The UNX Order Gateway enables UNX clients to trade efficiently and transparently across different protocols while leveraging the companyâs advanced market structure trading features, including MetaBookâ¢, MetaECNâ¢, FLEXStreamâ¢, and intelligent STORM sweeping algorithms, for liquidity discovery and bid-side execution.
The UNX Order Gateway translates all incoming trade and outgoing post-trade reporting messages into protocols selected by UNX clients, including FIX, CTCI, OUCH, CMS, among other standard and proprietary formats. Combined with UNXâs Web Services API, the Order Gateway supports multiple order management systems and quantitative rules-based trading systems used by institutional investors.
"UNXâs aggressive client integration efforts are part of our ongoing commitment to provide buy-side traders with effective tools to leverage their trading capabilities in a fragmented market," said UNX CEO Randy Abernethy. "With the Order Gateway, our clients can trade across numerous protocols and formats seamlessly and transparently without obstacles, giving them wide trading reach in an STP environment."
Because of UNXâs in-depth experience with numerous trading protocols and the technologies used for their translation and routing, the UNX Integration Team can minimize the complexity clients face relative to connectivity, development, testing, and certification.
Many UNX clients have integrated the UNX trading platform into their infrastructure using various protocols and formats, and with various trade order management systems, including CheckFree APL, INDATA I.M.S., Financial Models Companyâs FMCTrade, MacGregorâs MFTP and Predator, NYFIXâs FixTrader, SEIâs MarketLink Brokerage Services Platform, and Thomson Financialâs ATR and TradeRoute networks.