InfoReach Adds Over a Dozen New FIX Connections in Asia and Europe

2 December 2008

InfoReach, a leading provider of execution management service technology announced today that it has had added over a dozen new independent brokers in to its FIX network in Asia and Europe.

“We are very excited to grow our IFN (the InfoReach FIX Network) so rapidly because every new broker we add to our network increases our efficiency in providing our customers with world-wide reach said Daniel Cook, manager of InfoReach’s FIX Connectivity. “Since October 1st, 15 independent brokers have signed on alone which brings the total number of international brokers up to 86. This is a strong indication that despite a tough market our products remain well respected and are in demand within the industry.”

“The InfoReach IFN is a relatively new undertaking for our firm” said Allen Zaydlin, CEO of InfoReach. “It was launched just short of two years ago and it’s been growing at an average rate of 5 new brokers, exchanges or ECN’s per month which can be attributed to the proficiency of both the team handling the IFN and the technology InfoReach has built to manage the connectivity.”

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