NetSys launches FIX-based workstation

NetSys launches FIX-based workstation

London-based NetSys Technologies, a provider of financial messaging and trading connectivity solutions, has launched a new FIX-based workstation in a bid to bring buy-side institutions closer to 'best price execution.'

The NetSys TradeStation incorporates a single desktop through which traders are able to interact with an unlimited number of counterparties and conduct a full range of activities, from the processing, filtering and sorting of Indications of Interest (IOIs), through to orders, executions and post trade messaging.

Traders can be alerted to specific trading opportunities and can automatically route orders from their desktop. The workstation maintains full details of positions, trades and executions for end-of-day reporting and audit trail purposes.

Dale Stevens, COO of NetSys Technologies claims: "NetSys TradeStation differentiates itself from other FIX solutions through its easy-to-use interface, the ability to integrate with other systems and its extensive range of trading tools."

The launch comes a year after NetSys secured £3.1 million in funding from investors including 3i, Carphone Warehouse and G Partners. In June and July the firm recruited its senior management team, including COO Stevens, who joined from Neon, OpenTrade technologies COO Davide Khalil as chief technical officer, and chairman Robert Jeens, a former group finance director at the Woolwich. Chief executive officer Yann Borgstedt is a former senior investment manager with venture capitalists G Partners.

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