Pivot Solutions, developer of IMTRADER, the instant messaging network and trading tool for brokers and fund managers, released IMTRADER version 3.4 today. “This release reflects our focus on functionality that brings greater responsiveness and effectiveness to our clients’ workflows,” says Furqan Nazeeri, CEO, Pivot. “Our clients are telling us that they want the benefits of IM in international trading and the speed of IM when sweeping the markets for liquidity,” he continues.
IMTRADER 3.4 adds the ability to trade international equities via IM, with order completion using Pivot’s patent-pending IM-to-FIX technology. Anonymous trading in crossing networks or dark pools of liquidity is of increasing interest to traders. IMTRADER version 3.4 adds the ability to sweep pools for hidden liquidity by clicking on an IM Buddy ID. “These capabilities provide competitive advantages to traders and fund managers as they increasingly rely on instant messaging,” observes Nazeeri. “We can see that they value the speed and immediacy of IM, and IMTRADER delivers that in a tool that is optimized for capital markets,” he adds.
In addition to these enhancements, IMTRADER version 3.4 delivers the ability to track and manage message blasts, automatically identifying which recipient received, opened and responded to a message. It gives users the ability to quickly re-send messages to those who did not respond. The ‘message prioritisation’ feature shows all open conversations in a single window, colour-coded for immediate recognition of the most important customers and orders. Chat rooms, a popular feature of IMTRADER, archive conversations so that users can quickly check what was said. “The bottom line is that IMTRADER makes an individual trader more informed, more responsive, and more valuable to his or her customer,” says Nazeeri.