ATFox rolls out Univits hybrid trading platform
30 January 2003 | 3125 views | 0
Electronic swaps broker ATFox is rolling out a system from Stockholm-based Univits International that enables derivatives, structured products and equities to be transacted on a single platform.
ATFox was created in May 2002 through the merger of London based iFox and Paris based atenX, a subsidiary of the French money broker HPC. The new trading platform will consolidate liquidity from two legacy systems.
Univits previously supplied systems to iFOX and based the new system on its Tellus technology. This supports a hybrid model of trading, enabling the transacting of derivatives and structured products as well as equities.
Jack Parrish, managing director of the brokerage, says: "ATFox has combined the reach of the two leading electronic swaps brokers in the European money market onto a single platform."
He adds that the new functionality will significantly improve ease of access for traders to deal on the platform.