BCS Americas (BCSA) has launched a new trading platform for institutional investors with access to global equity execution and settlement capabilities and a suite of algorithmic trading tools.
The American trading desk of BCS Global Markets was launched in 2016 to unlock Russian markets for US investors. BCSA is a registered member firm of the New York Stock Exchange (NYSE) as a trading floor broker since 2018 and is focused on expanding the international trading presence of its parent company. The new equity trading platform is the first in a range of plans for 2019.
Gary Esayian, Chief Executive Officer of BCS Americas, commented: “US investors have and continue to invest in the Russian market and so we provide that access in a superior manner. Additionally, we offer access to the US market for equity investors located in Russia and elsewhere in the most sophisticated manner. This is in large part what is driving our growth and is a fundamental aspect of the BCS Americas strategy since our 2016 launch.
The division is run by experienced traders with expertise in algorithmic trading and aggregating liquidity across multiple execution venues. The Algo Suite includes a robust pairs trading offering and BCS America’s SOR capabilities for the US cover the 13 lit and all 44 dark markets. The US SOR can be implemented in consultation with a client’s desk to focus on factors such as liquidity, 3rd party costs and the market impact of an order utilizing Pre and Post Transaction Cost Analysis (TCA).
BCS Americas has been gathering a client base of investors and broker-dealers as market participants look to access Russian securities and capital markets. The company states that it intends to use the new equities trading platform in order to establish non-Russian focused relationships with major international clients.
Michael DeNardo, Head of Trading, BCS Americas, said: “We have built up a reputation not just from our knowledge of the Russian markets but for our Emerging/and Developed markets trading capabilities. The new platform has leveraged our experience in trading the global equities markets to create a one-stop trading destination for institutions of all sizes.”
The BCSA trading platform leverages the firm’s expertise in global markets, including US and Russian equities as well as Developed and Emerging market equities, ETFs and derivatives.
Bradley Duke, Head of Markets at BCS GM, added: “Being able to offer global execution to our institutional clients along with the value-added of an experienced and technical trading desk is an important step for BCS in fulfilling our strategic vision of serving our clients’ needs across international markets. We are proud of what BCS Americas has already achieved in such a short period of time.”