Nyfix (Nasdaq:NYFX), a trusted provider of innovative solutions that optimize trading efficiency, today announced that its unique liquidity discovery tool, Nyfix ioinet, will be integrated on FactSet Research System (NYSE:FDS) real-time news and quotes platform, Marquee, to provide clients with a consolidated real-time view of their portfolio and trading analytics.
The inclusion of NYFIX ioinet on FactSet will enable users to get to market sooner with their investment decisions and overcome the challenges of finding block liquidity in a highly fragmented market.
Kirk Allen, Head Trader, NWQ Investment Management Co., comments: "We have been looking for ways to streamline our workflow and are excited that we can now leverage the capabilities of NYFIX's liquidity discovery tools from inside FactSet. It's an advantage to be able to research and implement our strategies from a single platform."
NYFIX ioinet includes advanced filtering and alerting capabilities that keep traders informed in real-time of trading opportunities on the stocks they are looking to trade. In-depth analysis tools that compare indicated liquidity with actual traded volumes, and a business model that encourages the targeted distribution of quality, timely, and accurate IOIs, give traders the information they need to execute their trades in a timely and efficient manner while minimizing information leakage and market impact.
Goran Skoko, FactSet's Director of Development for Research and Market Data, added: "We are pleased to work with NYFIX, a firm with a proven track record and history of innovation in the electronic trading space. By integrating NYFIX ioinet on FactSet we continue to provide our clients with workflow efficiencies to streamline their investment operations."
Paul Scott, Global Head of the IOI business at NYFIX, commented: "We are thrilled to have the opportunity to partner with a leading player in the research and analytics space and provide FactSet clients with the real-time liquidity information they need to make the best trading decisions. Combining FactSet's leading portfolio analytics with our electronic trading tools will give clients a competitive advantage by enabling them to quickly and efficiently research and implement their investment and trading strategies. FactSet's creative use of technology and unwavering commitment to client service also make them an ideal partner for NYFIX."