Source: MIXIT Inc
MIXIT Inc., a leader in advanced trading technology, announced today that it will be ready to connect brokers and their buy- and sell-side clients to NYSE MatchPoint when the new portfolio-based, point-in-time electronic block trade facility launches on January 22, 2008.
NYSE MatchPoint is a facility of the New York Stock Exchange, a subsidiary of NYSE Euronext (NYX).
MIXIT's clients may enter one portfolio of buy and sell/short orders, a single block order or multiple portfolios of buy and sell/short orders. NYSE MatchPoint will trade securities listed on all major and regional U.S. stock exchanges.
"Our customers, who include both buy- and sell-side traders, will find enormous value through this new connection we have established with NYSE MatchPoint," said Walter Fitzgerald, CEO of MIXIT. "MatchPoint will provide an incredible environment for finding natural opaque block liquidity."
James G. Ross, NYSE MatchPoint vice president, said: "MIXIT will perform a very important role in linking NYSE members and their clients to our new centralized, broker-neutral matching environment, where complete control of order information and execution remains in the hands of users."
MIXIT is a leading provider of advanced trading technology and FIX connectivity services to the financial industry. The company's integrated suite of products allows firms to trade and communicate with clients in the most anonymous manner. MIXIT's expertise, advanced technology, neutrality and commitment to the highest levels of service provides the foundation for its customers business to prosper.