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All Press Releases for May 15, 2003 Subscribe to this News Feed      
 

Elite Technology Partners announces reseller agreement with Blackwood.

Under the agreement, Elite will sell Blackwoods turnkey trading systems.

Elite Technology Partners and Blackwood Inc. are announcing a partnership program. The program will accelerate the pace buy-side and sell-side financial firms adopt direct access technology. The offering also fills important technology gaps in Elite Technology Partners current product and service offerings.

Blackwood technology consolidates fragmentation within the U.S. equities market. To achieve this Blackwood has developed unbiased, electronic direct access trading technology coupled with proprietary smart order routing among multiple liquidity sources including ECNs, Nasdaq market makers, NYSE and regional exchanges.

Blackwood's software allows Traders to see all sources of liquidity seamlessly unified within a single application. This combined with our intelligent order types enables Traders to more efficiently execute larger orders by sending multiple small orders to all sources of liquidity, simultaneously by a single keystroke.

Elites technology is targeted at quantitative traders using mathematical models in their strategies. Elites solutions are highly customized, requiring software engineering that remains proprietary with Elites customers. The Blackwood solution allows Elite to offer their clients a turnkey system that can be implemented very quickly.

Institutions that choose to use both Elite and Blackwood technology can take advantage of the synergies between the systems. As an example, a trader at a portfolio desk can manage his baskets with Blackwood List Trader, but use the Elite Blackbox server to execute his proprietary VWAP strategy. This combination of software is unique and powerful.

For more information contact info@etpnet.com or call Elite Technology Partners at 848.459.2130.

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CONTACT INFORMATION
William Mccann
Elite Technology Partners
732.316.9305 x130
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