Radianz today announced its global financial extranet, RadianzNet, will be used by F&C Management Ltd. (formerly Foreign & Colonial) for routing orders that utilize the Financial Information Exchange (FIX) messaging standard to brokers worldwide.
RadianzNet is an open Internet Protocol-based platform for trading and other financial e-commerce that can handle a variety of message formats. Radianz’s rFIX feature enables the use of FIX messaging between counter parties.
Salomon Smith Barney, UBS Warburg, Merrill Lynch, CSFB, Dresdner Kleinwort Wasserstein, Deutsche Bank, and others will be among the first firms to trade with F&C via RadianzNet.
Alan Line, who serves as F&C’s director of dealing, selected RadianzNet. “Radianz understands our business and has an extranet with the market reach that can bring together trading partners in a quick, smooth and cost-effective manner,” Line said. “We also believe Radianz has the commitment and vision to become the dominant FIX network solution for the global equity community,” Line added.
Chris Church, executive vice president and head of Global Sales for Radianz said, “RadianzNet was selected to help bring FIX to F&C’s trading room because it is the trusted network for the world’s e-finance community. This is an important contract win because it further increases the number of firms in the equity community that will use our extranet to transact with one another.”