Interbizz launches FIX-based multi-asset trading platform
25 March 2002 | 2646 views | 0
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.