LongView LyNX was developed to offer customers a simplified process to extend the functionality of their Order Management System (OMS) and meet their electronic trading requirements. It offers seamless connectivity to the sell side through Linedata Servicesâ fully integrated and supported FIX network, providing the security and speed of a point-to-point network, but with the low maintenance of a hub-and-spoke system. LongView LyNX covers the STP cycle from IOIs to execution to post trade processing for all asset types.
Paul Roberts, Chief Operating Officer, Linedata Services (UK) Ltd., said, "We are constantly looking for ways of offering our customers more efficient processes and LongView LyNX is an excellent instance of this. Giving our customers the opportunity to automate electronic trading for all of their business - equities, FX, fixed income - allows us to offer them an even stronger front-office solution."
As part of LongView Trading, LongView LyNX offers customers considerable reduction in overheads as Linedata Services will be responsible for testing and certifying trading partners, as well as connection maintenance and providing a single point of contact for implementation and support.
Linedata Servicesâ FIX network is powered by Transaction Network Services, Inc. (TNS). TNS was selected by Linedata Services as it is one of the world's leading providers of fast, reliable data communications services for transaction-oriented applications and is recognised as being a premier network for the transportation of the Financial Information eXchange (FIX/FIXML) protocol. Providing connectivity to more than 950 endpoints, TNS is one of the most widely used networks among institutional traders.
Annie Morris, Senior Vice President of Product Strategy and Client Services, Linedata Services Inc., commented, "When putting this package together for our customers, it was very important that we had the right partner backing our FIX network. TNS is well-established in the industry and has been leading the market for over 7 years. A proven provider of fast, reliable data communications services on a global basis, TNS is an excellent partner for us in this part of our business."
"This is an exciting opportunity for TNS to collaborate with Linedata Services and fill an important niche through this new offering to the trading community," said Alan Schwartz, Senior Vice President and General Manager of TNSâ Financial Services Division. "Together, we can boost the speed, convenience and efficiency of the STP process between the OMS Linedata Services buy side and the sell side participants."