InfoReach, an execution management service provider, has added more than a dozen independent brokers to its FIX network in Asia and Europe.
“Every new broker we add to the InfoReach FIX Network (IFN) increases our efficiency in providing customers with world-wide reach,” said Daniel Cook, manager, FIX Connectivity, InfoReach.
The addition of 15 sell-side firms since September brings the total number of international brokers on InfoReach’s network to 86. “Despite a tough market, our products remain well-respected and are in demand,” said Cook.
InfoReach IFN was launched almost two years ago and has been growing at an average rate of five connections – including brokers, exchanges and ECNs – per month.