Nyse Technologies expands FIX order routing service

Source: Nyse Technologies

NYSE Technologies, the commercial technology unit of NYSE Euronext, today announced the global expansion of its Capital Markets Community Platform and FIX order routing technology to include regional routing capabilities, enabling local trading within participating regions.

Available now, these enhancements offer NYSE Technologies customers in Europe and Asia the option to trade exclusively within their local markets while having the option to utilize NYSE Technologies extensive global network and trading community on an as needed basis.

An industry first in managed connectivity services, each regional installation is fully operated by NYSE Technologies and connected to its FIX-based global infrastructure, MarketplaceTM. It delivers proven performance with the information security and cost efficiency of a localized solution interacting with the local market participants via a trusted provider in NYSE Technologies. Additionally, should customers want to expand their transaction strategies more broadly, or even globally, they can use the same regional connections to access the NYSE Technologies capital markets community built through its Global Liquidity Centers, SFTI network and accessible via the Capital Markets Community Platform.

"As the first to build and deploy a solution that acts locally but readily extends globally, we can offer customers a centralized, regionally focused service that leverages our global infrastructure to adapt and grow as our client needs require," said Scott Fitzpatrick, Vice President, NYSE Technologies. "We are excited to deliver a service that encourages local trading yet is still flexible enough to accommodate global aspirations at a low cost with nearly immediate turnaround."

With this global expansion and unique regional focus, NYSE Technologies Marketplace is the first FIX-based trading community to offer this flexible order routing functionality. Trusted by more than 1,300 global buy and sell-side firms to handle their electronic trading messaging, Marketplace offers access to a wide range of liquidity sources with lower trading costs and unparalleled speed-to-market with new trading counterparties and services. It is a neutral, flexible and fully-managed electronic trading solution supportepported by the industry's most experienced FIX specialists that offers customers the benefits of FIX order routing, certification, version translation coupled with extensive training and educational programs.

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