Barratt & Cooke, an independent stockbroker, has chosen LSE’s Proquote gateway to work in conjunction with Investmaster’s order management and routing system, InVantage Trader to enhance markets in financial instruments directive best execution compliance.
The InVantage Trader browser-based module provides automation and efficiency gains by streamlining multi-channel and multi-market transactions. It also provides full ‘straight through processing’ (STP), with no need for re-keying, resulting in a reduction of errors and the creation of an integrated front and back office.
Peter Little, chief executive of Investmaster said: Customers like Barratt & Cooke are welcoming the flexibility that our solutions offer. Trader connects to the majority of available RSP gateways in the UK, making it ideal for companies assessing their Markets in Financial Instruments Directive (MiFID) compliance issues. We aim to make sure that our customers are getting value for money and are able to concentrate on customer service with minimum disruption to their systems and processes.
Martin Warren, director, Barratt & Cooke said: Having worked with Investmaster for over a decade we have come to expect their solutions to consistently pre-empt market demands. The addition of Proquote in particular, will grant us access to a significantly large number of RSPs, and working in conjunction with Trader, will give us a cost effective and efficient order management system as well as higher matching rates.