Pershing Securities Limited has converted their connection to the EMX Message System to FIX.
Prior to this development, Pershing connected to the EMX Message System via the Web Browser. This enhanced connection now enables them to send messages on behalf of other intermediaries for whom they provide clearing and financial services outsourcing solutions.
“A FIX connection fully integrates with the participant’s back office meaning that all trades pass directly through the system from intermediary to provider,” says Tony Wood, Head of Sales and Marketing at EMXCo. “It reduces the need for manual intervention therefore reducing error rates and saving time. We are delighted that Pershing has developed this connection.”