Fixcity, a provider of electronic trading solutions, has launched two modules for its Indication of Interest distribution product ioinet, in the US.
ioinet:book is a dedicated sell-side module that enables brokers to view all their Indication of Interests (IOI), sent via direct connections and alternative IOI platforms including ioinet, to the buy-side. ioinet:stream allows buy-side firms to view incoming IOIs from brokers and vendor solutions within the ioinet application. The modules allow traders and dealers to aggregate IOI messages, providing a complete view of available liquidity.
ioinet:stream offers a repository for buy-side firms to store and view all the IOIs they are sent from their brokers. It allows dealers to quickly locate available liquidity in the securities they require and carry out analysis using active and historic data. ioinet:stream keeps users up-to-date with trading opportunities through the ioinet interface, automatically alerting dealers to trading opportunities as they happen and aiding best execution.