Scotland's Britannic Asset Management is using Thomson Financial's AutEx network to provide executing traders with FIX connectivity to its Linedata-supplied LongView order management system.
Linedata Services announced in March that it had linked its LongView system to the AutEx FIX network. Using a single connection and the FIX protocol, AutEx integrates indications of interest (IOI), advertised trades (AT), order routing and allocation messaging.
Betsy Anderson, head of dealing, Britannic, says AutEx was already integrated with both Longview and the firm's existing broker execution systems.
"We were up and running immediately and able to manage a large proportion of our business electronically very quickly," she says.
Thomson says its AutEx service handles nearly one million indications daily, allowing more than 300 brokers to advertise inventory to more than 500 institutions. The service also enables buy or sell-side traders to recap and review a stock's latest indications including supers, trades, bid and ask prices, and other details.