Thomson Financial has entered into an agreement with BNY Brokerage Inc. to integrate its Direct Execution Services (DEx) equity trading platform with Thomson AutEx.
Powered by the BNY Brokerage SonicSuite of services, DEx will provide Thomson AutEx clients with direct electronic access to all electronic markets and the opportunity to direct order flow straight from their order management system. Through this FIX connection, clients will receive intelligent order routing and direct connectivity to all major pools of liquidity, including Nasdaq, listed exchanges, ECNs and ATSs.
The Thomson AutEx network handles nearly one million indications daily, enabling more than 300 global brokers to advertise inventory to more than 500 institutions. Access to the network is via an efficient, single connection that supports all FIX messaging, including indications of interest, advertised trades, order routing and allocations, to the global trading community.