Bon Trade Solutions Forms Joint Technology Venture with TAG

TAG, a pioneering global provider of independent execution quality and transaction cost analysis metrics for the buy-side, sell-side and exchange community, today announced a joint venture with Bon Trade Solutions, a leading provider of risk managed electronic trading solutions and market center connectivity.
The joint venture will provide a full suite of pre and post trade solutions, connectivity and risk management tools and a wide selection of trade analytics measuring order handling, routing and execution quality.
Launched in 2001, Bon Trade Solutions offers low-latency direct market access and execution management system solutions, risk managed FIX connectivity to more than 50 destinations, powerful middleware tools, and sophisticated compliance and surveillance reporting tools. Since its inception in 1996, TAG has developed innovative, powerful and fully customizable execution quality analysis and peer-ranking reporting tools for the world’s leading financial services firms.
“We’re delighted to be working with TAG, the market leader in execution quality analysis, to offer a complete solution for firms trading in today’s market,” said John Paul DeVito, Director of Sales, at Bon Trade Solutions. “Given the coming increased regulatory oversight over how firms interact in the market, our trade execution and surveillance tools are a natural fit for TAG’s best execution and trading compliance analysis reporting solutions.”
Added Roger Post, Executive Vice President at TAG: “We’re happy to have selected Bon Trade, a leading-edge financial technology provider for trading firms, to complement our suite of execution quality analysis solutions. Leveraging partnerships like this one reaffirms our commitment to provide robust analysis solutions as an integrated service for firms leveraging sophisticated technology to execute their orders.”