FIX CITY Adds FIX Feed Option To Indication Of Interest Product

FIX CITY extended its indication of interest (IOI) distribution product with a feed option that allows buy side firms to receive targeted and filtered IOIs from sell side brokers. The IOIs are then directed into FIX enabled Order Management Systems

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FIX CITY extended its indication of interest (IOI) distribution product with a feed option that allows buy-side firms to receive targeted and filtered IOIs from sell-side brokers. The IOIs are then directed into FIX-enabled Order Management Systems (OMS), providing a view of available liquidity in selected securities.

The IOI FIX feed enhancement connects buy-side firms’ FIX engines to its ioinet repository and refines incoming IOIs from sell-side firms according to the user’s specifications.

Selected IOIs are then routed to buy-side firms’ OMS, enabling dealers to quickly identify the most suitable trading partners.

“ioinet combines industry standards with leading-edge technology to enable firms to streamline the search for liquidity,” said Paul Scott, director of FIX CITY. “Combined with ioinet’s easy-to-use interface, which offers current IOI and historical trade data, the IOI FIX feed capability provides the most effective way to manage IOIs and ensure firms stay ahead in today’s competitive market.”

The IOI FIX feed allows firms with a FIX-enabled OMS to view IOIs against their orders, and raise orders in response to these within the OMS, reducing the risk of manual errors and allowing dealers to run complicated trading models on the back of IOI data.

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