Electronic Trading Services

Lehman Brothers Electronic Trading Services provides electronic access to markets around the globe as well as develops a wide range of sophisticated products to enhance and analyze electronic trading. Leveraging the Firm's various business and technology resources, the group plays a critical role in delivering industry-leading electronic execution and equity analytics services to our clients. The group develops electronic trading products, and provides global electronic trading support, service and advice.

Electronic Trading Offerings

•	Orders and execution reports
•	Indications of interest
•	Allocations

Through our global electronic services effort, clients can access multiple product areas at Lehman Brothers including:

•	Single-stock trading
•	Program trading
•	Quantitative trading
•	Algorithmic trading
•	Exchange-traded funds
•	U.S. listed options
•	Equity, fixed income, currency and commodity futures
•	Sector swaps
•	Convertible bonds
•	Pre- and post-trade analytics

		Electronic Trading  Product Suite
		•  Lehman Model Execution (LMX®)  •  RealTick®  •  LX  •  Analytics

"Buy siders say Lehman does the best job of combining traditional 'high touch' services with technologically advanced 'low touch' execution tools."

- Institutional Investor

Global Execution
Our clients can access multiple product areas through a single connection to one of our hubs in New York, London and Tokyo. Our routing logic sends orders to the appropriate execution venue and returns trade data in real time for clients located around the world.

Below are the markets where we have the capabilities to route orders electronically:

Australia Austria Belgium Canada Denmark Finland France

Germany Greece Hong Kong Italy Japan Korea

Latin America Netherlands Norway Portugal Singapore South Africa

Spain Sweden Switzerland Taiwan United States United Kingdom

Client Support
Some of our wide range of service choices include:

•	Cash, programs and agency trading
•	Direct Access to major exchanges and ECNs
•	Order and execution reports, indications of interest, and allocations
•	Sophisticated algorithmic execution
•	Customized trading options
•	Comprehensive pre- and post-trade analytics
•	Indications of interest

Benefits:

•	Ensure best execution while fulfilling independent and proprietary research needs
•	Generate commission credit through multiple execution channels — high touch, international, electronic and more
•	Consolidate executing broker list — with cost, efficiency and core competencies as drivers

Contacts
For more information, please send an e-mail to ElectronicSales@lehman.com or contact us at the following numbers:

Americas		Europe and the Middle East		Asia-Pacific
1-212-526-3001		44-20-7103-0013		852-2252-6700