Brief: Brut completes link to Bridge IOE network
09 August 2001 | 3424 views | 0
Alternative trading system, The Brut ECN, has implemented a FIX-enabled link to Bridge's IOE Institutional Order Entry (IOE) network.
Bridge IOE pairs buy-side institutions with the company's Transaction Services' broker network. More than 400 institutions and broker/dealers use the network to execute their trades.
As a result of the Brut link, institutional users of IOE can now gain access to Brut's system and the liquidity it offers in Nasdaq and listed stocks.