Linedata will integrate ioinet, the liquidity discovery tool of NYSE Technologies, into its trading platform Linedata Trader+.
Ioinet provides aggregation and alert capabilities with seamless integration through the trading workflow. Linedata Trader+ is a trading platform for buy-side traders. Through the partnership, clients of Linedata and NYSE Technologies now can view indications of interest (IOI) orders on a single screen, allowing users to more easily identify trading opportunities.
Linedata Trader+ is also fully integrated with NYSE Technologies Order Routing Service via Linedata Lynx Electronic Trading Service, allowing traders to communicate with a community of more than 650 sell-side firms.
With this unmatched integration of NYSE Technologies ioinet and Market Order Routing available through Linedata Trader+, our clients are able to capitalize on a true state-of-the-art trading platform, says Mike de Verteuil, group business development director at Linedata. Working with NYSE Technologies further displays our commitment to providing clients with the best tools they need and allow them to focus on their core trading business.
Scott Fitzpatrick, vice president of Transaction Services, NYSE Technologies, adds: NYSE Technologies is constantly looking for ways to grow our global community of both buy side and sell side firms; and integrating with Linedatas Trader+ further strengthens our relationship with Linedata and their client base. Our combined offering not only provides our mutual clients with access to the trading community, but it also benefits our clients by providing a more sophisticated outlook on liquidity, which enables the faster execution of trading opportunities in a more informed manner.
(CG)