E-Crossnet introduces FIX trading hub
15 June 2004 | 4736 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.