BondVision adopts FIX standards with Javelin and IT Software

BondVision adopts FIX standards with Javelin and IT Software

European trading platform BondVision has signed an agreement with Javelin Technologies and Italian integration firm IT Software to develop and implement a FIX engine for its clients.

Adoption of the front office trading protocol will be achieved through the use of Javelin's FIX software Appia, which will connect to BondVision's central engine via a soft adapter provided by IT Software.

Lorenzo Pelizzola, market director, BondVision, says: "The implementation of the FIX engine represents a key element in the straight-through-processing strategy we want to deliver to our client base."

The first block of functions will allow participants to feed trade allocations to sub accounts, upload records of executed trades into portfolio management systems and feed orders to the market via FIX protocols. The new features are expected to be available by the third quarter this year.

Paul Kelly, European director, Javelin Technologies, says: "By teaming up with BondVision and IT Software, we feel we have successfully completed some very important initiatives to help move the protocol forward in Europe and expand usage of FIX globally."

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