Provides Clients with Proven Speed and Reliability for Smart Order Routing.
April 26, 2011
New York, New York — FIX Flyer, a world leader in trading infrastructure solutions, announces today that S3, a leader in smart order routing technologies and reporting for options trading uses Flyer’s Engine, Daytona Monitor and Ignition Testing software tools to provide clients with unprecedented reliability and speed. In addition all of the tools are completely supported using the Managed FIX service.
These technologies, as part of the S3 smart order routing platform, enable retail and institutional broker dealers to access multiple United States options market destinations through a single high performance FIX connection to find the absolute best trade execution.
FIX Flyer provides first line of FIX support, monitors performance, and certifies the connectivity to counterparties using the Managed FIX service. The S3 servers are located in New Jersey and FIX Flyer supports the platform remotely using secure VPNs. This approach lets S3 commit further to their core order routing systems, leveraging FIX Flyer’s expertise, reducing risk, and getting the service live quickly.
Mark Davies, CEO of S3 said, “Our goal with S3’s Smart Order Routing technology is to enable the best trading experience in the increasingly fragmented market. FIX Flyer’s Engine, monitoring and testing technologies, and Managed FIX service, combined with S3’s superior routing algorithms, have resulted in a highly integrated solution that will bring a fantastic experience to options traders all over the world.”
Brian Ross, CEO of FIX Flyer, said, “The growth of efficient and automated trading is driving demand for innovative, high performance, efficient trading services. Our low latency and highly reliable FIX Engine deliver to these needs and help to significantly enrich the trading experience. The introduction of S3’s trading service incorporating our low latency FIX Engine technologies and Managed FIX service signifies the beginning of a new class of smart order routing. FIX Flyer looks forward to its continued collaboration with leading industry players to provide products and technologies that help enable ever more dynamic trading experiences.”
About FIX Flyer
With clients worldwide, including UBS, Barclays, Larrain Vial, GBM, Bank of America Merrill Lynch, Goldman Sachs, and JP Morgan, FIX Flyer develops advanced technology for managing complex, multi-asset, securities trading using highly scalable software and network technologies. FIX Flyer provides the high performance F1 Risk Gateway; Exchange Adapters; Managed FIX services; the Daytona trade surveillance; the Ignition regression test tool and the Flyer Online OMS. The Flyer Engine is the first FIX server designed to manage high volume, ultra low latency trading networks and Dark Pools, easily scaling to thousands of connections. FIX Flyer hosts and partners with Equinix, the leading global provider of networks neutral data center. FIX Flyer is an IBM Business Partner with real world experience on System X and Power. FIX Flyer has headquarters in New York City with offices in Boston and Hyderabad India.