Online payments company Transaction Network Services and FIXML Flyer have teamed up to integrate the browser based FIX application for electronic trading with the TNS extranet.
With the agreement users will now be able to load pre-trade, trade, and post-trade files via a browser or ftp, automatically convert them to FIX and stream them as FIX messages to their broker over TNS’ Secure Trading Extranet. The agreement means that firms using the TNS extranet will no longer need to license a buy-side FIX engine.
Alan Schwartz, EVP of TNS, said, Flyer and TNS share a vision for a future in which feature-rich electronic trading platforms are fully accessible to large, mid-sized and small financial participants. We are honoured that Flyer’s industry respected management team recognised the synergies and benefits of working with TNS. Flyer customers will gain excellent speed and security by sitting within our resilient core facilities.