17 October 2017

FIX City partners with SimCorp to integrate IOIs with trading platform

20 June 2006  |  1862 views  |  0 Source: FIX City

FIX CITY, a global software provider of FIX Indication of Interest (IOI) solutions, has today announced its partnership with investment and treasury management systems provider SimCorp, to provide an integrated IOI distribution and trading solution via FIX CITY’s ioinet solution and the SimCorp Dimension asset management system. The integrated solution will provide SimCorp’s buy-side clients with instant and seamless access to liquidity in securities, directly from their order blotters, significantly speeding up the trading process.

ioinet will be integrated with the trading function of SimCorp Dimension during Q3 2006. The integrated solution will streamline the delivery and management of IOI messages and trade advertisements, providing an up-to-date view of liquidity in the stocks within ioinet and allowing SimCorp’s buy-side clients to work straight from their order blotters. SimCorp Dimension will use ioinet’s web services API to identify stocks on selected orders within the trader’s blotter.

SimCorp’s buy-side clients using ioinet will also be proactively notified about new liquidity on stocks of interest via ioinet’s watchlist facility, enabling them to respond to specific IOI messages immediately. In addition to IOI messages, firms will also have access to historical trade advertisements from ioinet’s sell-side community, revealing the brokers that are active in the stocks for which they have orders.

Paul Scott, director, FIX CITY, comments: "SimCorp’s innovative use of modern technology means that SimCorp Dimension provides a perfect fit for ioinet. The integrated IOI distribution and trading solution provides even greater levels of functionality to SimCorp’s buy-side clients. The partnership further cements ioinet’s position as the primary source of liquidity for dealers and provides a greater number of destinations for ioinet’s sell-side community."

Keith Wright, senior domain manager, SimCorp, comments: "We chose FIX CITY’s ioinet solution as it is easy to integrate and enables our clients to access liquidity in the timeliest manner. This enables them to react faster to trading opportunities from ioinet’s growing community of brokers. Using the blotter as a source of screening allows our clients to focus on the IOIs that are of most interest, ensuring the maximum number of successful orders."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.com visit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14538 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13128 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
9005 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7985 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7658 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job