London (July 5, 2005) â BT Radianz, the leading global provider of financial connectivity services, and Winterflood, a leading market maker for London Stock Exchange (LSE) traded securities, today announced that Winterflood has expanded its relationship with BT Radianz and will utilize the shared infrastructure to access its growing international customer base as well as make available its Winner trade execution tool to the 10,000 financial services sites available on the BT Radianz network. Winterflood uses BT Radianz to connect to customers communicating via the FIX protocol.
Winner is one of the principal systems for volume trading in the UK. Winterflood has recently built upon the productâs success by enhancing its functionality to handle institutional order types. Now, any size trade sent via a FIX connection to Winterflood either will execute immediately at the LSE touch price or better, or be forwarded to its sales traders to be handled as a care order. The updated Winner FIX engine is a cost effective execution solution for institutions seeking an increased level of automation.
Mike Hines, CEO of Winterflood, said:
"Several of our customers currently use BT Radianz for fast access to the destinations they need to reach, and as a result of customer demand, we have expanded our relationship with BT Radianz. A resilient connection to BT Radianz will assist in the distribution of our highly successful Winner trading tool. Moreover, by consolidating our connectivity into one-to-many configurations, it means we will be able to reach our counterparties more efficiently and roll out our international expansion plans in less time."
Chris Church, EVP, strategic client development at BT Radianz, said:
"Winterflood brings a distinctive value proposition to the institutions looking to automate the trading process, and we are delighted to add them to the list of Providers using BT Radianz to distribute their services to customers. Moreover, when we added Winterflood to our client roster in March of 2004 they represented a major milestone for BT Radianz - the 1,000th unique client site to leverage BT Radianz to communicate via the FIX protocol. A year later, Winterfloodâs use of BT Radianz to access its growing international client base is indicative of BT Radianzâs value as a truly global shared market infrastructure platform."