167 0 Kommentare tZERO Broker-Dealer Subsidiary SpeedRoute Reports Record Monthly Trading Volume for U.S. Equity Markets

tZERO, the global leader in blockchain innovation for capital markets, announced today that its broker-dealer subsidiary, SpeedRoute, which is a leader in U.S. equity order routing and market structure, reported its strongest month in the history of the company. The total monthly trading volume for March 2020 was nearly three times that of March 2019, and this resulted in a 218% increase in revenues compared to the prior period. Despite this significant increase in volume, SpeedRoute’s system had 100% system uptime.

SpeedRoute President Alex Vlastakis stated, “With the markets in flux, now is the time where robustness of technology becomes a true competitive differentiator. Our top priority continues to be to provide broker-dealers with the ability to navigate the U.S. equity markets, both intelligently and cost-effectively. We are thankful for the confidence that our clients have placed in us and for our SpeedRoute team in ensuring that our products and services remain fully functional.”

tZERO CEO Saum Noursalehi shared, “SpeedRoute handled trading billions of shares in March, significantly exceeding every volume target to date. The company’s impressive performance showcases the scalability of its technology, which is also leveraged by the tZERO ATS for the trading of digital securities.”

Launched in 2010, SpeedRoute provides market access and smart order routing services for U.S. equities to broker-dealer clients. SpeedRoute’s affiliate broker-dealer, tZERO ATS, manages an alternative trading system that trades digital securities.

tZERO is a technology firm that was founded with the goal of utilizing distributed ledger and smart contract technology to revolutionize Wall Street so that it is more efficient, accessible and transparent. tZERO is a keiretsu company of Medici Ventures, the blockchain subsidiary of Overstock.com, Inc. (NASDAQ:OSTK).

Investor Notices

Investors should note that trading securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in single security could mean lack of diversification and, consequently, higher risk.