New York-based Pzena Investment Management has gone live with the FIX trading functionality provided by Precision Trading, Indata's trade order management application.
The Indata system provides order generation and allocation, portfolio modelling, pre-trade compliance and electronic trading capabilities through the FIX protocol.
Keith Komar, principal, portfolio administration, Pzena Investment Management, says: "With the addition of FIX, we now have the ability to automate our entire trading cycle from start to finish."
Seperately, online brokerage Scottrade has deployed IBSN's iNtegrate! suite of products and services to provide its clients with FIX and CMS-based connectivity to US market makers and exchanges.
Scottrade is also rolling out IBSN’s iNtelliRoute product, a proprietary rules-based smart order routing engine that allows users to change order routing in real-time based on market conditions.