FIX Flyer, an innovator in solutions for electronic trading, announces today that NorthPoint Trading Partners has selected FIX Flyer’s Financial Trading Network (FTN) platform for integration and connectivity to algorithmic trading destinations. NorthPoint, a premier multi-prime brokerage and fund services company, places a high value on Flyer’s innovative approach combining the trading application and network into one single solution and from one vendor.
“The Hedge Funds and Professional Traders that we service need the very best in connectivity”, says Doug Nelson, CEO of NorthPoint Trading Partners and industry veteran. “The addition of FIX Flyer has added greater flexibility to our industry leading platform. Together, we deliver an extremely responsive experience for our clients.”
“We are delighted that NorthPoint understands that the marketplace has changed forever and securities firms of all sizes must provide more options for their automated trading clients,” notes Brian Ross, CEO of FIX Flyer and industry pioneer. “The best way to protect clients from expensive networks that are in the business of selling your connection over and over again is to take control by owning your community. FIX Flyer’s business is to empower the broker to own their network.”
Other network connectivity providers, such as traditional FIX hubs, require their clients to give up the identities of their counterparties so they can sell more connectivity to competitors. Ultimately, this minimizes the client’s chances for lowest execution costs associated with connectivity and ticket charges incurred with multiple brokers.
NorthPoint and FIX Flyer client Larry Christy of Trendvest Founders LP, a Virginia Beach hedge fund agrees, “We have never found any other way to handle our automated trading programs as effectively, and the quality of support we receive is superb. NorthPoint and FIX Flyer gives us the speed, reliability, and integration to let us compete with firms much larger than ours.”