Busy week for TradingScreen Inc. (TS) as it just informed that it would be expanding its development and technology operations to Montréal as “TradingScreen Electronic Financial Solutions Inc.” (TS Canada).
Just yesterday, the multi-asset class order and execution management system (OEMS) announced the release of QUO, a cloud-based platform for managing investments that is being marketed as a ‘software-as-a-service’ SaaS.
After careful consideration, we selected Montréal for expansion given the breadth and quality of its human capital in the computer software and information systems development area as well as its strategic proximity to TradingScreen’s principal executive offices in New York, in a jurisdiction where the government is committed to attracting and incentivizing technology companies such as ours. We see great opportunities for TradingScreen here,” said Pierre Schroeder, TradingScreen Chief Executive Officer.
In addition to TS’s development teams currently based in New York City, London, and Tokyo, Montréal marks TS’s ninth international office, and in time TS Canada is anticipated to become a key locale for its global development and technology operations.
TradingScreen’s selection of Montréal will generate significant economic benefits for Québec as a whole and for Montréal, including new specialized jobs in a high-tech sector. Our government is making every effort to ensure that the city compares favourably with other global financial technology ecosystems in terms of the quality of its IT and finance workforce. Montréal offers undeniable advantages for this fast-growing company, and TradingScreen’s decision to come here is a winning choice,” commented Chantal Rouleau, Minister of Transport and Minister Responsible for the Metropolis and the Montréal Region.
I’m very proud to hail TradingScreen’s decision to set up shop in Montréal. I would like to emphasize that our metropolis’s strategic positioning in the technology sector is the result of outstanding cooperation between economic development stakeholders, such as Investissement Québec, the Ministère de l’Économie et de l’Innovation and Montréal International,” declared Robert Beaudry, the member of Montréal’s executive committee responsible for economic development and government relations.
We’re delighted to welcome a company like TradingScreen to Québec. TradingScreen is a world leader in the development of financial technologies; it has chosen Montréal because of our sound financial ecosystem and, most of all, the talent and expertise of our human capital. We’re proud to have helped convince this key player to continue its expansion in Québec,” noted Pierre Gabriel Côté, President and CEO of Investissement Québec.
We are pleased to welcome TradingScreen to the region’s thriving and growing financial technology sector. Greater Montréal offers companies and their employees an urban setting where they enjoy a safe, cosmopolitan environment, a strong buying power and an exceptional quality of life. And of course Montréal International will gladly provide its services to support TS in its future development,” stated Hubert Bolduc, President and CEO of Montréal International.