Linedata integrates with Nyse Technologies
Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that it will integrate ioinet™, the liquidity discovery tool of NYSE Technologies, the commercial technology division of NYSE Euronext, into its trading platform Linedata Trader.
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NYSE Technologies ioinet™ is a sophisticated liquidity analysis and discovery tool which provides aggregation and alert capabilities with seamless integration through the trading workflow.
Linedata Trader allows buy-side traders to experience intuitive workflows with its new and advanced trading platform. Offering a flexible workspace, reliable pre-trade compliance checks, execution management functionality and integrated workflow, Linedata Trader provides an immersive user experience.
Through this collaboration, clients of Linedata and NYSE Technologies can efficiently and seamlessly view Indications of Interest (IOI) orders on a single screen, which is configured for individual users. By Linedata Trader offering the buy-side the only integrated IOI service through this execution management platform, users are able to increase their ability to identify trading opportunities and make more informed trading decisions. Linedata Trader+ is also fully integrated with NYSE Technologies Order Routing Service via Linedata Lynx Electronic Trading Service. This allows traders to communicate with a community of over 650 sell side firms, thus providing a truly global trading order routing service.
Linedata focuses on integrating with various partners to offer clients world class solutions to fit their business needs. The aim of the Linedata and NYSE Technologies relationship is to offer powerful analytics and customized perspectives for clients to gain real time access to liquidity opportunities.
"With this unmatched integration of NYSE Technologies' ioinet™ and Market Order Routing available through Linedata Trader, our clients are able to capitalize on a true state-of-the-art trading platform," said Mike de Verteuil, Group Business Development Director at Linedata. "Working with NYSE Technologies further displays our commitment to providing clients with the best tools they need and allow them to focus on their core trading business."
"NYSE Technologies is consttantly looking for ways to grow our global community of both buy side and sell side firms; and integrating with Linedata's Trader further strengthens our relationship with Linedata and their client base," said Scott Fitzpatrick, Vice President of Transaction Services, NYSE Technologies. "Our combined offering not only provides our mutual clients with access to the trading community, but it also benefits our clients by providing a more sophisticated outlook on liquidity, which enables the faster execution of trading opportunities in a more informed manner."