Alternative trading system Brut has implemented a FIX link to Eze Castle Software's Traders Console (TC) order management system.
TC users can now access Brut’s Nasdaq securities trading system and participate in the company's sponsorship programme. The programme allows buy-side clients to trade electronically via Brut, repatriate a portion of the commission dollars to a sponsoring broker of their choice, and retain value-added brokerage services.
Brian Hyndman, president of Brut, says: “By linking with Eze Castle’s Traders Console, we are able to provide our customers with both efficient execution and order routing as well as an additional point of access to Brut.”
Brut has also recently partnered with Advent Software, Macgregor, Bridge Trading and FlexTrade.