Indata, a leading industry provider of SaaS (Software as a Service) for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office today announced an agreement with Fox River Execution, a leading broker/dealer that provides unique algorithmic trading and execution solutions.
The agreement with Fox River Execution provides INDATA Precision Trading users access to the industry's top-rated algorithms. The addition of Fox River's algos serve as another innovative option for INDATA's buy-side clients to actively handle today's challenging trading environment.
"We understand the importance of providing a range of connections for our clients to access information to trade and execute their business," said David J. Csiki, managing director of INDATA. "Fox River is an innovator in the industry and we are pleased to add the firm to our algorithmic trading and liquidity partners."
Fox River's award-wining execution platform combines mathematical models with intelligent trader logic with the goal of achieving best execution and price. The trading technology empowers traders to calibrate the optimal balance between performance, variance, immediate execution and price improvement.
"We are pleased to provide INDATA Precision Trading users with access to our execution solutions," said Ronald Santella, CEO of Fox River Execution. "By working together, INDATA is able to supply its clients with cutting-edge algorithmic trading products that help achieve best execution."