Since its introduction in December 2006, Managed FIXl has rapidly grown to over 30 broker destinations. The addition of FolioDynamixâs sponsor connections added 5 new end points FolioDynamix, a leading provider of highly scalable fee-based managed accounts technology processing close to 4 million accounts daily, chose Managed FIXl service to best meet the needs of their growing client base and trade volume. FIX Flyer is a leading expert in FIX, helping firms such as FolioDynamix reliably manage their electronic trading infrastructure and operations.
âManaged FIXl lets us pursue straight-through processing with all of our sponsors,â says Joseph Mrak, Chief Executive Officer for FolioDynamix. âNow we can scale our business without training new staff or adding expensive fixed costs, especially headcount. We are excited to leverage FIX Flyersâ capabilities, expertise and experience in building out a trading network to compliment our offerings.
FIX Flyer runs the Managed FIXl services from FolioDynamixâ own secure equipment. FIX Flyerâs operations crew, headquartered in New Yorkâs Fnancial district, provides hands-on support.
âOur Managed FIXl platform enables our clients to focus on their core business while we run their custom trading community for them. The approach ultimately lowers the cost of execution associated with FIX connectivity,â says CEO Brian Ross of FIX Flyer. âIn addition, other network connectivity providers, such as traditional FIX hubs, require their clients to give up the identities of their counterparties so they can sell more connectivity,â he adds.