19 August 2017
Find out more

Interbizz launches FIX-based multi-asset trading platform

25 March 2002  |  2523 views  |  0 cd

London-based Interbizz has launched a new electronic FIX-based dealing solution, TMora (Trade Management and Order Routing Automation), an asset-independent solution for brokers and dealers designed to facilitate programme and basket and single order trading for retail and institutional clients.

TMora, which supports the latest 4.3 version of FIX, will enable banks to integrate disparate electronic trading solutions across equities and bonds, and create baskets that integrate cash, futures and equities, says the company. STP (straight-through processing) levels are increased due to the addition of electronic Indications of Interest (IOIs) and allocations in the early stages of the order.

Elizabeth Sipiere, CEO, Interbizz, comments: "TMora extends Interbizz’s traditional work in the equities and exchange traded derivatives area by providing support for fixed income and full order management and order routing functionality. TMora enables rapid addition of new execution venues and clients (retail or institutional) and their order flow into a broker’s system either via FIX or Web interfacing.”

TMora has been installed at an unnamed major global bank for order routing of European programme trading.

Founded in 1995, Interbizz is headquartered in London, with research and development based in Umeå, Northern Sweden.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Trema eyes order management with Settlement HUB

Trema eyes order management with Settlement HUB

20 March 2002  |  2598 views  |  0 comments
SS&C Technologies upgrades Antares trade order management suite

SS&C Technologies upgrades Antares trade order management suite

13 February 2002  |  2615 views  |  0 comments
Mellon Capital implements Macgregor order management system

Mellon Capital implements Macgregor order management system

24 January 2002  |  2899 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8286 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7518 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6590 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6197 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6055 views comments | 11 tweets | 9 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job