NYSE Technologies said it's expanding Marketplace, its FIX order routing service, to allow traders in Europe in Asia to not only trade exclusively in their own local markets, but to also tap liquidity sources around the world.
The firm said the expansion is designed to be a cost-effective way to enable overseas traders to access the broader NYS Technologies community through their regional FIX connection. The Marketplace system is currently being used by more than 1,300 buy and sell-side firms worldwide, NYSE Technologies added.
"We can offer customers a centralized, regionally-focused service that leverages our global infrastructure to adapt and grow as our client needs require," NYSE Technologies vice president Scott Fitzpatrick said.
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio