Powered by Tervelaâs core message switches, FIX on TMX offers the firm:
â¢ Predictable, market-leading order processing with verifiable service level agreements
â¢ Complete visibility into the entire order flow with full operational performance metrics and
integrated, real-time monitoring on both the messaging and business level
â¢ Comprehensive high-availability and built-in redundancy to ensure non-stop service during increasing periods of market volatility
â¢ Rich capabilities and support for future service offerings without the need for re-architecture
â¢ Compelling reductions in TCO compared with disparate, larger-footprint order processing platforms
âIn todayâs volatile markets, brokerage firms are seeing order flow and liquidity being threatened. As such, they are actively seeking new ways to improve service, increase 'stickiness' and remain competitive,â said Barry Thompson, CTO and Co-Founder, Tervela. âAdding new functionality such as algorithms or more asset classes is much easier on this platform. Our integration with FIX Flyer gives customers built-in redundancy, deterministic order routing latencies and ensured non-stop service without requiring additional infrastructure investment.â
With rules-based logic for trading and back office processing, automated data order processing and high-speed APIs, the integrated platform provides an intelligently architected approach to electronic trading and order routing. Additional capabilities include topic configuration, protocol transformation and normalization and multicast assignment. Traders at the global firm have the ability to safely handle unforeseen spikes in volume during volatile markets and experience increased operational efficiencies from consolidating systems and network connections into a single managed strategy.
âGlobal brokerage firms trade multiple assets across many different geographies, which taxes their trading architectures in very specific ways,â said George Kledaras, Chairman and Co-Founder, FIX Flyer. âFIX on TMX was designed to deal with the demanding performance requirements, heavy dependence on messaging and unique operational challenges they deal with every day. Unlike the legacy, software-based systems that many brokerage firms have, we are working with Tervela to deliver unparalleled speed, continuous stability, enterprise scalability and state of the art monitoring so they can overcome these challenges.â
FIX Flyer is a charter member of the Tervela Advantage Partner Program (TAPP), an ecosystem of integrated partner solutions that extend and amplify the Tervela Message Network to ensure that financial services firms maintain competitive advantage with their high-performance trading infrastructures.