Midwoodâs clients will now have enhanced capability through AFA's Integrated Order Processing (IOPâ¢). Midwood will now deploy AFAâs IMPACT Proâ¢ solution to seamlessly and electronically trade from execution through settlement on a best-of-breed platform.
Said Ed March, President and Chief Operating Officer of Midwood Securities: âWe have committed to our clients that we will provide superior execution and that we will do so in a technologically advanced environment. Our agreement with AFA is a significant complement to our ongoing efforts to meet that commitment on both counts. Using AFA, we now will evolve our already robust capability to process trades from inception through completion in an even more advanced electronic environment. This will reduce transaction costs and improve processing efficiency for our clients.â
Commented Pat Lynch, AFA Chief Executive Officer: âWe are pleased that Midwood has selected AFA. AFAâs platform is increasingly accepted by the industry as the internet-based, cost-effective alternative to legacy technologies. We offer partnerships and solutions that are truly independent of any interests other than those of our clients and their end-users.â