NYFIX Launches NYFIX Ioinet Liquidity Solution

NYFIX, a provider of innovative solutions that optimize trading efficiency, has launched NYFIX ioinet. A liquidity discovery solution, NYFIX ioinet combines the advanced analytic and filtering capabilities of ioinet, acquired along with FIXCITY in April 2008, with global Indications of Interest (IOI) content, contributed by brokers who are part of the 1,000-member strong NYFIX Marketplace community that now includes European financial institutions that were original ioinet clients.

This compelling combination of sophisticated analytic tools and broad global IOI content is coupled with proprietary and 3rd party order management system (OMS) workflow integration to help clients quickly find and capitalize on trading opportunities. NYFIX ioinet's front-end functionality includes in-depth analysis tools that help buy-side traders compare indicated liquidity with actual traded volumes, helping them better gauge with whom to trade and where to locate securities. Advanced filtering capabilities enable the creation of custom watch lists, tickers, and alerts that keep traders informed in real-time on the stocks they are looking to trade. These features are combined with a business model that encourages the targeted distribution of quality, timely, and accurate IOIs. NYFIX ioinet also works to the sell-side's advantage by increasing the chances that their IOIs will be taken seriously and acted upon more regularly.

"In such a fragmented market, any tool that enables a buy-side trader to find liquidity without giving up control or too much information about their order is welcomed," said Laurie J. Berke, senior consultant for the TABB Group, in a press release. She added, "Buy-side traders are looking to take advantage of block opportunities any way they can, and with brokers committing less capital to trading, IOIs become an increasingly valuable tool for sourcing size."

"NYFIX ioinet aggregates liquidity and delivers straight to traders' desktops the real-time information they need to make the best trading decisions. Our plan is to use ioinet as a platform to deliver a steady stream of additional trading information and tools that will make it even easier for clients to find the natural liquidity they are looking for," said Bob Moitoso, global head of the FIX Division at NYFIX, in the release.

Martin Ekers, head of dealing, Northern Trust Global Investments, in London, added, "NYFIX ioinet's dynamic approach to IOIs is refreshing. With its configurable WatchList we can see IOIs on stocks of interest at all times. The solution makes it a lot easier to manage the vast volumes of pre- and post-trade data that we receive."