The integrated solution delivers IOIs directly into Portwareâs EMS and buy-side clientsâ order blotters through a dedicated FIX session. This integration enables users to access liquidity, secure best price and quickly convert IOIs into orders.
Stuart Adams, Head of European Operations, Portware, comments: âioinet offers a comprehensive source of broker IOIs and Trade Adverts coupled with innovative functionality. The combined solution gives our buy-side clients access to streamlined pre-trade information and the ability to seamlessly convert IOIs into orders from their order blotter and improve the efficiency of the trading process.â
Buy-side firms are also able to access ioinet via its web-enabled Application Program Interface (API) directly from the Portware Order Blotter, giving them access to the centralised historical information and indications of liquidity outside of the stocks they have orders for. Dealers can rapidly navigate large volumes of global IOIs through ioinetâs sophisticated user interface. ioinetâs WatchList facility allows users to specify which stocks are of interest and proactively notifies them of IOIs on selected stocks, eliminating the need for manual searches. The WatchList can also be used as a filter, vastly reducing the amount of data transmitted to the trading platform.
Paul Scott, Director, FIX CITY, comments: âPortware is proactively driving the execution management space forward. Together, with ioinet, we have developed an all-round solution to enable buy-side clients to effectively manage IOIs. With hundreds of thousands of IOIs being delivered to dealers on a daily basis, the ability to focus on those that are most likely to result in orders adds significant value to the trading process.â