- LyNX success validates overall Linedata strategy to build services around its core technology platforms
Linedata Services, a global leader in the financial technology market, is pleased to announce the signing of its 1,000 FIX connection to the LyNX trading service. LyNX, Linedata's full service electronic trading package, includes FIX connectivity, broker certification, and support services for equities, fixed income, FX and derivatives trading.
Designed for Linedata's asset management and hedge fund customers, LyNX offers a simplified process to extend the functionality of the LongView Trading and Beauchamp products to meet their customer's electronic trading requirements. LyNX provides seamless connectivity to the sell side through robust partnerships with the top FIX networks, including NYFIX, SAVVIS, and Sungard.
"With LongView LyNX, Linedata built a package of key services that enables us to focus our crucial front office resources on mission-critical projects, expands our ability to offer a fully-redundant trading environment, and allows us to take advantage of state-of-the art FIX capabilities right away," states Adam Stewart, Perimeter Capital Management, LLC."We are pleased to be part of this rapidly expanding service."
"Linedata has compiled a compelling offering for our mutual buy-side clients," commented Steven Papendick, William Blair & Co, LLC. "By combining their robust trading software with the services required to connect their clients to the broker community, LyNX has made it easier to implement electronic trading across the client base."
"Since its deployment in 2005, LyNX has grown exponentially, adding more than 200 trading destinations and 30 buy-side firms," explains Annie Morris, Senior Vice President, Linedata Services, Inc. "Through LyNX, buy-side and sell-side users are able to seamlessly and effortlessly execute multi-asset class trading transactions. The rapid increase in trading volume via FIX validates our strategy of providing the most reliable and efficient electronic trading platform to bring our buy and sell-side clients together. We are thrilled with the recent success of the offering and continue to add more participants from both sides, adding further value to our clients."