Linedata completes FIX certification for LongView

Source: Linedata Services

Linedata Services, a leading provider of software and services to the global financial services marketplace, today announced that they have completed FIX certification to support electronic trading and allocation interfaces between LongView Trading and FIX destinations for equities, fixed income, options, futures, and foreign exchange.

Since 1996, Linedata has been a leader in electronic trading via FIX by facilitating integration to brokers, consolidators, DMAs and other market vendors, including ECNs and ATSs. Responding to the growing trend toward electronic trading across all asset types, Linedata has expanded its traditional maintenance and support of standard FIX interfaces for LongView Trading clients by completing certification to support the full breadth of trading instruments.

"Providing LongView Trading clients with electronic interfaces that support all asset types helps our clients eliminate existing manual processes and achieve greater straight through processing," explains Gregg Drumma, Director of STP Development at Linedata Services, Inc. "Using LongView Trading's certified FIX interfaces; asset managers have total flexibility in managing different order types electronically. Through the use of the standard FIX protocol, clients are able to manage and execute all trading instruments within their blotter to any FIX certified execution venue."

"Supporting all asset types via FIX saves time and reduces errors for our clients," comments Annie Morris, senior vice president at Linedata Services, Inc. "Since many of our clients trade derivatives we felt it important to provide them with an electronic solution to simplify this previously manual process. We are pleased to offer those clients and others this complete solution as part of their LongView Trading experience."

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