Financial Fusion's Tradeforce GlobalFIX connects to Euronext

Financial Fusion's Tradeforce GlobalFIX connects to Euronext

Financial Fusion has configured its TradeForce GlobalFIX software to offer connections to the Euronext exchange.

The extension is available as part of the vendor's TradeForce Suite and allows brokers and dealers to send and receive orders and confirmations of executions in real-time using the Euronext version of the FIX protocol.

Financial Fusion says the software's dedicated Euronext/FIX gateway and adapters for the Swift, GSTP and Omgeo protocols will enable brokers to move to STP by providing electronic trading without the costs and risks associated with re-engineering systems.

Richard Moore, president and COO, Financial Fusion, says the ability to continually streamline trading processes and use electronic channels will become more important as European markets consolidate.

"This latest solution from Financial Fusion will allow brokers to exchange information with Euronext in real-time eliminating bottlenecks and manual processing, whilst reducing operational risk and enabling brokers to process larger trading volumes," adds Moore.

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