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E-Crossnet introduces FIX trading hub

15 June 2004  |  4265 views  |  0

European equity crossing network E-Crossnet has introduced a FIX-enabled program trade automation hub in an effort to simplify access to the venue's liquidity pool.

The new Program Trade Automation System (PTAS) operates as a multi-destination FIX routing hub and File-to-FIX translator, offering support to version 4.4 of the trading protocol. For non-FIX enabled clients, PTAS includes CrossIT, an intuitive trade management interface with FIX translation capabilities.

Alan Dean, chief technology officer at E-Crossnet says PTAS and CrossIT are available free at the point of use to all of E-Crossnet's clients and a number of them have already gone live with the system.

"The ease-of-use, increased speed and efficiency of how trades are entered into and returned from E-Crossnet minimises the time our clients spend out of the market, and maximises the transaction cost savings that crossing delivers," he says.

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