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NYSE TransactToolsSM, a subsidiary of NYSE Euronext (NYSE Euronext: NYX) today announced the launch of SFTI FIX, enabling industry standard FIX protocol message exchange over the SFTI® network backbone. Available July 1, SFTI FIX gives customers an OMS neutral FIX routing network to get to any destination through a single FIX connection and brings customers access to an ever growing universe of market centers. The SFTI FIX network connects to over 800 market participants, including all of the NMS markets in the United States.
Sam Johnson, NYSE Euronext Executive Vice President and CEO of NYSE TransactTools, commenting on the launch, said: “SFTI FIX is the next step for us in realizing our vision of building a global platform for Intelligent Trading Connectivity. With SFTI FIX, we are laying the foundation for a series of soon-to-launch innovations that will enhance our platform’s functionality and breadth of coverage in order to provide our customers the most efficient access to global liquidity”.
SFTI FIX is powered by TCM6, the latest release of the world's highest-performing platform for Trading Connectivity Management. Available immediately, TCM6 integrates high-performance message handling with a suite of operational and business tools for managing, monitoring and analyzing trading activity across any size or scale of deployment. Trading firms, financial markets, networks, and vendors all benefit from enterprise-wide, end-to-end control over transactional information moving between systems and across networks.
David Litner, SVP Engineering NYSE TransactTools, comments, “Our customers have the most demanding trading environments in the world, and have moved billions of orders through our platform. We’ve worked with our customers to adapt to their needs, and TCM6 is the culmination of this effort. We’ve improved upon user experience and performance, and also created a dramatic upgrade in platform functionality.”
New updates to the TCM platform include:- Direct Market Access: High throughput, low latency messaging with in-line risk controls and trading activity reporting.
- Pre-Trade: An Indication of Interest (IOI) offering, including both manual and automated modes of operation, with sophisticated routing options.
- Distributed Server Management: Consolidated cross-enterprise configuration and improved monitoring to provide more flexible views of messaging gateways.
- FAST Support: Support for FIX Adapted for Streaming (FAST) to provide faster transport of messages.
