Direct Access Vendors: An Overview

July 30, 2002

Abstract

Boston, MA, USA July 30, 2002

Celent Communications profiles the top providers of direct access technology to retail and institutional firms. Strong growth in direct access volumes and spending is expected. In a new report, entitled , Celent examines the direct access marketplace by profiling the major vendors of technology and discussing major trends likely to influence these providers in the future. This report follows an earlier market overview in May, 2002, "Direct Access Expands Its Reach."Table 1: Direct Access Firms Profiled

Firm

Product Name

CyberTrader (Charles Schwab) CyberTrader Pro
FlexTrade FlexTRADER
Interactive Brokers Trader Workstation
ITG QuantEX
Lava Trading Lava ColorBook/Trading Floor
ProTrader (Instinet) gr8trade/Infocenter
Spear, Leeds, Kellogg REDIProducts
Tradecast (Ameritrade) Tradecast Elite/Ameritrade Pro
UNX Universal Brokerage
Source: Celent Communications

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

Boston, MA, USA July 30, 2002

Direct Access Vendors:  An Overview

Return to report Abstract

 

EXECUTIVE SUMMARY 3
INTRODUCTION 5
MARKET CONSOLIDATION 7
MAJOR PLAYERS 10
VENDOR PROFILES 11
  CyberTrader 12
  FlexTrade Systems 14
  Interactive Brokers 15
  ITG 16
  Lava Trading 17
  ProTrader 18
  Spear, Leeds, Kellogg 19
  Tradecast 20
  UNX 21
ADDITIONAL DIRECT ACCESS FIRMS 23
CONCLUSIONS 24

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