June 9, 2008
New York, New York — FIX Flyer, a leader in trading solutions for institutional markets announces today that it is live with eleven new wealth management clients using their new Flyer Trading Network and applications.
Orders are entered into FIX Flyer’s web based blotter and network and then processed electronically by the sponsor. Additionally, orders can be imported into the network using Flyers’ tools, acting as a universal adapter to any sponsor back office. FIX Flyer translates and integrates into custom or standard formats used by the brokers for both orders and allocations. FIX Flyer leverages the internet and financial extranets to get the trades to and from the sponsor.
“FIX Flyer realizes the dream for a true web experience — simple, elegant and fits right into my world. We can reach our sponsors in a highly automated way giving us the confidence to deliver unprecedented portfolio management capabilities to our clients, FIX Flyer opens the door to an alternative sophisticated order routing system. It’s a perfect fit for managers who feel they are handcuffed to the demands and costs of larger FIX networks, ” said Kin Ng, head trader at Atalanta Sosnoff Capital., LLC .
Flyer created the open and fully hosted platform so that clients such as Cambridge Financial, Cascade Investment Counsel and CCM Investment Advisors can realize the full promise of automated electronic trading for wealth managers of all types without getting locked into another rigid OMS with network.
“We are very excited to deliver a unified and integrated platform to our growing list of clients,” says Brian Ross, CEO of FIX Flyer. “Giving the buy side new ways to get integrated quickly gives the sponsor more flexibility in their business and is ultimately great for the investor.”
About FIX Flyer
FIX Flyer develops and operates advanced technology for managing complex, multi–asset, institutional securities trading using highly scalable software and network technologies.
Since 2005, as an agile technology provider, we have partnered with our 170+ clients worldwide, including UBS, Barclays, TD Ameritrade, Fidelity, Berenberg, Unicredit, GBM, Interacciones, Bank of America Merrill Lynch, Goldman Sachs, and more to build high quality, feature-rich software.
Flyer has built a team of operational experts who manage and provide Managed FIX software-as-a-service. Our subject matter experts create and operate FIX servers for you to realize the full potential of our software to deliver the highest level of service and return on investment.
The FIX Flyer Engine is the first FIX server designed to manage high volume, ultra low latency trading networks and ECNs, easily scaling to thousands of connections.
FIX Flyer also provides the Daytona trade surveillance monitor, the F1 Risk Control Gateway, the Ignition regression test and certification tool; the Flyer Online hosted Order Management System, and the Flyer Trading Network.
FIX Flyer has headquarters in New York City with offices in Boston and Hyderabad India.