Eden Group connects to Thomson's AutEx FIX network with SolutionForge
25 October 2004 | 1808 views | 0
Source: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC, NYSE: TOC) and leading provider of information and technology solutions to the worldwide financial community, today announced that Eden Group plc, the London Based stockbroker, has signed an agreement with Thomson AutEx, the industry's leading online real time FIX network and SolutionForge, the UK-based provider of financial Straight-Through Processing solutions. The agreement enables Eden to commence electronic trading with clients in response to the growing adoption of OMS amongst the buy side.
"Eden has a reputation for its impeccable service values to clients. In order to enhance this we selected a combination of top class components to deliver superior electronic trading to the business," said David Gasken, Head of Institutional Business Development, Eden Group. "Thomson Financial and SolutionForge worked together seamlessly. The installation and testing was achieved in hours and we started to receive client orders the same day."
The agreement enables Eden to retain its current order management system, which was integrated with FIX Trading Technology from SolutionForge, together with global connectivity from Thomson AutEx. SolutionForge and Thomson Financial have a longstanding working relationship in the UK, which certifies the compatibility of their respective components to ensure the delivery of a scalable, turnkey solutions to the trading community.
Kevin Lee, Director, SolutionForge added: “The combination of our FIX compliant trading solutions and the Thomson AutEx network enables both buy side and sell side to participate in electronic trading with ease. We look forward helping more clients to fully access the opportunities and benefits available from our collaboration.”
"We are pleased that Eden chose Thomson AutEx," said Tony Booth, Director of Connectivity, Thomson Financial. "Our third generation AutEx platform is proving very successful in fulfilling the market need for a fully FIX compliant network hub which is open to any OMS.”
Thomson AutEx is the global industry standard for communicating pre-trade and order execution services between trading partners. Through market leading FIX technology, AutEx links its members to multiple pools of liquidity including global brokers, exchanges, ECNs, and ATSs. AutEx is an integral part of today's dynamic market place. Over 800 of the world's leading brokers and institutions rely on AutEx to access global pools of liquidity.