platforms, and we’re excited to tap into the substantial distribution capabilities it provides.”
Evercore ISI’s electronic execution platform, which complements its traditional high-touch cash and options trading offering, is available for equities trading in the U.S. and includes eight advanced liquidity seeking and benchmark strategies, smart order routing and bespoke development capabilities. The firm joins nearly 125 other broker-dealers globally whose trading suites are available electronically via REDIPlus.
REDI Holdings LLC is an independent, industry-backed financial technology firm. Its global, multi-broker, multi-asset trade management platform, REDIPlus®, supports clients throughout the entire trade lifecycle, enabling them to manage risk and efficiently implement nearly any strategy type, from simple single stock execution to complex multi-legged spreads. Through REDI’s subsidiaries (including REDI Global Technologies LLC, member FINRA, and affiliates outside of the US), REDIPlus users can access nearly 125 execution brokers to route Equities, Futures or Options orders globally, as well as over 20 prime and clearing brokers via the its expanding suite of middle office tools and capabilities. In addition, using REDIPlus’ open platform, broker and vendor partners are able to integrate their applications within the REDI ecosystem and take advantage of the firm’s significant global distribution footprint of more than 5,000 active users.
© 2014 REDI Holdings LLC and its subsidiaries. All rights reserved. REDI is a registered trademark in the United States and other countries throughout the world. Approved for distribution in the United States by REDI Global Technologies LLC, member FINRA. This communication is not intended to be a recommendation, solicitation or offer to buy or sell any financial instrument. Options involve risk and are not suitable for all investors.