Pure agency-only broker OCM Capital Markets has selected ioinet, FIXCITY’s Indication of Interest (IOI) distribution product, to support its global equities trading desk.
OCM will use ioinet to deliver targeted IOI messages on stocks throughout the world to key buy-side firms, according to the geographies or sectors they are dealing in. OCM’s IOI distribution, via ioinet, will work alongside its proprietary algorithmic trading platform, enabling clients to achieve greater efficiency in trading strategies and secure best execution.
“By taking advantage of ioinet’s capabilities, along with offering the latest in algorithmic trading, OCM ensures its clients achieve best price execution across many order types for both liquid and illiquid stocks,” says Leslie O’Malley, chief executive officer, OCM Capital Markets.