30 July 2015

E-Crossnet introduces FIX trading hub

15 June 2004  |  4288 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.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

02 March, 2004
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Visa confirms Visa Europe acquisition talk...
9230 views comments | 16 tweets | 23 linkedin
Square reportedly files for IPO
6420 views comments | 16 tweets | 13 linkedin
Banks lag manufacturers and telcos in race...
6342 views comments | 28 tweets | 15 linkedin
Wells Fargo creates innovation group
5894 views comments | 15 tweets | 9 linkedin
BNP Paribas explores the blockchain; SocGe...
5770 views comments | 12 tweets | 15 linkedin

Featured job

£90-110K Basic Circa £200-250K OTE NO CEILING
London

Find your next job