Source: Fixcity
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.
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."