Lehman Brothers, the global investment bank, has acquired Townsend Analytics, a software development and global service provider, in a bid to enhance its electronic trading capabilities.
Lehman Brothers’ acquisition of Townsend Analytics will facilitate the firm in its efforts to provide leading-edge execution management systems (EMS) to its institutional clients.
Lehman Brothers says the success of Townsend Analytics and its marquee product, RealTick, has been predicated on its ability to provide a global, multi-broker, multiasset, clientfacing trading platform. Lehaman Brother’s sees its acquisition of Townsend as an extension of its commitment to preserving broker neutrality.
Jeffrey Wecker, managing director and global head of electronic client services said, Townsend Analytics provides Lehman Brothers with the highest quality and most extensive multi-broker, multi-asset class execution management technology available from one vendor today. The RealTick platform includes many services that will enhance the execution experience for our institutional, hedge fund, investment advisor, primebroker and clearing services clients.