FIX Flyer Meets Demand for Rapid Turnaround and Fast Connectivity
May 20, 2010
New York, New York — FIX Flyer LLC, the leading provider of on-demand trading and network solutions for the wealth management industry, today announces that Matrix Settlement and Clearing Services LLC (Matrix), a Matrix Financial Solutions affiliate company, is live with the Flyer Online trading platform for ETFs. Flyer Online allows Matrix to access Flyer Trading Network™ (FTN), the industry-leading solution for real-time trading of ETFs for retirement plans. Matrix uses Flyer Online and FTN to trade with a leading global market maker of ETFs.
R. Clifton D’Amato, CEO of Matrix commented, “We considered several market leading solutions, but the FIX Flyer offering was the best one for us; the responsiveness and technical depth of their team, and the ability to bring Matrix to the market quickly were major factors in our decision.”
Flyer Online is FIX Flyer’s web-based platform that provides wealth managers with front and back-office trading. Flyer Online automates the entire workflow of trading – submitting orders, staging lists of orders, blocking trades, receiving executions from sponsors, and managing allocations to accounts. The latest version of Flyer Online will be released this week with new features including more integration to portfolio and accounting platforms, and additional trade away functionality.
“We are very pleased that Matrix selected Flyer Online and FTN”, said Brian Ross, Chief Executive Officer of FIX Flyer. “Getting Matrix connected with its trading counterparty in less than twelve days with a full featured and straight forward system provides real value to Matrix and its customers, providing further validation that no one can deliver like we can.”
Matrix is one of over 100 wealth managers, sponsors, and service providers that have joined the Flyer Trading Network, which provides participants with access to real-time trading, portfolio allocations, and custom back-office integrations to the largest and most important sponsors in the wealth management industry. Launched in June 2008, FTN continues to grow faster than any other wealth management community in the industry.
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.