January 14, 2009
New York, New York — FIX Flyer, the leading innovator in solutions for electronic trading, announces today that FolioDynamix has selected Flyer’s Managed FIXl to service their broker connectivity. FolioDynamix uses FIX Flyer’s expertise to integrate, run, certify, and monitor counterparty connections using standard FIX or proprietary protocols for electronic trading and the transmission of fund allocation instructions.
Since its introduction in December 2006, Managed FIXl has rapidly grown to over 30 broker destinations. The addition of FolioDynamix’s sponsor connections added 5 new end points FolioDynamix, a leading provider of highly scalable fee-based managed accounts technology processing close to 4 million accounts daily, chose Managed FIXl service to best meet the needs of their growing client base and trade volume. FIX Flyer is a leading expert in FIX, helping firms such as FolioDynamix reliably manage their electronic trading infrastructure and operations.
“Managed FIXl lets us pursue straight-through processing with all of our sponsors,” says Joseph Mrak, Chief Executive Officer for FolioDynamix. “Now we can scale our business without training new staff or adding expensive fixed costs, especially headcount. We are excited to leverage FIX Flyers’ capabilities, expertise and experience in building out a trading network to compliment our offerings.
FIX Flyer runs the Managed FIXl services from FolioDynamix’ own secure equipment. FIX Flyer’s operations crew, headquartered in New York’s Fnancial district, provides hands-on support.
“Our Managed FIXl platform enables our clients to focus on their core business while we run their custom trading community for them. The approach ultimately lowers the cost of execution associated with FIX connectivity,” says CEO Brian Ross of FIX Flyer. “In addition, other network connectivity providers, such as traditional FIX hubs, require their clients to give up the identities of their counterparties so they can sell more connectivity,” he adds.
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.