Linedata teams with Wave for FIX connectivity to ArcaEx
26 January 2004 | 627 views | 0
Linedata Services, a leading technology solutions provider serving global asset managers, announced today its partnership with Wave Securities, an introducing broker owned by Archipelago Holdings, to offer a FIX interface between Linedata Services' LongView Trading System and RealTick®.
An electronic interface provides LongView Trading customers with real-time FIX connectivity to the Archipelago Exchange (ArcaEx) by staging orders for delivery to ArcaEx on RealTick.
The seamless interface provides LongView Trading users with direct access to ArcaEx's traditional and sophisticated order types. Through the use of the simple 'drag and drop' feature within LongView Trading, joint customers can easily route orders and executions between the systems, without the need for re-keying.
"By offering access to liquidity sources such as the Archipelago Exchange, we are making 'best execution' a reality for our customers" said Annie Morris, senior vice president, Linedata Services. "This strategic partnership with Wave Securities is evidence of our commitment to offer unparalleled access to liquidity. We continue to expand our list of partners and strategic relationships to ensure best execution across all asset-classes."
"We are delighted to partner with LongView Trading to offer our mutual clients a solution that helps save time, reduce errors, and provides a gateway to the liquidity available on ArcaEx. The efficiencies and power of Linedata Services' order management system coupled with the ability to easily route both simple and sophisticated orders to ArcaEx will provide a valuable service to buy-side traders," said Joseph Lombard, president of Wave Securities.