NetSys Technologies recently announced the FIX Gateway Certification with Schroder Salomon Smith Barney, one of the world’s premier securities and investment banking firms, a unit of Citigroup. The accreditation follows various joint marketing activities that the two firms have conducted in Europe, in order to promote the FIX protocol.
NetSys have already attained FIX Gateway Certification with a number of brokerage institutions in Europe and are currently in the process of arranging endorsements with several other prominent Sell Side firms.
These initiatives have intensified amidst strong interest from Buy Side institutions throughout Europe for the firm’s latest product offering – NetSys TradeStation.This FIX-enabled workstation allows cost-effective connectivity to counterparties across the world, enabling traders to automatically send, receive and track the status of all orders, as well as send and sort Indications of Interest (IOIs).
All interaction with the market is conducted through a single desktop or user-interface.
Dale Stevens, COO of NetSys said: "It is encouraging to see how serious Buy Side firms in Europe are becoming in terms of FIX adoption.
NetSys TradeStation is designed to cater for their needs – cost-effective FIX connectivity, business application and the possibility to integrate with other systems.
Naturally we are keen to complete FIX Gateway Certification with all the major brokers in order to facilitate and accelerate FIX connectivity for these institutions."
Kevin Bourne, head of Electronic Equity Trading at Schroder Salomon Smith Barney, said: "We always welcome adding another vendor to the range we have tested with, as it increases the options for clients to access our electronic trading system. Greater flexibility and liquidity benefits our clients and their customers."