Algorithmic Trading news articles - Fix City launches IOI FIX feed
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Fix City launches IOI FIX feed
FIX CITY today extended ioinet, its Indication of Interest (IOI) distribution product, with the launch of its IOI FIX feed. The IOI FIX feed enables buy-side firms to receive targeted and filtered IOIs from sell-side brokers, directly into their FIX-enabled Order Management Systems (OMS), transforming IOI distribution and providing a focused view of available liquidity in selected securities, for increased competitive advantage.
This latest enhancement to ioinet comes in response to demand for increased levels of automation as buy-side dealers seek to meet the ongoing challenges of the ever-growing volumes of broker information.
The IOI FIX feed enhancement connects buy-side firms? FIX engines to the ioinet repository, and refines incoming IOIs from sell-side firms according to the user?s specifications. Selected IOIs are then routed to buy-side firms? OMS, enabling dealers to quickly identify the most suitable trading partners and swiftly capitalise on market opportunities. ioinet?s dedicated FIX session frees up existing FIX connectivity for trading, significantly speeding up the trading process.
Paul Scott, Director, FIX CITY, comments: ?ioinet allows firms to streamline the search for liquidity. Combined with ioinet?s interface, which offers current IOI and historical trade data, the IOI FIX feed capability provides an effective way to manage IOIs and stay ahead in today?s competitive market.? click here to return to the top of the page
