20 October 2017
visit www.response.ncr.com

Macgregor reports sharp increase in FIX use for trading

20 May 2003  |  3421 views  |  0 Macgregor reports sharp increase in FIX use for trading

Boston-based Macgregor, a provider of buy-side order management software, says it certified 162 new broker FIX connections during April 2003 - a 25% increase over previous months.

Macgregor says on average it certified a FIX connection every working hour in April. Ten percent of connections during the month were for non-US trading.

Stephen Alepa, EVP, networks, Macgregor, says a typical client is now connected to 42 of their brokers via FIX and a third of clients (33%) are using FIX to trade outside the US.

"We even have a couple of clients now that are connected to over 100 of their brokers," he adds.

A total of 160 brokers are now certified on the Macgregor FIX Network, including 20 from Europe and seven from Asia Pacific. Eight ECNs and Alternative Trading Systems (ATSs) are also certified and available on the network.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Omgeo in a FIX, says CityIQ; corporate actions coming good

Omgeo in a FIX, says CityIQ; corporate actions coming good

19 May 2003  |  6731 views  |  0 comments
Charles River certifies FIX link with Deutsche Bank

Charles River certifies FIX link with Deutsche Bank

02 April 2003  |  3718 views  |  0 comments
Salomon Smith Barney links to Charles River via FIX

Salomon Smith Barney links to Charles River via FIX

26 March 2003  |  3570 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.vasco.comvisit www.atos.net

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8400 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8212 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7371 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6752 views comments | 10 tweets | 21 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6409 views comments | 14 tweets | 23 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job