The Right FIX for An IOI?
Traders Magazine, February, 2005 by Peter Chapman
Does the industry need another FIX engine? A Columbia, Md.-based start-up is bucking the odds in a crowded industry by introducing a new system that may make it easier for brokerages to manage orders and indications of interest (IOIs). The firm, Raptor Trading, is targeting its FIX gateway at small and mid-tier shops and has already landed five customers.
"There are a lot of systems with similar functionality," says Mark Hinman, Raptor's president. "But there is not one that has all the functionality pulled together in one package. We are unique."
FIX engines are computer servers used to send and receive messages coded in the industry standard FIX communications protocol. The technology allows trading desks to transmit orders, indications of interest, advertisements...
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