Proquote launches Global Order Routing Network for retail brokers

  • Network provides clients with the ability to route Direct Market Access (DMA) and Care Orders via global community of sell side brokers
  • Expansion of Proquote’s RSP gateway in Europe and North America
  • Strengthens Proquote’s position as a trading hub

London Stock Exchange Group today announces that their proprietary data and trading provider, Proquote, has launched a global order routing network for retail brokers. The new technology will allow them to route Care Orders and Direct Market Access (DMA) instructions through a community of sell side brokers.

Proquote customers will have the ability to submit orders via their existing electronic FIX interface. Additional functionality for manual dealers to access via a Proquote Trader Desktop will be launched in the coming months. The ability to access global securities through order routing follows the recent expansion of Proquote’s Retail Service Provider (RSP) gateway enabling access to Request For Quote for European and North American cash equities.

David Tibbetts, Head of Proquote at London Stock Exchange, said: “This is a significant development for Proquote. Following the successful expansion of our RSP network into North America and Europe, the ability to offer Direct Market Access through our broker community gives our customers a truly global reach. We look forward to working with them to further enhance our data and trading offering.”

Proquote offers a wide range of market data, trading and risk and compliance services. Through Proquote’s Electronic Execution gateway, over 120 brokers can connect with more than 30 RSPs. Earlier this week Proquote celebrated its tenth anniversary as part of London Stock Exchange Group.

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For further information:

Ed Clark +44 (0)20 7797 1222

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European MTF, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS, as well as access to over 200,000 international equity, bond and alternative asset class indices, through LSEG’s world leading index provider, FTSE.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at: