FIX Flyer Experiences Increasing Demand for Managed Fix Services

4 August 2008

FIX Flyer, an innovator in trading solutions for institutional markets, announces today the signing of major clients for its Managed FIX Services.

George Kledaras, electronic trading visionary and founder of FIX Flyer proclaims, “this is the leading solution for firms looking for universal connectivity. FIX Flyer administers, implements, supports, certifies, and monitors every aspect of the FIX infrastructure and connectivity for its clients at a fraction of the cost of running this in-house”. Clients enjoy complete, real-time transparency of the status of their FIX connections for trade and allocation processing but maintain control of their own trading relationships and service levels.

FIX Flyer’s latest Managed FIX clients include a high-volume proprietary trader who needs access to algorithmic trading venues; Penson, the major clearing firm using FIX Flyer for drop copy services and post trade management integrated to SunGard Phase3; Placemark Investments, the investment industry’s leading overlay manager with 15,000 accounts, 80,000 sub-accounts, and with FIX connections to nine sponsors; InfoEx, the first information smart router connecting research and market intelligence to real-time trading flow; and FolioDynamix, a highly scalable, fee based accounts platform technology, processing over 3.5 million accounts daily.

All of the clients partnered with FIX Flyer, the leader in Managed FIX Services, in order to stay focused on their core capabilities with continued rapid growth. Clients leverage FIX Flyer’s expertise to quickly launch trading communities or help streamline inefficiencies in existing FIX connections between their counterparties.

“FIX Flyer emphasizes building and managing our connectivity, enabling us to pursue straight-through processing with all of our sponsors,” says Ron Pruitt, Chief Investment Officer for Placemark Investments. “This directly translates into real value for our investors, clients, and sponsor partners.”

FIX Flyer provides the services from either its secure, hosted centers or from its clients’ data centers. Hands-on support is provided by FIX Flyer’s support crew, headquartered in New York’s Tribeca district.

“We are thrilled to provide these services to our fastest growing clients,” says George Kledaras, Chairman of FIX Flyer. “We have directly responded to the market’s growing need to provide for FIX without tears– and being a strategic asset to our clients’ operations.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development