LocateStock's Matador real-time stock locate platform is now available through ConvergEx Group's Eze order management system (OMS).
In addition to Eze's redesigned and enhanced Eze Locate short locate product, the Matador integration will give Eze users means for short selling by offering instant point-and-click access to LocateStock's $50 billion pool of available securities.
In a company statement, John Dolan, director in Advanced Program Management at ConvergEx's Eze Castle Software, said, "In a time of increased fragmentation, institutional traders need every tool available to access hard-to-borrow stocks. By adding the power of Matador to Eze Locate, clients have additional ways to source hard-to-borrow liquidity, while saving valuable time that might be lost from a lengthy call to a trade desk." Added John Tabacco, founder of LocateStock, "We are proud to introduce our market-leading trading solution that gives Eze users added ways to trade immediately on news and market movements. This integration is a natural complement to the new streamlined functionalities of Eze Locate and further eliminates manual operational demands that traditionally have added friction and slowed the short selling order flow process."