Source: FIX Flyer
FIX Flyer, a provider of Financial Information Exchange (FIX) technology for electronic trading, announced today that demand for its hosted FIX services called FIXtp is up over 500% in the 2nd quarter. Because of the robust demand for FIXtp, the company is relocating to 40 Worth Street in Manhattan’s Tribeca area to accommodate a significant increase in staff and operations.
FIX Flyer recently changed its name to FIX Flyer from FIXML Flyer to reflect an expanding portfolio of services built for the FIX protocol.
In the announcement, the company said that besides the strong demand for hosted FIX services, more than 250 brokers, exchanges, vendors, hedge funds and proprietary traders have taken advantage of the free FIX engine download which the company offers on its Web site www.fixflyer.com. Traffic at www.fixflyer.com has more than tripled since January.
"Our hosted FIX service is accessible with a browser and eliminates the need for the buy-side to install and operate a FIX engine," said Brian Ross, chief executive officer of FIX Flyer.
"FIXtp allows buy-side traders to convert spreadsheets to FIX and stream FIX to hundreds of counter parties with the push of a button. Now FIX is easy to setup, easy to use and easy to monitor," Ross said.
To develop and launch FIXtp, FIX Flyer teamed up with Transaction Network Services (TNS) of Reston, Virginia. TNS’s Secure Trading Extranet, the premier global network for transportation of the FIX protocol, serves as the host for FIXtp and connects to virtually every major financial institution in the world.