NYFIX ioinetâs front-end functionality includes in-depth analysis tools that help buy-side traders compare indicated liquidity with actual traded volumes, helping them better gauge with whom to trade and where to locate securities. Advanced filtering capabilities enable the creation of custom watch lists, tickers, and alerts that keep traders informed in real-time on the stocks they are looking to trade. These unique features are combined with a business model that encourages the targeted distribution of quality, timely, and accurate IOIs. NYFIX ioinet also works to the sell-sideâs advantage by increasing the chances that their IOIs will be taken seriously and acted upon more regularly.
âIn such a fragmented market, any tool that enables a buy-side trader to find liquidity without giving up control or too much information about their order is welcomed,â says Laurie J. Berke, Senior Consultant for the TABB Group. Ms. Berke continued; âBuy-side traders are looking to take advantage of block opportunities any way they can, and with brokers committing less capital to trading, IOIs become an increasingly valuable tool for sourcing size.â
Bob Moitoso, Global Head of the FIX Division at NYFIX, comments: "NYFIX ioinet aggregates liquidity and delivers straight to tradersâ desktops the real-time information they need to make the best trading decisions. Our plan is to use ioinet as a platform to deliver a steady stream of additional trading information and tools that will make it even easier for clients to find the natural liquidity they are looking for.â
Martin Ekers, Head of Dealing, Northern Trust Global Investments in London adds: âNYFIX ioinetâs dynamic approach to IOIs is refreshing. With its configurable WatchList we can see IOIs on stocks of interest at all times. The solution makes it a lot easier to manage the vast volumes of pre- and post-trade data that we receive.â
Paul Scott, Global Head of the IOI business at NYFIX, comments: âAs a founder of FIXCITY, itâs exciting to see ioinet integrated with the NYFIX Marketplace at a time when IOIs are seeing a resurgence as a primary source for liquidity discovery. ioinet has quickly matured into a global platform that helps clients find liquidity while minimizing market impact and information leakage.â