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IOI Landscape.
Traders, January, 2008 by Mehta, Nina
AutEx sends out about 1 million IOI messages every day, 15 to 20 percent of
which are naturals, according to Tradeweb's Albert Lojko. The average size of those naturals is 75,000 shares. BlockDATA, a communications service for post-trade advertisements, is AutEx's industry-standard counterpart, used by buysiders to try to discern who has the ax in a name. Tradeweb now owns both services, along with the vast Tradeweb Routing Network.
Bloomberg and Reuters also send out tremendous quantities of IOIs and trade adverts. FIXCITY, a London-based, newer competitor in the IOI space, ...
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