Javelin Technologies has upgraded its trade infrastructure software Appia to include support for the access protocol CMS, enhanced FIX order routing and Nasdaq functionality.
John Coulter, president and COO, Javelin Technologies, says: "With CMS now built into our Appia platform, brokers who desire higher messaging throughput down to the exchange will now be able to do so directly. The flexibility of Appia allows us to easily incorporate additional trading protocols that are integral to STP."
Plug-ins to facilitate FIX-to-FIX routing between disparate networks and support for FIX-based order flow for users of the Brass OMS are also included in the upgrade.
Appia also supports CTCI for the transmission of ACT and Trace messages at Nasdaq, which facilitate automated trade reporting and reconciliation in the OTC market.
In addition, the system offers customised access to Euronext and EMX in Europe, and CME in the US. Through Javelin's parent company Nyfix, users can send messages to a exchanges that use proprietary messaging protocols, including a/c/e, Liffe, TSE, and Tiffe.
Javelin Technologies says 125 investment firms and brokerage houses have installed the system since its launch in April 2001.