November 19, 2008
New York, New York — FIX Flyer, an innovator in solutions for electronic trading, announces today that NorthPoint Trading Partners has selected FIX Flyer’s Financial Trading Network (FTN) platform for integration and connectivity to algorithmic trading destinations. NorthPoint, a premier multi-prime brokerage and fund services company, places a high value on Flyer’s innovative approach combining the trading application and network into one single solution and from one vendor.
“The Hedge Funds and Professional Traders that we service need the very best in connectivity”, says Doug Nelson, CEO of NorthPoint Trading Partners and industry veteran. “The addition of FIX Flyer has added greater flexibility to our industry leading platform. Together, we deliver an extremely responsive experience for our clients.”
“We are delighted that NorthPoint understands that the marketplace has changed forever and securities firms of all sizes must provide more options for their automated trading clients,” notes Brian Ross, CEO of FIX Flyer and industry pioneer. “The best way to protect clients from expensive networks that are in the business of selling your connection over and over again is to take control by owning your community. FIX Flyer’s business is to empower the broker to own their network.”
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 to competitors. Ultimately, this minimizes the client’s chances for lowest execution costs associated with connectivity and ticket charges incurred with multiple brokers.
NorthPoint and FIX Flyer client Larry Christy of Trendvest Founders LP, a Virginia Beach hedge fund agrees, “We have never found any other way to handle our automated trading programs as effectively, and the quality of support we receive is superb. NorthPoint and FIX Flyer gives us the speed, reliability, and integration to let us compete with firms much larger than ours.”
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.