ODL Capital deploys Fixcity ioinet
Fixcity, a global software provider of FIX IOI solutions, today announced that London-based institutional equities house, ODL Capital (ODLC), has gone live with FIXCITY's Indication of Interest (IOI) distribution product, ioinet.
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ioinet enables ODLC to step up its distribution of liquidity in equities and more rapidly secure orders from buy-side firms.
ODLC's IOI messages on available stock can be delivered to buy-side firms using ioinet's customisable web interface, or direct to Order Management Systems and Execution Management Systems, via a FIX feed.
ioinet enables ODLC to strategically target messages, through a wide range of distribution options, and continuously update information, according to its trading objectives.
Andy Rowland, head of ODL Capital, comments: "ioinet offers an innovative tool for communicating with the buy-side. It further enhances our institutional offering and complements our ever growing product suite."
Paul Scott, director, FIXCITY adds: "With the growing number of trading destinations available to the buy-side, locating liquidity has become a complicated process. ioinet allows brokers to quickly and efficiently reach potential trading partners, removing the need to seek out liquidity."